Boubyan Best Islamic Bank in Kuwait 2026
- International recognition reaffirms the bank’s leadership in Islamic banking and its institutional excellence
- Abdullah Al-Majhem: A new achievement reflecting the success of “Boubyan’s” vision in building a comprehensive Islamic banking institution
- Ali Al-Ansari: Our expertise and strategic partnerships enhance “Boubyan’s” position as a trusted partner in project finance
Boubyan Bank announced that it has received 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 Project Finance 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 project finance.
Euromoney awards are among the most prominent global awards 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, reflecting their status 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, stated that this recognition represents 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, thereby strengthening 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 a single aspect of the bank’s operations but covered institutional performance, continued leadership in digital banking services, and excellence in project finance. 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 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 development 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 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 services and banking solutions, enabling it to consolidate its position as one of the leading Islamic banks in Kuwait.
This recognition follows a series of global awards, acknowledgments, and ratings that Boubyan has won in recent periods, which have cemented its position 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 segments of the banking sector by developing an integrated suite of Sharia-compliant solutions and services, diversifying growth sources, and enhancing operational efficiency, thereby consolidating its position as a banking institution capable of keeping pace with economic changes and meeting the aspirations of customers across all segments.
The retention of Boubyan’s award for “Best Islamic Bank for Digital Banking Services in Kuwait” underscores its continued success in leading digital transformation. This is achieved through the development of an integrated banking system that leverages technology and innovation, improves operational efficiency, accelerates execution, and delivers more personalized and flexible services, aligning with customer expectations and the rapid developments in the financial sector.
The past period witnessed the launch of several strategic initiatives that reinforced this direction, most notably the “Boubyan AI Transformation” program, which serves as a roadmap for institutional transformation in artificial intelligence. This was complemented by 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 expanded its partnerships with major global technology companies, reflecting Boubyan’s commitment to adopting the latest technologies and converting them into practical banking solutions that add real value to customers.
On his part, Ali Al-Ansari, Managing Director of the Corporate Banking Services Group, stated that the bank’s retention of the award for “Best Islamic Institution for Project Finance in Kuwait” reflects the position it has established as a trusted partner in structuring, arranging, and executing 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 enhanced Boubyan’s ability to manage and execute complex financing operations and deliver 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 finance 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.
The awards confirm that Boubyan’s journey of success and achievements is not based on interim 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.
