Kuwait, 28 September 2024: Kuwait International Bank (KIB) is proud to announce that its esteemed Chairman Sheikh Mohammed Jarrah Al-Sabah has for the fifth time been presented with the prestigious “Lifetime Achievement in Islamic Banking and Dedication to the Community 2024” award by World Finance magazine. This distinguished recognition, announced as part of the magazine’s 2024 Islamic Finance Awards program, celebrates Al-Jarrah’s visionary leadership, innovative strategies, and relentless dedication to advancing Islamic finance principles.

Al-Jarrah was awarded the prestigious honorary title for his entrepreneurial acumen, exceptional leadership, and relentless efforts to advance both the Islamic banking industry and the well-being of the communities the Bank serves. World Finance commended him for upholding the principles of Islamic finance and propelling KIB to new heights, all while profoundly impacting the broader community. According to the magazine, Al-Jarrah’s dedication to social responsibility and community development reflects his deep-rooted values and vision for a better society.

The Chairman expressed his gratitude for the recognition, stating: “I am honored to receive this award yet again, and would like to thank World Finance for recognizing the significant strides we have made in promoting Islamic banking and contributing to the betterment of our community. This accolade is a testament to the hard work and dedication of the entire team at KIB, and I remain committed to steering this journey of excellence and service.”

Al-Jarrah has served as Chairman of KIB since 2010 and has been a driving force for the Bank’s growth and its leading role in Kuwait since then. Throughout his tenure, Al-Jarrah has championed numerous initiatives aimed at fostering financial inclusion, supporting small and medium-sized enterprises (SMEs), and promoting sustainable development. Under his guidance, KIB has achieved remarkable growth, introduced pioneering products, and consistently upheld the highest standards of Sharia-compliant banking.

The latest accolade further solidifies KIB's position as a leading institution in the Islamic finance landscape. The Bank remains committed to continuing its mission of providing exceptional Islamic banking services while making a positive difference in the community.

It serves to note that the London-based World Finance magazine is one of the leading and most prominent global media platforms specializing in financial and economic news coverage. It continues to present its annual Islamic Finance Awards with diverse categories to celebrate industry leaders and renowned personalities.