Latest news with #KuwaitInternationalBank
Al Bawaba
4 days ago
- Business
- Al Bawaba
KIB celebrates graduation of three staff members from Harvard Executive Leadership Program
In line with its ongoing commitment to developing national talent and investing in the next generation of banking leaders, Kuwait International Bank (KIB) celebrated the graduation of three employees from the prestigious 'Strategic Leadership in the Age of Financial Sustainability' program, delivered and certified by Harvard Business executive managers, the six-day intensive program marked the sixteenth cohort of this executive education initiative, held under the Central Bank of Kuwait's (CBK) 'Kafa'a' program in collaboration with local banks and the Kuwait Institute of Banking Studies (KIBS).Commenting on the achievement, Feras Al-Darmi, General Manager of the Human Resources Department at KIB, said: 'We are incredibly proud of our colleagues for successfully completing one of the most respected executive leadership programs in the world. Their participation reflects our strategic focus on human capital development and our belief that investing in our people is the most effective way to achieve future readiness. This achievement reaffirms our commitment to ensuring our workforce is equipped with world-class expertise and global perspectives, in line with our comprehensive strategic plans.'Al-Darmi elaborated that the Harvard program focused on two core themes: financial strategy and leadership. Through Harvard's case-based methodology, participants were equipped with advanced tools and frameworks to navigate the complexities of today's financial markets, drive innovation, and lead effectively in a climate of digital transformation and organizational change. The sessions highlighted strategic foresight, decision-making, and the growing role of executive leadership in ensuring financial added: 'This graduation marks yet another significant milestone in KIB's journey toward realizing its vision of becoming the Islamic bank of choice in Kuwait. It reflects our long-term strategy to cultivate a highly skilled workforce that excels across all areas of Islamic banking, from Sharia-compliant financial services to exceptional customer service. By consistently investing in training and development, we enhance our service quality, drive operational performance, and build stronger, more lasting relationships with our customers. At the core of this progress are empowered employees, whose expertise forms the backbone of a distinctive and trustworthy banking experience.' It is worth noting that KIB's involvement in this program is part of its broader strategy to empower Kuwaiti talent and elevate the competencies of its leadership teams. In line with its dedication to social responsibility and the advancement of environmental, social, and governance (ESG) practices, the Bank remains committed to providing its employees with impactful learning experiences that support both institutional excellence and the broader vision of advancing Kuwait's financial sector.
Zawya
27-05-2025
- Business
- Zawya
KIB continues its efforts to boost banking security during Eid Al-Adha
Kuwait: As part of its ongoing commitment to the 'Let's Be Aware' (Diraya) campaign, Kuwait International Bank (KIB) is continuing, for the fifth consecutive year, its efforts to enhance banking security for its customers. The Bank is sharing a series of precautionary tips and guidelines across various communication channels to raise public awareness about financial security and fraud prevention—especially during the Eid Al-Adha holiday period. Commenting on KIB's efforts to support the campaign, which was launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in cooperation with local banks, Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department at KIB, said: 'The holiday period typically brings a surge in shopping, travel, and online activity, which is often accompanied by a sharp rise in fraud targeting bank cards and electronic transactions. That's why KIB is intensifying its efforts to raise customer awareness about the risks of cyber fraud and how to use bank cards safely, in order to safeguard their assets and personal data from theft, breaches, and other threats.' To safeguard banking transactions, Al-Suwaidan recommended that customers download the 'KIB Mobile' app and enable instant notifications or SMS alerts to stay updated on any activity related to their accounts and immediately report suspicious transactions. He also highlighted the importance of securely storing banking information, such as card numbers and OTPs, and never sharing them with anyone. In addition, he advised against the use of public Wi-Fi networks when accessing online banking services. He also emphasized that KIB never requests personal or confidential information from customers via email, text message, WhatsApp, or phone call. If such a request is received, he advised, it should be ignored and reported immediately. Al-Suwaidan explained that during holiday periods, common fraud tactics tend to surge, such as sending suspicious links via email or SMS that lead users to fake websites designed to steal personal and financial information. He also noted an increase in false advertisements and misleading offers related to chalet rentals. He emphasized the importance of carefully inspecting links received through unsolicited messages, verifying the sender's identity and website URLs, using secure payment methods, and avoiding the sharing of sensitive information over unsecured networks. KIB recognizes the importance of providing its customers with the knowledge and tools needed to protect themselves from fraudulent activities. As part of the 'Let's Be Aware' campaign, the Bank encourages customers to stay cautious and vigilant when conducting online transactions. KIB is also committed to equipping individuals with the awareness and skills necessary to navigate the digital world safely and confidently. Al-Suwaidan encouraged all customers to explore the resources offered through the 'Let's Be Aware' campaign, available on the Central Bank of Kuwait's website and across the communication channels of Kuwaiti banks. By staying informed and adopting safe online practices, individuals can effectively protect themselves from financial fraud and enjoy their holidays with confidence. It's worth noting that customers can reach KIB representatives 24/7 through multiple channels. These include the phone service available via the Customer Service Center at 1866866, the international number at +96522957300, and KIB's digital banking platforms—such as the 'Live Chat' and 'KIB Online' services on the website Customers can also connect through the video call feature on the 'KIB Mobile' app for smartphones or via WhatsApp on KIB's registered local number (1866866). All of these channels are designated for general inquiries related to the Bank's products and services throughout the year. About KIB Kuwait International Bank (KIB) is a bank that operates according to the Islamic Shari'ah, based in the State of Kuwait. Incorporated in 1973, and originally known as Kuwait Real Estate Bank, KIB made the transition to its current Islamic operating model in 2007. In 2018, KIB embarked on a new phase of its journey full of innovation and development. As part of its new strategic direction, the Bank focuses on offering a next-level customer experience under the slogan: 'Bank for Life'. Through a network of branches spread across the State of Kuwait, KIB offers a broad range of banking products and services, as well as innovative digital banking solutions in line with international best standards. As part of its duty towards the community, the Bank also encompasses a leading social responsibility program that aims at positively impacting all members of the community through a wide range of impactful initiatives and activities. Today, KIB has taken concrete steps in implementing its new strategic objectives. The Bank has cemented its role as a key player in the local banking industry and has continued to maintain its strong financial performance; enabling it to be globally recognized for its strong credit rating and financial position.
Al Bawaba
27-05-2025
- Business
- Al Bawaba
KIB continues its efforts to boost banking security during Eid Al-Adha
As part of its ongoing commitment to the 'Let's Be Aware' (Diraya) campaign, Kuwait International Bank (KIB) is continuing, for the fifth consecutive year, its efforts to enhance banking security for its customers. The Bank is sharing a series of precautionary tips and guidelines across various communication channels to raise public awareness about financial security and fraud prevention—especially during the Eid Al-Adha holiday on KIB's efforts to support the campaign, which was launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in cooperation with local banks, Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department at KIB, said: 'The holiday period typically brings a surge in shopping, travel, and online activity, which is often accompanied by a sharp rise in fraud targeting bank cards and electronic transactions. That's why KIB is intensifying its efforts to raise customer awareness about the risks of cyber fraud and how to use bank cards safely, in order to safeguard their assets and personal data from theft, breaches, and other threats.'To safeguard banking transactions, Al-Suwaidan recommended that customers download the 'KIB Mobile' app and enable instant notifications or SMS alerts to stay updated on any activity related to their accounts and immediately report suspicious transactions. He also highlighted the importance of securely storing banking information, such as card numbers and OTPs, and never sharing them with anyone. In addition, he advised against the use of public Wi-Fi networks when accessing online banking also emphasized that KIB never requests personal or confidential information from customers via email, text message, WhatsApp, or phone call. If such a request is received, he advised, it should be ignored and reported explained that during holiday periods, common fraud tactics tend to surge, such as sending suspicious links via email or SMS that lead users to fake websites designed to steal personal and financial information. He also noted an increase in false advertisements and misleading offers related to chalet rentals. He emphasized the importance of carefully inspecting links received through unsolicited messages, verifying the sender's identity and website URLs, using secure payment methods, and avoiding the sharing of sensitive information over unsecured recognizes the importance of providing its customers with the knowledge and tools needed to protect themselves from fraudulent activities. As part of the 'Let's Be Aware' campaign, the Bank encourages customers to stay cautious and vigilant when conducting online transactions. KIB is also committed to equipping individuals with the awareness and skills necessary to navigate the digital world safely and encouraged all customers to explore the resources offered through the 'Let's Be Aware' campaign, available on the Central Bank of Kuwait's website and across the communication channels of Kuwaiti banks. By staying informed and adopting safe online practices, individuals can effectively protect themselves from financial fraud and enjoy their holidays with confidence. It's worth noting that customers can reach KIB representatives 24/7 through multiple channels. These include the phone service available via the Customer Service Center at 1866866, the international number at +96522957300, and KIB's digital banking platforms—such as the 'Live Chat' and 'KIB Online' services on the website Customers can also connect through the video call feature on the 'KIB Mobile' app for smartphones or via WhatsApp on KIB's registered local number (1866866). All of these channels are designated for general inquiries related to the Bank's products and services throughout the year.
Al Bawaba
29-04-2025
- Business
- Al Bawaba
KIB emphasizes the importance of saving and investing as core elements of a secure banking experience
Kuwait International Bank (KIB) resumes its dedicated efforts at raising the level of financial awareness among its customers within the framework of its support for the financial awareness campaign "Let's Be Aware" (Diraya) and promoting banking culture among members of society. KIB emphasizes the importance of adopting a culture of saving and investing as a solid foundation for a secure and future-oriented banking experience. Additionally, the Bank seeks to educate customers about accessing its innovative products and services and utilizing its advanced digital channels specializing in investment, savings, and money this context, Abdullah Al Khamees, Senior Specialist, Internal Communications – Marketing and Corporate Communication at KIB, said: 'We are pleased to contribute to advancing the essential and important culture of saving and investing in Kuwait, as it represents a safe and sustainable path for future banking experiences. At KIB, we are always committed to enhancing our customers' saving skills, as well as maximizing the benefits of the investment products and tools we offer. This advanced approach reaffirms our commitment to empowering customers to increase their returns and savings rates, achieve their aspirations of educating their children, start personal projects, or enjoy a more comfortable and secure retirement.'He added: "KIB spares no effort in adhering to all the recommendations of the 'Let's Be Aware' campaign. Furthermore, we focus on innovating services and launching products that meet our customers' aspirations and fulfill all their needs regarding saving and investing. Examples include the investment deposit that provides substantial returns over specific periods, the investment fund for joint investments in stocks, Sukuk, and money markets, as well as savings accounts that allow withdrawals and deposits at any time, along with a wide range of other services and products."Among the key advantages available at KIB is the Dirwaza account, one of the latest savings accounts designed for individual customers. It is based on the Wakala principle. This account is the best of its kind, providing the highest returns among investment savings tools, with an expected annual return of up to 2% disbursed on a monthly basis. It is worth noting that KIB diligently strives to provide its customers with a smoother, more efficient, and secure banking experience that aligns with their modern lifestyles and supports its leading role in enriching the banking sector with solutions and products. This is backed up by the Bank's comprehensive strategy which is focused on offering a more advanced and luxurious experience, reflecting its main slogan, 'Bank for Life'.
Al Bawaba
14-04-2025
- Business
- Al Bawaba
KIB promotes financial literacy at "FunFest" and showcases its products and services to visitors
Kuwait International Bank (KIB) recently set up a special booth at Souq Sharq's waterfront during the FunFest event, with the aim of promoting banking awareness and financial literacy among festivalgoers. The initiative is part of KIB's ongoing support for the 'Let's Be Aware' campaign, launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in collaboration with local banks. It also underscores the Bank's commitment to guiding customers in making informed financial decisions and protecting the security of their banking data. Commenting on the initiative, Sultan Alhajri, Area Manager of Retail Banking at KIB, said: 'Our participation in the FunFest event reflects our deep commitment to social responsibility and to building strong relationships with our customers and the community. KIB aims to always be a trusted partner in helping community members achieve their financial goals and enjoy a secure, stable financial life.' Alhajri added: 'By participating in events like FunFest, we aim to provide valuable insights into essential financial concepts and raise public awareness about best banking practices. This includes guiding attendees on managing their finances, protecting their banking information, safely using bank cards, and securing their accounts. We also highlight the steps needed to avoid fraud and phishing scams, while encouraging a culture of saving and investing. Our representatives also used the opportunity to shed light on the role of financial institutions—particularly in Islamic financing—and to introduce visitors to our wide range of innovative products and services designed to enhance their experience and meet their diverse needs.' It is worth noting that KIB continues to strengthen its role as a trusted financial partner, committed to raising public awareness on key banking topics in line with its comprehensive social responsibility strategy. The Bank constantly seeks to launch initiatives that promote financial literacy and support the objectives of the 'Let's Be Aware' campaign, embodying its corporate slogan 'Bank for Life'.
