KIB’s retail banking app ‘KIB Mobile’ gets a new look

Press release
Published August 23rd, 2023 - 06:41 GMT

KIB’s retail banking app ‘KIB Mobile’ gets a new look
With customized benefits and integrated banking services in one platform

Kuwait International Bank (KIB) announced the relaunch of its digital platform, KIB Mobile, dedicated to personal banking customers. The revamped application comes as part of the Bank’s comprehensive digital strategy, which includes introducing new services and products that keep pace with the digitization process and its developments in the banking sector. This step emphasizes KIB’s continuing efforts toward improving the banking experience for all customer segments, as an embodiment of its main slogan ‘Bank for Life’.
Commenting on KIB’s advanced step, Othman Tawfeqe, Retail Banking Department General Manager at KIB, said: “We have been making significant and continuous efforts to reach this vital stage which underpins the most fundamental aspects of KIB customers' lives. Today, we are proud of the success of this unique banking initiative. It reflects the Bank’s culture, long-term vision, and constant keenness for achievements that are in step with the latest developments and innovations in the world of banking services and products designed for individual customers. This step also embodies KIB’s continuous commitment to its digital transformation strategy while providing a unique and comprehensive banking experience.”
Tawfeqe elaborated that KIB Mobile has been completely revamped to become easier, more adaptable, and safer to use with various features incorporated. The application ensures customers enjoy an exceptional, modern banking experience through comprehensive access to financing details, payment schedules, account management, banking cards, and investments in one place. He said that the digital platform allows customers to manage their financial portfolio and make smarter and faster decisions, in addition to quick services such as bank transfers, payments, and managing beneficiary lists. Among the many features is the KIBPay service, which enables customers to request payments, refill accounts and split bills with ease. 
Once a KIB customer registers on the platform, Tawfeqe highlighted, they can start benefiting from the best digital rewards program in Kuwait. Through KIB Mobile, they can earn points for banking and shopping operations and redeem them for a wide range of electronics, purchase vouchers, ticket reservations and much more.
It is worth noting that KIB constantly strives to offer advanced digital banking solutions that suit the lifestyle of its customers. The Bank continues its journey of innovation and change through its new strategy that focuses on providing a more advanced and rich experience to its customers, driven by its main slogan ‘Bank for Life’. 

Background Information

Kuwait International Bank

KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company.  It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank. 
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.

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