Kuwait International Bank (KIB) announced the official launch of its investment arm, KIB Invest Company (KIB Invest), to practice Islamic investment activities.

The new company will provide a comprehensive range of investment solutions designed to meet the evolving needs of customers, thanks to a specialized team with extensive experience in local, Gulf and global markets.

On this occasion, the Chairman of the Bank’s Board of Directors, Sheikh Mohammed Al-Jarrah, stated: “We are pleased to officially launch KIB Invest, this step comes as part of KIB’s strategy to strengthen its leadership position in the market. We aim to meet the growing demand for integrated and diversified Islamic investment solutions.”

Al-Jarrah added: “Through KIB Invest, we look forward to being at the forefront of Islamic investment solutions providers , responding to the growing demand for these services.”

For his part, Chairman of KIB Invest, Anwar Bukhamseen, affirmed the company’s commitment to providing innovative investment products that are compatible with Islamic Sharia, saying: “We aim to provide solutions that are specifically designed to meet the changing needs of our clients, including asset management, fund and portfolio management, in addition to investment advisory services.