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About Us

Boubyan Bank is known for its provision of exclusive and unique banking services and products which were first introduced by it in the Kuwaiti market. The Bank is also ranked as the best private sector institution in Kuwait in the field of customer service.

Furthermore, creativity and innovation have always been the corner stone for Boubyan Bank’s business model as the bank is keen on reinforcing this value through the innovative digital and electronic banking services, most of which is offered for the first time in the state of Kuwait.


Boubyan Group

 

Boubyan Bank

Boubyan Bank is a leading Islamic bank based in Kuwait, renowned for its excellence and dedication to customer service and its market leadership in innovation. Boubyan provides retail banking, corporate banking and wealth management services in accordance with provisions of the Noble Islamic Sharia

The Banking group is further comprised of four subsidiaries providing banking, investment and asset management, takaful insurance and property management activities.

 

BLME

The Bank of London & The Middle East (BLME) is an award-winning, Sharia compliant bank, providing Real Estate focused Wealth Management solutions, Commercial Real Estate Finance and savings products.

Based in London, with offices in the UK and the UAE, BLME became a subsidiary of Boubyan Bank following a successfully acquisition in 2020, consolidating Boubyan’s long-standing ownership in BLME since its foundation in 2007.

 

Boubyan Capital

Boubyan Capital is a Sharia compliant investment company based in Kuwait. The company provides asset management, alternative investments and brokerage services to institutions and high net worth individuals in addition to managing the propriety investments of the Boubyan Bank Group.

 

Boubyan Takaful

Boubyan Takaful is a Sharia compliant insurance company based in Kuwait, offering a wide range of Insurance products under all classes of business; Motor, Fire & General Accident, Marine & Aviation, Family Takaful & Medical; all on the basis of Takaful insurance in line with Islamic principles under the supervision of our Sharia Board.

 

Boubyan National

Boubyan National is a Real Estate Services Company based in Kuwait, providing land and real estate development, rental and leasing, property maintenance, and general contracting services in addition to managing the property interests of the Boubyan Group and working in accordance to the Islamic Sharia and applying the Islamic teachings in all its transactions.

Mission & Vision

 

Mission: Achieving excellence in everything we do 
We will do this by:

  • Always focusing on our customers
  • Working as a team to exceed our individual expectations
  • Maintaining the highest standards of integrity and professionalism
  • Fostering creativity and innovation in the products and services we offer and in the way we work
  • Focusing on our employees by creating a high-performing organization that nurtures, develops and provides exceptional opportunities for our people

Vision: We aspire to become one of the top 5 Islamic banks in the world

Customer Charter

 

Our commitment to YOU in achieving excellence in everything we do

  • We will always serve YOU in a friendly, courteous and professional manner.
  • We will always provide YOU with accurate information, honest advice and protect your wealth and privacy.
  • We will always listen to YOU carefully, and will always take prompt action on feedback, enquiries and complaints.
  • We will always provide YOU with innovative channels that allow you to bank conveniently and securely, anytime, anywhere.
  • We will always provide YOU with sharia’a compliance products that cater to your need and exceed your expectations.

What we expect from YOU

  • To be part of the Boubyan Bank family, our family treats all with courtesy and respect.
  • To provide us with timely and accurate information, we need it to serve you better.
  • To provide us with candid feedback, both positive and negative. Your feedback drives our journey towards perfection.

Perspective of Islamic Banking

 

Shari'a Compliant Banking

Islamic banking is a banking or financing activity that complies with Shari'a Islamic law and is applied in practice through the development of Islamic economics. 

Offering a combination of services under Shari'a law and ethics cultivates an ideal relationship between banking and business and has progressively dominated the domestic banking landscape across the world in the 21st century.

A primary challenge facing Islamic banking today is the reconciling of its dual role as a business facilitator and a financial institution.  The slow evolutionary process of Islamic banking is exemplified in the prevalence of diluted alternative applications of Shari'a principles instead of the ideal balance between the application of the Profit & Loss Sharing (PLS) mode of financing in measured combination with other fixed return modes.

In response to this, Boubyan Bank offers dynamic and comprehensive knowledge in a financial environment conducive to the development of profit-friendly and risk-mitigating Islamic products and instruments, and advocates for a co-operative effort amongst Islamic banks on regional and global scale.

Boubyan Bank’s Islamic banking and financing models include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).

Fatwa Book

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Board of Directors

 

Abdulaziz Abdullah Al-Shaya

Chairman

Year of joining: 2009 Skills and Experience: Mr. Al-Shaya is a well-known businessman with more than 41 years of experience in trading and real estate sectors; he manages a trading company in Kuwait. Mr. Al-Shaya holds a bachelor’s degree in Economics from Kuwait University.

Adel Abdul Wahab Al-Majed

Vice-Chairman & Chief Executive Officer (Executive)

Year of joining: 2010 Skills and Experience: Mr. Al-Majed joined Boubyan Bank in August 2009, and has more than 38 years of banking experience. He worked previously at the National Bank of Kuwait (NBK) for more than 25 years, where he held leadership positions, including Deputy Chief Executive Officer and General Manager - Consumer Banking Group. Mr. Al-Majed graduated from the University of Alexandria with a bachelor’s degree in accounting, and attended various executive management development programs at various universities, including Harvard, Wharton and Stanford, and other reputable institutions.

Adnan Abdullah Al-Othman

Director (Non-Executive)

Year of joining: 2016 Skills and Experience: Mr. Al-Othman is a well-known businessman with more than 41 years of experience in banking and real estate sectors; he owns a real estate company. Mr. Al-Othman holds a bachelor’s degree in Industrial Engineering from Syracuse University - USA.

Fahad Ahmad Al-Fouzan

Director (Non-Executive)

Year of joining: 2020 Skills and Experience: Mr. Al-Fouzan is a businessman with more than 35 years of experience, including 30 years of experience in banking sector, where he worked in various leadership positions. Mr. Al-Fouzan holds a bachelor’s degree in Accounting from Kuwait University.

Hazim Ali Al-Mutairi

Director (Non-Executive)

Year of joining: 2010 Skills and Experience: Mr. Al-Mutairi has a well-diversified experience for more than 27 years in the fields of financing, investment, and banking. He is currently the CEO of CreditOne Kuwait Holding Company. He graduated from the United States of America with a bachelor’s degree in Finance.

Mohamed Yousef Al-Saqer

Director (Non-Executive)

Year of joining: 2019 Skills and Experience: Mr. Al-Saqer is a well-known businessman with more than 31 years of experience in business; he is the managing partner of two trading companies in Kuwait. Mr. Al-Saqer holds a bachelor’s degree in Public Administration from Point Park College - USA.

Waleed Mishari Al-Hamad

Director (Non-Executive)

Year of joining: 2010 Skills and Experience: Mr. Al-Hamad has more than 29 years of experience, including 11 years in banking and the remaining in the investment sector; he is the Managing Director of a holding company in Kuwait. Mr. Al-Hamad possesses a bachelor’s degree in Economics, and a master’s degree in Finance from the United States of America.

Waleed Ibrahim Al-Asfour

Director (Non-Executive)

Year of joining: 2019 Skills and Experience: Mr. Al-Asfour possesses more than 36 years of experience in real estate and financial sectors. He manages a real estate company and an investment company in Kuwait. Mr. Al-Asfour graduated from Kuwait University with a bachelor’s degree in Business Administration - Finance.

Waleed Abdullah Al-Houti

Director (Non-Executive)

Year of joining: 2019 Skills and Experience: Mr. Al-Houti possesses more than 38 years of experience in financial and oil sectors. He is currently Chairman of a Kuwaiti shareholding company, which invests in petroleum services. Mr. Al-Houti graduated from Kuwait University with a bachelor’s degree in Business Administration - Finance.

Executive Management

 

Adel Abdul Wahab Al-Majed

Vice-Chairman & Chief Executive Officer

Mr. Al-Majed joined Boubyan Bank in August 2009, and has more than 38 years of banking experience. He worked previously at the National Bank of Kuwait (NBK) for more than 25 years, where he held leadership positions, including Deputy Chief Executive Officer and General Manager - Consumer Banking Group. Mr. Al-Majed graduated from the University of Alexandria with a bachelor’s degree in accounting, and attended various executive management development programs at various universities, including Harvard, Wharton and Stanford, and other reputable institutions.

Abdullah Abdulkareem Al-Tuwaijri

Deputy Chief Executive Officer

Mr. Al-Tuwaijri joined Boubyan Bank in December 2011 and has more than 31 years of banking experience, including 23 years at NBK. During his time with NBK, he held different leadership roles in retail banking in Kuwait and London. Mr. Al-Tuwaijri got his bachelor’s degree in Finance from Kuwait University, and attended several executive development programs at Harvard Business School, INSEAD, and other reputable institutions.

Abdul-Salam Mohammed Al-Saleh

Deputy Chief Executive Officer

Mr. Al-Saleh joined Boubyan Bank in October 2012, and has more than 32 years of banking experience. He worked for 18 years at NBK, where he gained experience in Financial Control and Corporate Banking; and his last position was the Head of Domestic Corporate Banking. Prior to joining the Bank, he worked over 7 years for National Bank of Abu Dhabi (NBAD) as the Regional Manager of its branch in Kuwait. Mr. Al-Saleh got his bachelor’s degree in Finance from Kuwait University, and attended various executive management development programs over the course of his career.

Waleed Khalid Al-Yaqout

Group General Manager - Administration Group

Mr. Al-Yaqout joined Boubyan in February 2010, and has more than 38 years of banking experience. His previous position was General Manager – Administration and Human Resources Group at NBK. Mr. Al-Yaqout graduated with a bachelor’s degree in Business Administration and Marketing from the University of Ashland in USA, and participated in various executive management development programs at Harvard, Wharton, Stanford and Columbia.

Adel Abdullah Al-Hammad

Group General Manager - Human Resources Group

Mr. Al-Hammad joined Boubyan Bank in December 2006, and has more than 36 years of experience in Human Resources Management, out of which 23 years were at NBK, where he held several key positions, the last of which was the Head of Human Resources. Mr. Al-Hammad graduated with a bachelor’s degree in Economics from Kuwait University, and attended several executive management development programs at Harvard and Stanford.

Abdullah Ahmed Al-Mehri

Chief Operating Officer

Mr. Al-Mehri joined Boubyan Bank in January 2019 and has around 20 years of experience in banking sector. Prior to Boubyan, he was the head of the “Off-site Supervision Department” at the Central Bank of Kuwait. He worked earlier in the Corporate Banking as Executive Manager at First Bank of Abu Dhabi in Kuwait and Senior Manager at National Bank of Kuwait. He holds a bachelor’s degree in accounting from the American University of Cairo and a master’s degree in business administration from the Maastricht University in Kuwait; he attended as well various executive management development programs at Harvard.

Ashraf Abdallah Sewilam

Group General Manager - Corporate Banking Group

Mr. Sewilam joined Boubyan Bank in 2013, and has over 26 years of experience in banking sector. Before joining Boubyan, Mr. Sewilam was CEO of Al Rajhi Bank-Kuwait. He occupied the position of the CEO of UBCI (a subsidiary of Ahli United Bank (AUB) in Libya) and was a Deputy CEO for Corporate and Treasury at AUB in Kuwait. He worked as well for 10 years at NBK, where he progressed in several managerial positions, the last of which was Executive Manager. Mr. Sewilam holds bachelor’s degree in Economics from Cairo University.

Neven Raic

Group General Manager - Consumer Banking Group

Mr. Raic joined Boubyan Bank in August 2018 and has more than 27 years of experience in banking, particularly in retail banking. He held executive positions in various international banks, both in Europe and Middle East. In addition, Mr. Raic held several non-executive and supervisory board roles at various financial services institutions. He holds a master’s degree in business administration from the Berlin School of Economics and Law.

Abdul Rahman Hamza Mansour

Chief Internal Audit - Internal Audit Group

Mr. Hamza joined the Bank in year 2006 and has more than 38 years of professional experience with financial institutions. Prior to joining Boubyan, he held a position as Audit Manager at Kuwait Investment Authority, and worked before that at Al-Ahli Bank of Kuwait. Mr. Hamza holds a bachelor’s degree in Accounting, and he is a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA) and a Certified Fraud Examiner (CFE).

Mohamed Ibrahim Ismail

Group General Manager - Financial Control Group

Mr. Ismail joined Boubyan Bank in 2005 and has about 24 years of banking and financial services experience. He started his career as an external auditor with Deloitte & Touche and then Ernst & Young. In the course of his career, he worked at Kuwait Finance House and Gulf Investment House. Mr. Ismail is a Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA), and he holds MBA in Finance from Manchester Business School.

Majed Fanous

Chief Risk Officer – Risk Management Group

Mr. Fanous joined Boubyan Bank in February 2018; he has over 32 years of experience in banking, risk management, and financial regulations. Before joining Boubyan, he was a lead partner of the Risk and Regulatory practices of Ernst & Young in the UK and MENA. Prior to this, he was a lead partner of the Finance and Performance Management (FPM) of Accenture’s UK/Ireland. Mr. Fanous holds a bachelor’s degree in accounting from Cairo University.

Adel Rashed Al-Mutairi

Treasurer - Treasury Group

Mr. Al-Mutairi joined the Bank in 2015 and has over 16 years of experience in banking sector, mainly in treasury services. Prior to joining Boubyan, he held the position as the Deputy Treasurer Warba Bank. Mr. Al-Mutairi holds a bachelor’s degree in Education – Major in Science & Mathematics; and he attended the executive management programs at Wharton Business School and Harvard Business School.

Shariah Committee

 

Sheikh Dr. Abdulaziz Khalifa Al-Qasar

Chairman Board

Sheikh Dr. Esame Khalaf Al-Enezi

Member/Reporter

Sheikh Dr. Mohammed Awad Al-Fuzaie

Member

Sheikh Dr. Ali Ibrahim Al-Rashid

Member