Boubyan: First locally, fourth regionally as 'Safest'

Boubyan Bank 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 status Boubyan has established in the banking sector, grounded in robust 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.

In this regard, Abdul Salam Al-Saleh, Chief Executive Officer for Corporate Banking, Financial Management, Treasury, and Legal Affairs at the bank, stated that Boubyan’s continued leadership among the most secure Kuwaiti Islamic financial institutions 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 the bank enjoys among its clients, shareholders, and investors.

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 capacity to maintain financial stability. He noted that Boubyan’s continued presence among the top ranks embodies the success of its approach in balancing growth with maintaining the strength of its financial position.

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 solidity 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 further indicated that the bank continues to develop its institutional capabilities and enhance the efficiency of its operational processes, 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 to continue expanding and capitalizing on growth opportunities.

He affirmed that the strength of Boubyan’s banking brand and its advanced position in the banking sector are based on a long-term strategy that combines 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 represents 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 customers across various segments and align with their evolving aspirations. He noted that the bank is accelerating its transformation into an AI-powered banking institution, which contributes to enhancing customer experience, improving performance efficiency, and strengthening its competitive capabilities.