Boubyan Bank
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Boubyan Bank is an
Islamic Bank Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some ...
in
Kuwait Kuwait, officially the State of Kuwait, is a country in West Asia and the geopolitical region known as the Middle East. It is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf, bordering Iraq to Iraq–Kuwait ...
established in 2004. Boubyan Bank has a paid up capital exceeding 196.5 million Kuwaitis dinars (equivalent to approximately 700 million US dollars). Boubyan Bank is one of the emerging banks in Kuwait and GCC, with the
National Bank of Kuwait The National Bank of Kuwait (NBK) is a Kuwaiti multinational bank headquartered in Kuwait City and established in 1952. It is the largest financial institution in Kuwait. It operates 138 branches across 13 countries, seven of which are in the ...
as the major shareholder, which is ranked among the largest 300 banks worldwide. Boubyan Bank provides a variety of banking services to individuals, private business and corporate customers. The main activities of Boubyan Bank include accepting deposits, establishing investment funds, and trading in real estate. The bank deals with all types of Islamic transactions, including: *
Mudaraba Profit and Loss Sharing (also called PLS or participatory banking) refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah. These mechanisms comply with the religious prohibition on interest on loans that most Musli ...
* Investment agency agreement *
Murabaha ''Murabaḥah'', ''murabaḥa'', or ''murâbaḥah'' (, derived from ''ribh'' , meaning profit) was originally a term of ''fiqh'' (Islamic jurisprudence) for a sales contract where the buyer and seller agree on the Markup (business), markup (pr ...
* Lease


Boubyan Bank Subsidiaries

Subsidiaries and Associates: Boubyan Group includes the following subsidies and associates by end of 2013: * Boubyan Takaful – Kuwait (with ownership of 67.63%) * Boubyan Capital – Kuwait (with ownership of 99.55%) * Saudi Projects Holding Group – Kuwait (with ownership of 25%) * Bank of London and the Middle East (BLME) – UK (with ownership of 25.62%) * Bank Syariah Muamalat Indonesia – Indonesia (with ownership of 22%) * Ijarah Indonesia Finance Company – Indonesia (with ownership of 33.33%) * United Capital Bank – Sudan (with ownership of 21.67%)


Board of directors


Executive Management


Shariah Committee

Shariah Committee: Boubyan Bank has a Shariah Committee which monitors and approves its activities and transactions, and comprises:


External links

*https://boubyan.bankboubyan.com/en/


References

Banks established in 2004 Kuwaiti companies established in 2004 Companies listed on the Boursa Kuwait {{Kuwait-stub Islamic banks of Kuwait