Boubyan Bank

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Boubyan Bank
Native name
بنك بوبيان
TypePublic
Kuwait Stock Exchange
IndustryFinancial services
Founded2004
HeadquartersKuwait City, Kuwait
Key people
Abdulaziz Abdullah Al-Shaya (Chairman)

Adel Abdul Wahab Al-Majed (Vice-Chairman & Group CEO)
Abdullah Abdulkareem Al-Tuwaijri (CEO - Consumer, Private, and Digital Banking)

Abdul-Salam Mohammed Al-Saleh (CEO - Corporate Banking, Financial Control, Treasury and Legal Affairs)
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, Murabaha, private banking, savings
Websiteboubyan.bankboubyan.com

Boubyan Bank is an Islamic Bank in Kuwait established in 2004.[1] 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, benefiting from its relation with National Bank of Kuwait, 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 includes accepting deposits, establishing investment funds, and trading in real estate. The Bank deals with all types of Islamic transactions, including:

Boubyan Bank Subsidiaries[edit]

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%)

[2]

Board of Directors[edit]

Board of Directors[3]
Name Role Year of Joining
Abdulaziz Abdullah Al-Shaya Chairman 2009
Adel Abdul Wahab Al-Majed Vice-Chairman & Group Chief Executive Officer 2009
Adnan Abdullah Al-Othman Director (Non-Executive) 2016
Fahad Ahmad Al-Fouzan Director (Non-Executive) 2020
Hazim Ali Al-Mutairi Director (Non-Executive) 2010
Mohamed Yousef Al-Saqer Director (Non-Executive) 2019
Waleed Mishari Al-Hamad Director (Non-Executive) 2010
Waleed Ibrahim Al-Asfour Director (Non-Executive) 2019
Waleed Abdullah Al-Houti Director (Non-Executive) 2019
Syed Imran Azhar Ali Director (Independent) 2021
Waleed Humoud Al-Ayadhi Director (Independent) 2021

Executive Management[edit]

Executive Management[4]
Name Role Year of Joining
Adel Abdul Wahab Al-Majed Vice-Chairman & Group Chief Executive Officer 2009
Abdullah Abdulkareem Al-Tuwaijri Chief Executive Officer - Consumer, Private, and Digital Banking 2011
Abdul-Salam Mohammed Al-Saleh Chief Executive Officer - Corporate Banking, Financial Control, Treasury and Legal Affairs 2012
Waleed Khalid Al-Yaqout Group General Manager - Administration Group 2010
Adel Abdullah Al-Hammad Group General Manager - Human Resources Group 2006
Abdullah Ahmed Al-Mehri Chief Operating Officer 2019
Ashraf Abdallah Sewilam Group General Manager - Corporate Banking Group 2013
Abdul Rahman Hamza Mansour Chief Internal Audit - Internal Audit Group 2006
Mohamed Ibrahim Ismail Group General Manager - Financial Control Group 2005
Majed Fanous Chief Risk Officer – Risk Management Group 2018
Adel Rashed Al-Mutairi Treasurer - Treasury Group 2015

Shariah Committee[edit]

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

Shariah Committee[5]
Name Role
Sheikh Dr. Abdulaziz Khalifa Al-Qasar Chairman
Sheikh Dr. Esame Khalaf Al-Enezi Member
Sheikh Dr. Mohammed Awad Al-Fuzaie Member
Sheikh Dr. Ali Ibrahim Al-Rashid Member

External links[edit]

References[edit]

  1. ^ "About Us | Boubyan Bank".
  2. ^ "Boubyan Group | Boubyan Bank".
  3. ^ "Board of Directors | Boubyan Bank".
  4. ^ "Executive Management | Boubyan Bank".
  5. ^ "Shariah Committee | Boubyan Bank".