Warba Bank is a Kuwaiti Islamic bank established on September 15, 2009 by a decision of the Council of Ministers, with a capital of 100 million Kuwaiti dinars, where the Kuwait Investment Authority owns 24% of the shares, while 76% belongs to shareholders. The bank was listed on the Kuwait Stock Exchange in 2010. At the end of 2016, the bank's profits increased by nearly 158 percent, reaching KD 2.575 million (USD 8.45 million). In 2014, the bank won the “Best Emerging Bank in the Middle East” award, and in 2016, Warba Bank won the “Bank of the Year in Kuwait” award.
