Boubyan Bank is a publicly listed Islamic Bank headquartered in Kuwait City, Kuwait. Founded in 2004 following the enactment of Kuwait's Islamic Banks Law, it was the first Islamic bank established under the new regulatory framework.The bank provides Sharia-compliant financial services across consumer banking, corporate banking, and investment banking through its network of branches in Kuwait.[3][4] Boubyan Bank is one of the emerging banks in Kuwait and GCC, with the National Bank of Kuwait as the major shareholder.[5]
History
The Islamic Banks Law No.33 of 2003 paved the way for Boubyan Bank's establishment through Amiri Decree No. 88 on 21 September 2004.[6][7]