Warba Bank (Kuwait)

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Overview

Warba Bank (Kuwait) is Kuwaiti Islamic commercial bank + KSE: WARB + Kuwait Investment Authority KIA ~24% controlling + first Kuwaiti digital-only Islamic banking pioneer + Sharia-compliant banking ^{1, Kuwait report}.

History

Feb 17 2010 — Warba Bank K.S.C.P. founded by Kuwait Investment Authority KIA + Kuwait Investment Company distinctive Kuwaiti Islamic banking heritage.

Apr 2014 — Warba Bank KSE IPO under ticker WARB.

2014 — Warba Bank Mobile Banking app launch + first Kuwaiti digital-only Islamic banking pioneer.

Ownership & operator

Operating entity: Warba Bank K.S.C.P. (KSE: WARB; Kuwaiti Islamic commercial bank).

Major shareholders: Kuwait Investment Authority KIA ~24% controlling + Kuwait Investment Company + Kuwait Petroleum Corporation KPC + Public Institution for Social Security PIFSS + Kuwaiti retail + institutional + foreign investors.

Regulators: CBK (Central Bank of Kuwait) + Kuwait Sharia Board.

Technical integration

Warba Bank Mobile Banking app (iOS + Android) + warbabank.com online + Warba Bank branch network across Kuwait + Warba Bank Visa + Mastercard cards; KNET + Kuwait Instant Payment.

Implementations & partners

Major Kuwaiti banking + payments competitors: NBK (National Bank of Kuwait) (National Bank of Kuwait NBK; KSE: NBK; Kuwait's largest commercial bank by assets) + Boubyan Bank (Boubyan Bank; Kuwait's largest Islamic commercial bank by assets) + Kuwait Finance House (KFH) / KFHOnline (Kuwait Finance House KFH; one of largest Islamic banks globally) + Burgan Bank (Burgan Bank; KIPCO majority controlling) + ABK Al Ahli Bank of Kuwait (Al Ahli Bank of Kuwait; KSE:ABK; ~6 countries footprint) + Gulf Bank Kuwait (Gulf Bank; KSE:GBK; Alghanim Industries ~35% controlling) + Kuwait International Bank (Kuwait International Bank; Kuwaiti Islamic commercial bank).

Regulators: CBK + Kuwait Sharia Board.

Status

Active, Kuwaiti Islamic commercial bank + KSE:WARB + Kuwait Investment Authority KIA ~24% controlling + first Kuwaiti digital-only Islamic banking pioneer ^{1, 2}.

Sources

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

Source

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