Boubyan First Locally and Fourth Regionally Among the Safest Islamic Financial Institutions

Boubyan Bank has maintained its local leadership among the most secure Islamic financial institutions, ranking fourth across the Gulf Cooperation Council (GCC) countries in 2026, according to the annual ranking issued by Global Finance magazine. This reaffirms its prominent position among the leading Islamic banking institutions in the region, underscoring the strength of its financial standing, creditworthiness, and financial stability.

This achievement builds upon the solid reputation Boubyan has established in the banking sector, grounded in strong financial and operational foundations, and a strategy that combines balanced growth, business model development, and enhanced institutional efficiency, thereby supporting its capacity to sustain growth and meet the needs of its clients and shareholders.

Commenting on this milestone, Abdul Salam Al-Saleh, CEO of Corporate Banking, Financial Management, Treasury, and Legal Affairs at the bank, stated that Boubyan’s continued leadership among the most secure Islamic financial institutions in Kuwait and its advanced regional standing reflect the strength of its financial foundations and the efficiency of its resource management, alongside its commitment to the highest governance standards and best banking practices. He emphasized that this achievement enhances the confidence that clients, shareholders, and investors place in the bank.

He added that the significance of this ranking stems from its reliance on independent credit assessments issued by major global rating agencies, which reflect the creditworthiness of banking institutions, their ability to meet obligations, and their financial stability. He noted that Boubyan’s continued presence in the top ranks exemplifies the success of its approach in balancing growth with maintaining strong financial stability.

Al-Saleh clarified that Boubyan’s credit ratings from global agencies such as Moody’s, Standard & Poor’s, and Fitch reflect the strength of its financial position, the quality of its assets, the robustness of its capital and liquidity levels, as well as its prudent risk management policies and balanced business management approach. He pointed out that these fundamentals form a solid foundation supporting the bank’s ability to continue achieving its strategic objectives and enhancing the confidence of clients and investors in its long-term performance.

He noted that the bank continues to develop its institutional capabilities and enhance operational efficiency, focusing on the quality of its financing portfolio and diversifying its banking activities, alongside developing its technological infrastructure and strengthening governance levels. These efforts support performance sustainability and provide a strong financial and operational foundation for continued expansion and capitalizing on growth opportunities.

He affirmed that Boubyan’s strong banking brand and advanced position in the sector are based on a long-term strategy combining sustainable growth, innovation, and continuous development. He explained that over the past years, the bank has strengthened its presence and expanded its business base and banking and digital services, reflecting the evolution of its business model and its ability to keep pace with market demands.

Al-Saleh added that innovation is a core pillar of Boubyan’s strategy, through continued investment in modern technologies and the provision of innovative banking services and solutions that meet the needs of diverse customer segments and align with their evolving aspirations. He noted that the bank is accelerating its transformation into an AI-powered banking institution, contributing to enhancing customer experience, improving operational efficiency, and strengthening its competitive capabilities.

Global Finance’s ranking of the world’s safest Islamic banks for 2026 is based on long-term foreign-currency credit ratings issued by global credit rating agencies for the world’s 500 largest banks, providing a specialized international benchmark for assessing the financial strength and creditworthiness of banking institutions.

The significance of this ranking is underscored by the rapid developments in the global financial and banking sectors, accompanied by growing interest in the strength, stability, and ability of financial institutions to deliver sustainable performance. Through its annual rankings, Global Finance continues to highlight banking institutions with solid financial foundations and the confidence of customers and markets.

The list of the ten safest Islamic financial institutions in the Gulf Cooperation Council (GCC) countries for 2026 includes two banks from Kuwait, led by Boubyan, four Qatari banks, and two banks each from the United Arab Emirates and the Kingdom of Saudi Arabia.