KIB awarded ‘Best Banking Vision in Kuwait’ – Islamic finance awards

07/12/2016 05:59 AST

Kuwait International Bank was recently awarded “Best Banking Vision in Kuwait” by CPI Financial in the Islamic Business & Finance Awards category, thereby garnering one of the leading regional awards recognizing banking excellence and rewarding pioneers in the field of Islamic fi¬nance. KIB’s Acting Chief Executive Officer, Mohamed Said El Saka, received the award on behalf of the Bank at the Islamic Business & Finance Awards ceremony held recently in Dubai.

El Saka described this latest accolade as one of the important recognitions received by KIB in its recent history, adding: “This recognition serves to highlight KIB’s forward-thinking strategy and visionary outlook, which have been extremely successful in enhancing the Bank’s position within the Islamic banking sector.

The “Best Banking Vision” Award came as a result of a clear growth strategy encompassing all aspects of the Bank’s performance and operations. This includes the introduction of new products and offerings, enhanced customer service levels, senior management’s contribution to demonstrate profitability and sustainability, as well as a commitment to CSR initiatives. Our focused strategic approach has translated to impressive growth rates across all areas. It has also enabled us to make great strides in our mission to offer our customers innovative, contemporary, and market-leading Islamic banking solutions.”

He further added: “We at KIB strongly believe that successful banking strategies are dependent on having a clear and actionable vision. Our highly experienced and knowledgeable team, guided by our Board of Directors, is uniquely qualified to carry out our ambitious strategy, which focuses on realizing a comprehensive transformation across all sectors and segments of the Bank. This latest award serves to fuel our drive and motivate us to push ourselves even further to achieve that goal.”

Over the past several years, KIB has garnered numerous local, regional and international prestigious awards, serving to affirm the strength of the Bank’s financial core and the success of its strategy. One of the biggest accolades was being named “The Best Islamic Bank in Kuwait” by World Finance for three consecutive years (2014, 2015 and 2016). KIB was also named “Best Sharia-Compliant Bank in the Middle East” for the year 2015 by Capital Finance International.

El Saka concluded by saying: “The guidance of our Chairman, Sheikh Mohamed Al-Jarrah Al Sabah, along with our Board of Directors, has been a crucial factor in achieving this continued success, as well as the timely and proactive actions of the Central Bank of Kuwait.

On behalf of the executive management at KIB, I would like to express my gratitude to every member of the team at KIB; their hard work has been a vital element towards helping us realize our success. My sincere thanks also to our customers for their continued trust in us, and we promise them even greater things to come.”

Arab Times