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World Islamic Banking Conference 2017




Approaching the end of this year, Boubyan Bank has received 3 remarkable awards at the World Islamic Banking Conference (WIBC) which has been recently held in Bahrain, where the bank received the Best Performing Islamic Bank Globally, in the GCC, and in Kuwait awards.

These 3 awards are very remarkable since we received them from the most prominent Islamic economic event which was first held 24 years ago, and those awards come amid intense competition with Islamic banks which are renowned regionally and globally. This asserts the rapid development of the bank which is based on implementing crystal-clear plans to deal with the Kuwaiti market as per a well-studied strategy”.

The competent committee at the conference, which crowned Boubyan with the 3 awards, stressed that its selection was the fruit of keeping an eye on the bank over the past years along with the bank’s achievements over a short period of time.

The committee also highlighted the bank’s excellence in offering new remarkable products and services and its focus on providing high-quality service to customers in addition to the growth of its market share whether for the retail or the corporate sectors.

The committee added: “The bank clearly succeeded in investing in information technology and became a model to follow by other banks, especially after offering several digital banking services for the first time in Kuwait and the GCC market”.

The committee further stated that Islamic banks around the globe, especially in the GCC, witnessed major developments over the past two decades which enabled them to leave their mark on the international financial and banking transactions market.

Methodology

Each financial institution receives an aggregate score based on weighted scores of 3 metrics: Financial stability, Financial performance and Governance Social responsibilities.

Award recipients are those that secure the top aggregate score at the global, regional and country level.

Those that make it in the top 15 at the global level, top 5 at the regional level and top 5 at the country level will be nominated.