Kuwait · Financial institution
Warba Bank
Legal name in the LEI recordWarba Bank (K.S.C.P)
Warba Bank (K.S.C.P) is a Kuwaiti public shareholding company headquartered in Kuwait City. It was established by Amiri Decree on 17 February 2010 and was entered in the Central Bank of Kuwait's Register of Islamic Banks on 7 April 2010. Its shares are listed on Boursa Kuwait, and it names the Public Institution for Social Security as one of its main shareholders. It provides Sharia-compliant retail, corporate, business and investment banking and asset management services. In April 2025 it bought Alghanim Trading Company, which owns 32.75% of Gulf Bank.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- WRBAKWKWXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under WRBAKWKW directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2010-08-07
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Publicly listed
Ticker WARBABANK
Institution type
Islamic bank
Trades as Warba Bank
- Standing
- Warba Bank and Gulf Bank have been studying a possible merger since May 2025. As of mid-2026 due diligence was still under way and no merger had been completed.
- Ownership
- The bank is listed on Boursa Kuwait and names the Public Institution for Social Security as one of its main shareholders.
- Stock listing
- Boursa Kuwait WARBABANK
- Head office
- Arraya Tower M1, Omar Ibn Al Khattab Street, Sharq (P.O. Box 1220, Safat), 13013 Kuwait City, Kuwait
- Name in the local language
- بنك وربة (ش.م.ك.ع)
Business lines
All of the bank's products are Sharia-compliant, and it describes itself as a leader in Islamic digital retail solutions.
Online
- Websites & references
- warbabank.com ↗
online.warbabank.com ↗ personal online banking
corp.warbabank.com ↗ corporate online banking - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
Sources · 17 pages consulted
- warbabank.com/
- warbabank.com/english/about
- warbabank.com/english/investment-banking/financial-institutions
- warbabank.com/english/about-warba/news-center/new-board-of-directors
- warbabank.com/english/about-warba/news-center/merger-feasibility-with-gulf-bank
- warbabank.com/english/news/warba-bank-growth-of122
- warbabank.com/english/about-warba/news-center/warba-aquires-property-in-kuwait-city
- warbabank.com/english/annual-report/home/profile-vision-mission
- warbabank.com/english/cbk-complaint
- cbk.gov.kw/en/cbk-news/announcements-and-press-releases/press-releases/2025/05/202505220700-the-cent
- alraimedia.com/article/1775836/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/%D8%A8%D9%86%D9%88%D9%83/242-%D9%85%
- dasmannews.com/908851/
- alraimedia.com/article/1765190/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/%D8%A8%D9%86%D9%88%D9%83/%D8%A7%D9%8
- zawya.com/en/business/m-a/kuwait-warba-bank-signs-full-acquisition-of-alghanim-trading-company-pzbu
- arabnews.com/node/2602192/business-economy
- gulfbusiness.com/en/2025/finance/warba-bank-plans-to-buy-33-stake-in-gulf-bank/
- cbonds.com/company/49711/
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Shaheen H. Al-Ghanem CEO
- Chair
- Hamad M. AlSayer Chairman
- Chief financial officer
- Mohamed Sabry Eissa Chief Financial Officer
- Executive
- Bader K. AlShalfan Vice Chairman
- Executive
- Soud Alrashed Chief Compliance Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Kuwait
- Central Bank of Kuwait Central bankPrudential supervisorAML supervisor
- Kuwait
- Capital Markets Authority Securities
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
The Central Bank of Kuwait approved the bank's appointment of advisers to study the feasibility of a merger with Gulf Bank.
warbabank.com ↗ -
Merger / acquisition
Warba Bank and Gulf Bank told Boursa Kuwait they would study a possible merger to form a single Sharia-compliant bank.
arabnews.com ↗ -
Merger / acquisition
The bank completed its purchase of Alghanim Trading Company, which holds 32.75% of Gulf Bank, for about KWD 498 million.
zawya.com ↗ -
Other
An extraordinary general meeting approved an increase in authorised capital from KWD 218.36 million to KWD 436.72 million.
warbabank.com ↗ -
Merger / acquisition
The bank agreed to buy Alghanim Trading Company, the holder of a 32.75% stake in Gulf Bank, subject to regulatory approval.
gulfbusiness.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- WRBAKWKWXXX
- How the BIC breaks down
- WRBABank
- KWCountry · Kuwait
- KWLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900HX6OLMFSO34H53
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Kuwait · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- WARBA BANK HEAD OFFICE, ARRAYA TOWER FLOOR 01-13 SHARQ,BLK7,OMAR BEN AL KHATTAB ST KUWAIT 1220 KUWAIT
- Operational address
- ARRAYA TOWER FLOOR 01-13 OMAR BEN AL KHATTAB STREET SHARQ BLOCK 7 KUWAIT CITY 13013 KUWAIT CITY KUWAIT
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>WRBAKWKWXXX</BICFI>
<LEI>254900HX6OLMFSO34H53</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>WRBAKWKWXXX</BICFI>
<LEI>254900HX6OLMFSO34H53</LEI>
<Nm>WARBA BANK</Nm>
<PstlAdr>
<TwnNm>KUWAIT</TwnNm>
<Ctry>KW</Ctry>
<AdrLine>WARBA BANK HEAD OFFICE, ARRAYA TOWER FLOOR 01-13 SHARQ, BLK7</AdrLine>
<AdrLine>OMAR BEN AL KHATTAB ST KUWAIT 1220</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: warbabank.com (official website) · original.
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