Warba Bank wins IFN award

Kuwait—Warba Bank, the fastest-growing Bank in Kuwait which offers a range of banking and investment services compatible with Islamic Sharia on local and international level, won two annual awards from the magazine “Islamic Finance News” (IFN). The first prize is the “Best 2015 structural funding” which resulted from the acquisition of a portfolio with Al Mulla global company of a deal totaling KD20 million, equivalent of $66 million. The deal reflected the extraordinary commitment of the Bank to providing innovative financial solutions and compatible with the provisions of the Islamic Sharia as studies met with strategic expansion plan approved by the World Bank at the local and regional levels.
The second prize earned by Warba Bank is the “Best Deal in Kuwait for 2015”, for its participation along with other local, regional and int’l banks and financing institutes, in the huge financing deal for the National Industries Group with the value of KD 105 million for a 3 years’ period.—Agencies

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