Search
Clear
Search
Warba Bank, one of Kuwait’s leading Islamic banks, announced its financial results for the first half (H1) of 2025, demonstrating continued strong performance and sustainable growth that began with the Bank’s establishment. Over the past 15 years, Warba has turned a bold vision into tangible achievements. The results reflect the successful execution of a comprehensive strategy that combines planned expansion, investment in advanced technologies and a strong focus on community impact, all aligned with the Bank’s vision to build a brighter future under its slogan: “Let’s Own Tomorrow.”
Warba Bank posted a 121% growth in net profit for H1 2025, recording net profit of KD 20.7 million, the equivalent of [06] fils per share, compared to KD [9.4] million or [3.22] fils per share in the same period last year.
Warba reported a net profit of KD 20.7 million for H1 2025, up 121% compared to KD 9.4 million in the same period last year. Earnings per share reached 6 fils, compared to 3.22 fils in H1 2024.
These results reflect the continued and sustainable growth of the Bank since its establishment, doubling its earnings and asset value over the years.
This growth was also supported by a 770% increase in net investment income, which reached KD 14.6 million as of June 30, 2025, up from KD 1.7 million in H1 2024. Net fees and commissions also rose by 65% to KD 6.2 million as of June 30, 2025, compared to KD 3.8 million in H1 of the previous year.
As for key financial indicators, Warba Bank reported a 20% growth in total assets, reaching KD 6.1 billion. Customer deposits stood at KD 3.4 billion as of June 30, 2025, representing a 20% increase. Total shareholders’ equity rose to KD 799 million as of June 30, 2025, up from KD 322 million at the end of June 30, 2024. Debt receivables rose to KD 3.9 billion, up 9% from KD 311 million in June 30, 2024.
Commenting on the results, Chairman of Warba Bank Mr. Hamad Musaed Al-Sayer, stated: “When Warba Bank was launched in 2010, we had a clear vision: to build a leading Islamic financial institution that blends tradition with innovation. Today, 15 years later, we are proud of the results that put Warba among the region’s financial leaders. These achievements reflect the successful execution of our strategy, particularly in digital transformation and regional expansion, while maintaining our unwavering commitment to Sharia compliance, governance and risk management.”
He added: “We take pride in what we have achieved during the first half of the year, most significantly the historic 100% capital increase that resulted in the largest rights issue in Kuwait’s history. This milestone highlights our shareholders’ trust in the Bank’s performance and future direction. Additionally, the signing of an MoU with Gulf Bank to study a potential merger represents a strategic leap toward creating a strong Islamic banking entity with regional and global competitiveness. Our balanced strategy, combining sustainable growth, innovation and social impact, is what truly sets Warba apart and places us ahead in the Islamic banking sector. Our journey since 2010 has been filled with challenges and achievements alike, and today, we’re more than ever ready to continue our growth and expansion journey for the decade to come.”
Q2 2025 marked several key achievements for Warba Bank. The Bank successfully completed a 100% capital increase, launched in April 2025, which resulted in the issuance of 2,183,600 new shares. The response to the rights issue reflected strong investor confidence in the Bank’s future outlook.
The capital increase aims to bolster the Bank’s capital base, ensure liquidity for upcoming expansion plans and support its vision of becoming a leading Islamic financial institution in the region.
In parallel, Warba successfully issued and settled US$250 million in perpetual, non-call 5.5-year Additional Tier 1 (AT1) Sukuk on May 20, 2025. The issuance was jointly managed by ENBD Capital and Standard Chartered Bank and received strong demand from both regional and international investors, reinforcing confidence in the Bank’s financial stability and future growth potential.
In a strategic step to enhance competitive positioning, Warba Bank and Gulf Bank signed an MoU and confidentiality agreement on June 15, 2025, to conduct a feasibility study on a potential merger between the two institutions, aligning with Warba’s long-term growth strategy.
Throughout Q2 2025, Warba Bank continued to build its digital footprint and expand its portfolio of innovative banking services. Key initiatives included major upgrades to its mobile banking app, introducing new features to improve user experience and transaction security in a fast-changing world.
The Bank also launched “Wamd Plus,” a real-time money transfer service, offering customers 24/7 instant transactions with enhanced efficiency.
On the expansion front, Warba opened new branches in key strategic areas, delivering a seamless banking experience that combines digital convenience with traditional services. The Bank also strengthened its partnerships with regional and international financial institutions to broaden service offerings and boost competitiveness.
On the investment front, Warba launched a new Sharia-compliant investment fund targeting high-growth sectors in regional and global markets. This initiative supports portfolio diversification and opens up new opportunities for customers.
The Bank also managed and structured several major financing deals for prominent regional institutions, reinforcing its reputation as a key player in Islamic finance. These deals received recognition from global financial bodies, further enhancing Warba’s standing in the international arena.
Warba also earned multiple prestigious awards from global institutions in recognition of its excellence in digital innovation, Islamic finance and sustainability. Notably, the Bank received “Best Islamic Bank in Digital Innovation” and “Excellence in Sustainable Banking” awards, affirming its industry leadership.
Demonstrating its commitment to sustainability and community engagement, Warba launched several impactful initiatives in Q2 2025. Among them was the “Plant It for Free” campaign, aimed at expanding green spaces in Kuwait by planting trees in urban and desert areas, with support from employees and community volunteers.
The Bank also continued its efforts to reduce its carbon footprint by integrating renewable energy sources across its facilities and adopting eco-friendly policies. Warba further contributed to global climate action by financing clean energy projects across several countries.
These initiatives reflect the Bank's unwavering commitment to sustainability and social responsibility, which have been an integral part of its identity since its inception. Warba believes that true success is measured not only by profits and financial growth, but also by the positive impact it leaves on society and the environment.
Commenting on the Bank’s financial performance and operational achievements, Mr. Shaheen Hamad Al-Ghanem, Chief Executive Officer of Warba Bank, stated: “When we began our journey, we set an ambitious roadmap to build a leading Islamic financial institution that combines authenticity and innovation. Today, we are proud of our achievements, which place Warba Bank among the leading financial institutions in the region.”
He said: “Our Q2 results reflect the success of our strategy to drive sustainable and inclusive growth, which is built on a foundation of innovation, operational excellence and a strong ESG commitment. We’ve made significant strides in diversifying our income streams, strengthening our investment portfolio and maintaining a solid financial position.”
He added: “The success of our 100% capital increase and the issuance of US$250 million in AT1 Sukuk are strong testaments to investor confidence and will empower us to pursue our ambitious expansion strategy. The MoU signed with Gulf Bank to explore a potential merger is another strategic milestone in our journey to create a leading Islamic banking entity that is able to compete regionally and globally.”
Al-Ghanem concluded: “We remain committed to investing in digital transformation and enhancing our service ecosystem to exceed customer expectations. At the same time, we reaffirm our commitment to sustainability and community impact through innovative initiatives that build a better future. Backed by a bold vision, an exceptional team and a strong base of shareholders and customers, Warba Bank is on a steady path of success, innovation and leadership in shaping the future of Islamic banking.”
Warba Bank has achieved significant success in a short period, positioning itself as a leader in Islamic digital banking services. It is one of the local banks with the largest number of shareholders, making it accessible and close to all segments of society. This milestone further reinforces Warba’s position as a trusted banking partner that combines innovation with social responsibility to deliver best-in-class financial services and products.
