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'.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
4 days ago
- Al Bawaba
KIB Group, represented by KIB Invest, serves as Joint Lead Manager in Boubyan Bank's USD3 billion sukuk issuance
Kuwait International Bank (KIB) Group announced that its investment arm, KIB Invest, successfully participated as a Joint Lead Manager (JLM) in the issuance of senior unsecured U.S. dollar-denominated sukuk with a five-year maturity, issued by Boubyan Sukuk Limited on behalf of Boubyan issuance, structured according to Wakala and Murabaha principles and valued at USD 500 million, is part of Boubyan Bank's USD 3 billion Trust Certificate Issuance Program. It garnered strong interest from both regional and international investors, reflecting solid confidence in Kuwait's Islamic financial and banking issuance is supported by Boubyan Bank's strong credit ratings from leading global agencies, including an 'A2' rating from Moody's and an 'A' rating from both Standard & Poor's (S&P) and on the occasion, Jamal Al Barrak, CEO of KIB Invest, said: 'We are pleased to have participated in this successful joint issuance. KIB Invest's involvement reflects the market's confidence in our Sharia-compliant investment instruments, as well as the trust placed in us by investors and stakeholders across both regional and global markets.'Al Barrak also highlighted that KIB Invest is strategically advancing its regional and international expansion by actively participating in high-profile transactions. He affirmed the company's commitment to delivering Sharia-compliant investment solutions through a growing platform, supported by a team of experts and aligned with international standards in Islamic her part, Ma'ab Mohammed Al Qassem, General Manager of International Banking and Financial Institutions at KIB, expressed her appreciation to Boubyan Bank for their confidence in the capabilities and expertise of KIB Invest's team. She noted that the selection of KIB's investment arm for this landmark issuance underscores the strength of relationships among local banks and sets the stage for deeper partnerships within Kuwait's Islamic banking added: 'This transaction also highlights KIB's ongoing support for local banks and its role in empowering regional financial institutions through strategic partnerships that enhance access to capital markets.'Al Qassem further reaffirmed KIB's commitment to fostering the growth of capital markets through innovative, Sharia-compliant solutions designed to deliver strong long-term investment sukuk issuance was jointly arranged by HSBC, Standard Chartered, and Citibank as global coordinators. In addition to KIB Invest, a number of prominent regional financial institutions also participated in managing the issuance, including Arab Banking Corporation, Boubyan Capital Investment Company, KFH Capital Investment Company, Warba Bank, Dubai Islamic Bank, SMBC Bank International, and the Islamic Corporation for the Development of the Private Sector. It is worth noting that KIB, through its investment arm KIB Invest, continues to solidify its position in the debt capital markets, driven by deep market expertise, disciplined execution, and a specialized team dedicated to providing Sharia-compliant financial solutions tailored to the needs of sovereign and institutional clients across the region.
Al Bawaba
12-06-2025
- Al Bawaba
KIB sponsored Ishraqat Amal 10 Festival and was awarded for its community contribution
In line with its comprehensive social responsibility strategy, Kuwait International Bank (KIB) sponsored the 10th edition of the Ishraqat Amal Festival, organized by the Commercial Real Estate Company (Al-Tijaria). The event witnessed broad official and diplomatic attendance, alongside representatives from sectors and organizations advocating for people of determination. During the festival, KIB was honored with a commemorative shield by the organizers in recognition of its active contribution and continued support for the success of this humanitarian participation in the festival reflected its commitment to being a genuine partner in advancing the values of solidarity and inclusion for people of determination. The Bank hosted a dedicated booth at the event, drawing strong interest from visitors and participants, and serving as a platform for direct engagement with the public and for conveying KIB's meaningful community-driven on the occasion, Marwah Maarafi, Corporate Communication Manager at KIB said: 'We are proud to take part in the Ishraqat Amal Festival, which embodies our continued commitment to supporting meaningful community initiatives. This effort aligns with the Bank's vision of advocating for impactful humanitarian causes and promoting the values of inclusion and empowerment for people of determination. At KIB, we believe in the importance of being an active partner in all initiatives that strengthen social cohesion and foster a culture of giving and shared responsibility within our community.'The Ishraqat Amal event is a leading humanitarian event that celebrates the talents of people of determination and provides them with a platform to showcase their abilities and creativity through meaningful artistic, cultural, and recreational activities. The 10th edition of the festival saw a strong turnout and inspiring participation, emphasizing the importance of perpetuating such impactful initiatives. It is worth noting that KIB's sponsorship of such events reflects its unwavering devotion to supporting initiatives that demonstrate its genuine concern for social issues. This also underscores the Bank's dedication to fulfilling its national and humanitarian role, constantly striving to make a positive and lasting impact on Kuwaiti society, in alignment with its main slogan, 'Bank for Life'. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Jordan News
11-06-2025
- Jordan News
World Bank Lowers Global Growth Forecast by 0.4% - Jordan News
World Bank Lowers Global Growth Forecast by 0.4% On Tuesday, the World Bank downgraded its global growth forecast for 2025 by 0.4 percentage points, to 2.3%, citing rising tariffs and increasing uncertainty as 'major obstacles' facing nearly all economies. اضافة اعلان In its semi-annual Global Economic Prospects report, shared by CNBC, the Bank lowered growth expectations for nearly 70% of all economies, including the US, China, Europe, and six emerging market regions, compared to forecasts made six months prior to President Donald Trump's inauguration. While the Bank no longer predicts a recession, it stated that global economic growth this year will be the weakest outside recession periods since 2008. By 2027, the average global GDP growth is expected to be only 2.5%, the slowest pace for any decade since the 1960s. The report forecasts global trade growth at 1.8% in 2025, down from 3.4% in 2024 and about one-third of the 5.9% average in the 2000s. These projections assume existing tariffs as of late May, including a 10% US tariff on imports from most countries, excluding tariff increases announced by Trump in April but delayed until July 9 to allow negotiations. The Bank also expects global inflation to reach 2.9% in 2025, remaining above pre-COVID levels due to tariffs and tight labor markets. The Bank emphasized that risks to the global outlook remain heavily skewed to the downside. Models show that an additional 10 percentage point increase in average US tariffs, on top of the existing 10%, along with proportional retaliatory measures by other countries, could further reduce 2025 forecasts by 0.5 percentage points. Such a trade escalation would lead to 'a halt in global trade in the second half of this year, accompanied by widespread collapse in confidence, increased uncertainty, and financial market turmoil.' — (Petra)
