43. Warba Bank

Country: Kuwait
CEO: Shaheen Hamad Al Ghanem
Market value: $1.5 billion

Founded in 2010, Warba Bank offers Shariah-compliant services through 18 branches in Kuwait. In September 2022, the bank launched its first drive-thru teller service to allow customers to conduct various transactions, such as cash deposits and withdrawals. It also launched the SiDi Digital Wallet, a new mobile app for low-income workers and unbanked clients, which provides them with a simple and digital financial experience. The bank raised $100 million for the Warba Ijara Fund I in 2022. Warba Bank reported $63 million in net profits in 2022, a 20.8% increase compared to 2021.