Kuwait International Bank

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Overview

Kuwait International Bank is Boursa Kuwait: KIB + Kuwaiti Islamic bank + founded Jul 13 1973 as Kuwait Real Estate Bank then Jul 1 2007 Kuwait International Bank Islamic conversion + one of Kuwait's largest Islamic commercial banks ^{1, Kuwait report}.

History

Jul 13 1973 — Kuwait Real Estate Bank founded as Kuwaiti commercial bank.

Jul 1 2007 — Kuwait Real Estate Bank renamed Kuwait International Bank KIB + Islamic banking conversion.

2014 — KIB Mobile banking app launch.

Ownership & operator

Operating entity: Kuwait International Bank KIB (Kuwaiti Islamic bank; Boursa Kuwait: KIB).

Major shareholders: Kuwaiti retail + institutional + foreign investors free float.

Regulators: Central Bank of Kuwait CBoK + Shariah Supervisory Board.

Technical integration

KIB Mobile app (iOS + Android) + kib.com.kw online + Kuwait International Bank branch network across Kuwait + KIB Visa + Mastercard cards; KW IBAN + K-Net (Kuwait national debit card + ATM network) + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Major Kuwaiti + Islamic banking + payments competitors: NBK (National Bank of Kuwait) (NBK National Bank of Kuwait; Boursa Kuwait: NBK; Kuwait's largest commercial bank by assets) + Kuwait Finance House (KFH) / KFHOnline (Kuwait Finance House; Boursa Kuwait: KFIN; Kuwaiti Islamic bank + Kuveyt Türk Turkish parent ~62.24% controlling) + Gulf Bank Kuwait (Gulf Bank; Boursa Kuwait: GBK; Kuwaiti commercial bank) + Boubyan Bank (Boubyan Bank; Boursa Kuwait: BOUBYAN; Kuwaiti Islamic bank) + ABK Al Ahli Bank of Kuwait (Al Ahli Bank of Kuwait ABK; Boursa Kuwait: ABK; Kuwaiti commercial bank) + Warba Bank (Kuwait) (Warba Bank; Boursa Kuwait: WARBA; Kuwaiti Islamic bank) + Commercial Bank of Kuwait (Commercial Bank of Kuwait CBK; Boursa Kuwait: CBK; Kuwaiti commercial bank).

Regulators: Central Bank of Kuwait CBoK + Shariah Supervisory Board.

Status

Active, Boursa Kuwait:KIB + Kuwaiti Islamic bank + founded Jul 13 1973 as Kuwait Real Estate Bank then Jul 1 2007 Kuwait International Bank Islamic conversion + one of Kuwait's largest Islamic commercial banks ^{1, 2}.

Sources

1 KIB — official
2 KIB — Wikipedia
^{Kuwait report} In-corpus: reports/countries/KW-kuwait.md

Source

Biography extracted from kuwait-international-bank.md. See matrix.md for standards-support matrix if present.