Services Offered :Personal Banking : Telephone Banking, Internet Banking, Credit cards, Utility payments, Fund Transfer, safety deposit, current account, Banking Service for women, Travellers' Checks and more
Services Offered :CBK started operating on the 1st of April 1969 as specified in Article 15 of Law No. 32 of 1968. Its objectives are:
to exercise the privilege of the issue of currency on behalf of the State
to endeavor to secure the stability of the Kuwaiti currency and its free convertibility into foreign currencies
to direct the credit policy to assist social and economic progress and increase national income
to supervise the banking system in the State of Kuwait
to serve as Banker to the Government
to provide financial advice to the Government
Services Offered :The Bank’s business covers all banking services, of which, acceptance of deposits, exercising various Islamic financing transactions, carrying out direct investment transactions, issuing letters of credit (LCs), letters of guarantee (LGs), incorporation of companies, management of properties to the account of third parties and the purchase of lands and real properties.
In its present capacity as an Islamic banking institution, the Bank provides its customers with Islamic banking transactions which cover several Islamic products and solutions, e.g., Tawaruk, Wakala in Investment, Murabaha (auto, real properties, commodities) Lease-to-Own (Ijarah Muntahia Bittamleek), and Istisna’a.
At present, the Bank employs 487 staff and it has nine branches in all areas in the State of Kuwait.
It\'s services are listed :
Retail Banking
Commercial Banking
International Banking
Property Management
Underwriting (Equity and Other Financing)
Private Equity (Structuring, Partcipation and Fund Management)
Advisory Service (Capital Market and Mergers and Acquisitions)
Project Financing and Investments
Investment
Structuring, Underwriting & Participation
Fund Development, Underwriting & Management
Placement
Direct Investments
Ithmaar-developed & managed funds
Third party placements
Islamic Finance
Debt Advisory
Debt Arrangements
Debt Capital Markets
Project Financing and Investments
Group Business Development
New Business Development for Ithmaar Bank and its subsidiaries and affiliates.
Institutional and VIP client relationship management
Intra-group linkages
Mergers & Acquisitions
Comprehensive global M&A advisory services, from strategy through to execution, across all industry sectors and for all types of corporate transactions, including acquisitions, divestitures, buy-outs, IPOs, joint ventures and alliances
Identification of opportunities, targets and counterparties
Project management of the transaction process, including planning and evaluation of transactions and feasibility studies
Advice on transaction structuring
Guidance with the negotiation of letters of intent, detailed terms of transactions and sale & purchase agreements
Running competitive tenders for sell-side mandates
Restructuring and post-merger integration advice
Financial Institutions & Treasury : Shamil Bank has established a strong position in structured finance as arranger and lead manager of structured Islamic transactions on club deal basis or in large syndicates with leading regional banks, with special emphasis on the GCC markets.
The Bank offers experience and leadership not only in the application of Islamic financial modes such as Morabaha, Ijara, Istisna, and Sukuk, ranging from simple trade transactions to sophisticated project finance, but also to act as advisor and Islamic structure agent.
Investement Banking The Investment Banking (“IB”) has set a mission to provide attractive investment opportunities, packaged in Sharia’a-compliant products, in an efficient, timely and diligent manner for placement with the investors’ community. Towards this goal, IB applies a research driven approach to proactively originate and structure customized investment banking solutions to the ever-growing needs of its client network.
Private Banking The Private Banking unit promotes Sharia’a compliant global private banking products and provides client-focused quality services to high net worth individuals and institutions. The product range includes: real estate investments; mutual funds; structured products and private equity investments.
Islamic Core Banking System Innovation is a conviction at Shamil Bank – a fact amply evident in our chronology of new products and upgrades to serve you better. Furthering our quest to bring you faster and better banking solutions, we have implemented an advanced Islamic Core Banking System effective 1st April 2007. It means that we are now an even better Bank for our customers.
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