{
    "id": 2772,
    "title": "Kuwait International Bank (KIB): Best Sharia-Compliant Bank Middle East 2015",
    "slug": "kuwait-international-bank-kib-best-sharia-compliant-bank-middle-east-2015",
    "url": "https://cfi.co/awards/middle-east/2016/kuwait-international-bank-kib-best-sharia-compliant-bank-middle-east-2015/",
    "author": "CFI.co Editorial",
    "published": "2016-01-18 16:55:45",
    "published_gmt": "2016-01-18 16:55:45",
    "modified_gmt": "2017-10-30 11:40:18",
    "categories": [
        "Banking",
        "Best Practice",
        "Finance",
        "Islamic Banking",
        "Middle East"
    ],
    "classification": {
        "content_class": "award_rationale",
        "editorial_lens": "constructive_positive_lens",
        "independence_status": "independent_editorial",
        "sponsor_disclosure": "none",
        "sponsor_name": "",
        "article_status": "published",
        "historical_status": "current_at_publication",
        "correction_status": "none",
        "archive_policy": "no_delete",
        "provenance_layer": "github_versioned",
        "wayback_status": "archived",
        "wayback_first_snapshot": "20160505074954",
        "wayback_snapshot_url": "http://web.archive.org/web/20160505074954/http://cfi.co/awards/middle-east/2016/kuwait-international-bank-kib-best-sharia-compliant-bank-middle-east-2015/",
        "license": "CFI-OAAL-1.0"
    },
    "excerpt": "",
    "content_html": "<p style=\"text-align: justify;\"><img class=\"aligncenter size-full wp-image-2773\" src=\"https://cfi.co/awards/wp-content/uploads/2016/01/KIB-Logo.jpg\" alt=\"KIB-Logo\" width=\"300\" height=\"78\" /></p>\r\n<p style=\"text-align: justify;\"><strong>In business since 1973, Kuwait International Bank (KIB, originally known as Kuwait Real Estate Bank) is a publically-traded Kuwaiti bank that in 2007 adapted all its operations and processes to fully comply with Islamic financial law. Adhering to Sharia has enabled KIB to offer a full range of traditional and innovative products and services to its clients. A committee of learned Islamic scholars monitors both KIB’s internal and external operations in order to ensure strict compliance with Sharia Law.</strong></p>\r\n<p style=\"text-align: justify;\">As a premier Islamic bank which has won many accolades, KIB’s business covers all banking services including acceptance of deposits, financing, investments, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (lease-to-own), Istisna’a, Tawarruq, credit cards, Wakala, and other products in addition to corporate and project finance, treasury services, issuing letters of credit and letters of guarantee. KIB also encompasses a dynamic real estate division which facilitates transactions and helps manage property portfolios.</p>\r\n<p style=\"text-align: justify;\">KIB also maintains a modern nationwide network of 28 branches. The bank has a well-established reputation for adhering to the highest ethical standards and regulatory requirements. KIB is a client-centric bank primarily guided by the needs, wishes, and aspirations of its customers. KIB’s fully Sharia-compliant operations have allowed it to broach new markets and expand the range of its services and products.</p>\r\n<p style=\"text-align: justify;\">The CFI.co judges commented on KIB’s exceptionally solid reputation both as a leading financial institution and as a partner to private and corporate clients. The judging panel is pleased to extend the 2015 Best Sharia-Compliant Bank Middle East Award to Kuwait International Bank.</p>",
    "content_text": "In business since 1973, Kuwait International Bank (KIB, originally known as Kuwait Real Estate Bank) is a publically-traded Kuwaiti bank that in 2007 adapted all its operations and processes to fully comply with Islamic financial law. Adhering to Sharia has enabled KIB to offer a full range of traditional and innovative products and services to its clients. A committee of learned Islamic scholars monitors both KIB’s internal and external operations in order to ensure strict compliance with Sharia Law.\n\nAs a premier Islamic bank which has won many accolades, KIB’s business covers all banking services including acceptance of deposits, financing, investments, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (lease-to-own), Istisna’a, Tawarruq, credit cards, Wakala, and other products in addition to corporate and project finance, treasury services, issuing letters of credit and letters of guarantee. KIB also encompasses a dynamic real estate division which facilitates transactions and helps manage property portfolios.\n\nKIB also maintains a modern nationwide network of 28 branches. The bank has a well-established reputation for adhering to the highest ethical standards and regulatory requirements. KIB is a client-centric bank primarily guided by the needs, wishes, and aspirations of its customers. KIB’s fully Sharia-compliant operations have allowed it to broach new markets and expand the range of its services and products.\n\nThe CFI.co judges commented on KIB’s exceptionally solid reputation both as a leading financial institution and as a partner to private and corporate clients. The judging panel is pleased to extend the 2015 Best Sharia-Compliant Bank Middle East Award to Kuwait International Bank.",
    "content_sha256": "700cb740b7d537a92c46ee414651f4649920402720d7bb263da7a8c8769e45b4",
    "record_sha256": "1c548f56ed07c9634596c4127d809a0d4c02fbebf01359c51ef2c3d921d23f23"
}