Since its establishment in 1960, Gulf Bank has grown alongside Kuwait, accompanying its progress and development. Today, it is entering a new chapter in preparation for a full transformation into a Sharia-compliant Bank, following its preliminary approval from the Central Bank of Kuwait in August 2025 for this transition.
As valued partners in this journey, we have gathered everything you need to know about Gulf Bank’s transformation into a Sharia-compliant Bank in one place, to keep you informed of all the latest developments.
News on Gulf Bank’s Conversion to a Sharia-compliant Bank
"CBK" issued its Initial Approval on the conversion of "Gulf Bank" to a Bank compliant with Islamic Sharia
19/8/2025
Faisal AlAdsani: Gulf Bank is preparing to operate in accordance with the principles of Sharia, following the final approval of the Central Bank
24/5/2026
Disclosures on Gulf Bank’s Conversion to a Sharia-compliant Bank
Supplementary Disclosure Regarding the Initial Approval on the Conversion of Gulf Bank to a Bank compliant with Islamic Sharia
18/8/2025
Supplementary Disclosure On Studying the Conversion of Gulf Bank to a Bank compliant with Islamic Sharia
12/6/2024
Material Information Disclosure regarding studying the conversion of Gulf Bank to a Bank compliant with Islamic Sharia
11/6/2024
Employee Readiness for Gulf Bank’s Conversion to Sharia-compliant Bank
Gulf Bank Launches Second Phase of Comprehensive Islamic Banking Training Program to Support Strategic Transformation
22/4/2026
Media
FAQs
Answers to questions our customers ask most often
Most Frequently Asked Questions
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Gulf Bank has publicly announced its intention to convert into a Sharia-compliant Bank and obtained the Central Bank of Kuwait (CBK) initial approval for the Bank's conversion into a Sharia-compliant Bank.
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The timeline has not yet been finalized. We are committed to keeping our stakeholders fully informed once official approvals and dates are announced.
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There is no change to your account or products at this stage. However, we may seek your consent to make changes to your existing contracts or documentation in order to align with Islamic banking principles. Such changes will not impact you negatively in any way.
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In general, the conversion to Sharia-compliant Banking will allow us to offer a wide range of Sharia-compliant products and services, while continuing to provide the same level of customer service we are known for.
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