Boubyan Best Islamic Bank in Kuwait by Euromoney for 2026
Boubyan Bank announced that it has received three prestigious awards from Euromoney Institutional Investor, within the Islamic Finance and Excellence Awards 2026, after being crowned “Best Islamic Bank in Kuwait,” alongside retaining its awards for “Best Islamic Bank for Digital Banking Services” and “Best Islamic Institution for SME Financing in Kuwait.” This new international recognition reflects the success of its approach in building a comprehensive Islamic banking institution that combines strong institutional performance, innovation, and excellence in delivering solutions and financing for small and medium-sized enterprises.
Euromoney Awards are among the most prominent global awards in the financial sector, relying on a comprehensive assessment of financial institutions’ performance, strategies, ability to achieve sustainable growth, service development, adoption of innovation, and enhancement of value provided to customers, thereby reflecting their standing and leadership in the markets they operate in.
Commenting on this achievement, Abdullah Al-Majhem, Executive Vice President of Private and Personal Banking at Boubyan, stated that this recognition represents an international acknowledgment of the bank’s continued efforts in building a comprehensive Islamic banking institution focused on achieving sustainable growth, continuous investment in innovation, and developing services and banking solutions, which have strengthened Boubyan’s position as one of the leading Islamic financial institutions in Kuwait and the region.
Al-Majhem added that the true value of these awards lies in their comprehensiveness, as they were not limited to a single aspect of the bank’s operations but encompassed institutional performance, continued leadership in digital banking services, and excellence in SME financing. This reflects the success of Boubyan’s approach in developing its various business segments according to a long-term vision based on specialization, operational efficiency, sustainability, and delivering added value to customers and shareholders.
He emphasized that maintaining this global recognition serves as a motivation to continue developing Boubyan’s banking business model, investing in technology, artificial intelligence, and national talent, and strengthening strategic partnerships, thereby supporting the bank’s readiness to continue leading the evolution of Islamic banking and consolidating its position among the leading Islamic financial institutions locally and regionally.
Boubyan’s receipt of the “Best Islamic Bank in Kuwait” title embodies a comprehensive recognition of the integrated institutional performance that the bank has successfully established over the past years, through a long-term strategy that combined sustainable financial growth, innovation, and continuous improvement in the quality of banking services and solutions, enabling it to solidify its position as one of the leading Islamic banks in Kuwait.
This recognition follows a series of global awards, accolades, and rankings that Boubyan has secured in recent periods, which have cemented its status among the leading Islamic financial institutions, supported by a strong financial position that makes it the third-largest bank in Kuwait, with a market capitalization of approximately $10 billion and revenues exceeding $1 billion, reflecting the success of an integrated strategy in achieving sustainable growth and enhancing competitiveness at both the local and regional levels.
The bank has also continued to strengthen its presence across various banking sectors by developing an integrated system of Sharia-compliant solutions and services, diversifying growth sources, and improving operational performance, contributing to consolidating its position as a banking institution capable of keeping pace with economic changes and meeting the aspirations of customers across all segments.
Boubyan’s retention of the “Best Islamic Bank for Digital Banking Services in Kuwait” award underscores its continued success in leading digital transformation. This is achieved through the development of an integrated banking system that leverages technology and innovation, enhances operational efficiency, accelerates execution, and delivers more personalized and flexible services, thereby aligning with customer expectations and the rapid developments in the financial sector.
In recent months, the bank has launched several strategic initiatives that have reinforced this direction. Foremost among these is the Boubyan AI Transformation program, which serves as a roadmap for institutional transformation in artificial intelligence. Additionally, the bank developed “Musa’id,” a digital assistant that has become the first interactive banking platform in the local banking sector to rely on voice interaction powered by AI using the Kuwaiti dialect. Furthermore, Boubyan has expanded its partnerships with major global technology companies, reflecting its commitment to adopting the latest technologies and converting them into practical banking solutions that deliver tangible value to customers.
On his part, Ali Al-Ansari, General Manager of the Corporate Banking Group, stated that the bank’s retention of the “Best Islamic Institution for Project Finance in Kuwait” award reflects the strong reputation it has established as a trusted partner in structuring, organizing, and implementing Sharia-compliant financing solutions. These solutions meet the needs of strategic projects across various sectors and align with market requirements.
Al-Ansari added that this excellence is built on specialized banking expertise, a highly competent workforce, and a broad network of partnerships with local, regional, and international financial institutions. This has strengthened Boubyan’s capacity to manage and execute complex financing operations and to provide innovative solutions tailored to the nature of each project and the needs of its clients.
He emphasized that the bank continues to invest in developing its project finance capabilities by expanding the scope of financing solutions and strengthening its presence in local and regional markets. These efforts support the execution of developmental and economic projects and reinforce the bank’s position as one of the leading Islamic financial institutions in this field.
These awards confirm that Boubyan’s journey of success and achievements is not based on isolated accomplishments, but rather on a long-term strategic vision focused on achieving balance, continuing business development, investing in modern technologies, and enhancing the bank’s competitiveness. This ensures the continued delivery of added value to customers and shareholders, while contributing to shaping the future of Islamic banking.
