Boubyan Bank Wins Best Islamic Digital Banking Award
Boubyan Bank was named World's Best Islamic Digital Bank for the tenth consecutive year, while modernising its core with Temenos and launching Banking as a Service - earning our Best Islamic Digital Banking Award.
25 November 2024, Kuwait City: We are pleased to present the Best Islamic Digital Banking Award to Boubyan Bank.
Islamic banking is one of the fastest-growing segments in global finance, and digital innovation within this space carries unique complexity - from Sharia-compliant product structures to the requirement for transparent, ethical financial services. Boubyan Bank has risen to this challenge more convincingly than any of its peers.
In October 2024, Boubyan Bank was recognised by Global Finance as the World's Best Islamic Digital Bank for the tenth consecutive year. A decade of sustained leadership in any category is exceptional. Boubyan has achieved this through consistent investment in its digital platform, including the Msa3ed AI chatbot and a continuous pipeline of digital product launches.
What we find particularly noteworthy is that Boubyan hasn't simply maintained its position - it has continued to evolve. In 2024, the bank also selected Temenos to modernise its core banking systems on an open, cloud-native architecture, and launched a Banking as a Service (BaaS) platform for fintechs. These are forward-looking investments that position the bank for the next decade, not just the next year.
Boubyan Bank is demonstrating that Islamic banking and digital innovation are not just compatible - they're a natural fit. We congratulate the team on this well-deserved recognition.
Visit Boubyan Bank to learn more.
Assigned by Sebastien Parker, Senior Research Analyst, Global Banking Monitor, 25 November 2024
