Boubyan Group 2020 Sustainability Report
Boubyan Group, that includes Boubyan Bank, Boubyan Capital, Boubyan Takaful, Boubyan National and the Bank of London and the Middle East, operates with diligent adherence to the core values that define its business vision, strategy and culture across its various lines of activities. The Group’s performance and growth indicators are gauged in light of the sustainability, environment, social and governance aspects that reflect our resolute commitment to these essential foundations of our business practices.
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Boubyan Bank is the first Islamic bank to be established in the state of Kuwait as per the Law of Islamic Banks no. 33 of 2003. The Bank was established as a Kuwaiti Public Shareholding Company on September 21st 2004 by virtue of the Amiri Decree no. 88 to practice all banking, financial and commercial activities in compliance with the provisions of the Noble Islamic Sharia.
Boubyan Capital is a Shariah-Compliant investment company based in Kuwait. The company provides asset management, brokerage and robo advisory services to institutions and high net worth individuals in addition to managing the propriety investments of the Boubyan Bank Group.
Established in 2006 with an authorized capital of 10 million Kuwaiti Dinars, Boubyan Takaful Insurance Company holds insurance license number 34 and is licensed to provide wide range of Insurance products under all classes of business; Motor, Fire & General Accident, Engineering & Liabilities, Marine & Aviation, Family Takaful & Medical; all on the basis of Takaful insurance in line with Islamic principles under the supervision of our Shari'a Board.
Boubyan National Real Estate Services Company is a Kuwaiti Limited Liability Company established in accordance with the provisions of the Kuwait Companies Law. Its paid up capital upon establishment was 1 million Kuwaiti Dinars. The company was established in 2008 and is working in accordance to the Islamic Shari’a and applying the Islamic teachings in all its transactions.