Boubyan named Best Islamic Bank in Kuwait by Euromoney for 2026

Boubyan Bank announced that it has won three prestigious awards from the global Euromoney institution at 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 accolades in the financial sector, based on a comprehensive evaluation 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, Deputy Chief Executive Officer for Private and Personal Banking at Boubyan Bank, stated that this recognition represents an international acknowledgment of the bank’s continued efforts in building a comprehensive Islamic banking institution focused on sustainable growth, continuous investment in innovation, and the development of banking services and solutions, which have strengthened Boubyan’s position as one of the leading Islamic financial institutions in Kuwait and the region.

He added that the true value of these awards lies in their comprehensiveness, as they did not focus on just one aspect of the bank’s operations but covered 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.

Al-Majhem emphasized that maintaining this global recognition serves as an incentive 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 development of Islamic banking and consolidating its position among the leading Islamic financial institutions locally and regionally.

Boubyan’s acquisition of the title “Best Islamic Bank in Kuwait” 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 consolidate 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 place 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, aligning with customer expectations and the rapid developments in the financial sector.

The bank continues to invest in developing its digital infrastructure and strengthening its technical capabilities by launching innovative banking solutions for individuals, corporate clients, and small and medium-sized enterprises (SMEs). It also updates its digital channels and payment systems, enabling customers to conduct transactions efficiently, quickly, and securely, while enhancing the quality of the banking experience across all touchpoints.

In recent periods, several strategic initiatives have reinforced this direction. These include the “Boubyan AI Transformation” program, which serves as a roadmap for institutional transformation in artificial intelligence, and the development of “Musa’id,” a digital assistant that has become the first interactive banking platform in the local banking sector to rely on AI-powered voice interaction in the Kuwaiti dialect. Furthermore, the bank has expanded partnerships with major global technology companies, reflecting Boubyan’s commitment to adopting the latest technologies and converting them into practical banking solutions that deliver real value to customers.

On his part, Ali Al-Ansari, Managing Director of the Corporate Banking Group, stated that the bank’s retention of the “Best Islamic Institution for Project Financing in Kuwait” award reflects its established reputation 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.

He added that this excellence is based 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 ability to manage and execute complex financing operations and provide innovative solutions tailored to the nature of each project and the needs of its clients.

Al-Ansari emphasized that the bank continues to invest in developing its project financing capabilities by expanding the scope of financing solutions and strengthening its presence in local and regional markets. This supports the execution of developmental and economic projects and reinforces its 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.