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Warba Bank reaffirmed its commitment to Sharia and professional standards in the field of Sharia auditing, as the 9th Shura–AAOIFI Sharia Audit Conference concluded in Kuwait with the participation of leading experts and specialists from within Kuwait and abroad. The Bank’s participation comes as part of its ongoing efforts to support and align with the latest regulatory and professional developments in the Islamic financial sector, while underscoring its role as a leading institution in promoting governance and Sharia compliance.
Speaking of the conference, Executive Director of the Sharia Management at Warba Bank, Abdullah Abdul Rahim Fakhro, emphasized that the Bank’s participation in this specialized event falls within its broader strategy of strengthening the Sharia audit profession and aligning its practices with evolving regulatory frameworks.
He stated: “We highly value the in-depth discussions held during the conference, particularly those focused on enhancing integration between regulatory bodies and Sharia audit practices, and on the role of technology in improving efficiency. At Warba Bank, we remain firmly committed to implementing the standards set by leading bodies such as AAOIFI and other regulatory authorities. This ensures the soundness of our banking operations, protects the rights of our clients and stakeholders, and enables us to deliver services that are fully compliant with Islamic Sharia.”
Fakhro added: “We see this conference as an important scientific platform that supports the development and unification of professional practices in Sharia auditing. It contributes to improving the efficiency of the Islamic financial sector and aligns perfectly with Warba Bank’s vision, which blends Sharia knowledge, digital progress, quality, and security in service delivery.”
He noted that Warba Bank’s sponsorship of the event is part of its ongoing commitment to investing in specialized knowledge and reinforcing its role in building a dynamic and transparent Islamic banking sector grounded in governance, quality and compliance.
He affirmed that through this participation, Warba Bank continues to support initiatives that combine innovation with Sharia adherence, reflecting its role as a responsible financial institution that prioritizes the development of the Islamic banking environment and being fully aligned with its guiding slogan: "We Hear You, Let’s Own Tomorrow." This commitment continues to strengthen the trust the Bank has earned from its customers and shareholders over the years.
The conference, held under the theme “Sharia Auditing between Reinforcing the Profession and Expanding New Horizons,” explored several key topics, including licensing mechanisms for the Sharia audit profession, integration between external Sharia auditors and Sharia supervisory boards, the role of artificial intelligence in advancing audit and consulting services, and applications of Sharia auditing in the Takaful insurance sector and charitable and humanitarian organizations.
The event concluded on April 15, 2025, and was organized by Shura Sharia Consulting in cooperation with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
If featured speakers and experts from leading financial and regulatory institutions, government entities from Kuwait and abroad, and a broad audience of Sharia audit professionals. It offers a unique opportunity for the exchange of insights and best practices that can help raise performance standards across Islamic financial institutions.
Guided by its slogan, “We Hear You, Let’s Own Tomorrow,” Warba Bank is committed to redefining the future of Islamic banking through innovative services, a superior customer experience, and a sustainable, inclusive financial system. As one of the fastest-growing Islamic banks in Kuwait and one with the largest local shareholder bases, Warba Bank continues to embrace excellence, sustainability, and innovation, strengthening its role as a trusted partner for individuals and businesses alike.
