Kuwait

Kuwait Finance House helped start quite a trend when it opened its doors in 1977 as only the second Islamic bank in the world. There has been no looking back since for the Kuwaiti firm.

Kuwait International Bank, under its CEO Raed Jawad Bukhamseen, makes a credible case about being an institution that welcomes disruption from the inside out – and is winner of Asiamoney’s best digital bank for Kuwait this year.

Kuwait International Bank, under its CEO Raed Jawad Bukhamseen, makes a credible case about being an institution that welcomes disruption from the inside out – and is winner of Asiamoney’s best digital bank for Kuwait this year.

Ahli United Bank’s big breakthrough took place in 2010 when it became a Shariah-compliant bank. It hasn’t looked back since.

Kuwait Finance House is the standout winner of this award, beating its great domestic rival National Bank of Kuwait.

Kuwait Finance House is strong to the core; for 2018, third-quarter net profit rose 22.7% year on year, while net financing income jumped 25.4% in the same period. Its Islamic banking credentials make it a worthy winner of this award.

Kuwait Finance House has many positive attributes that should hold it in good stead for the years to come. It is one of the safest banks in the Middle East, as well as being one of the world’s largest Islamic finance houses, with more than 480 branches.