Home arrow Article arrow Article Detail

Kuwait Islamic bank Warba Bank occupies sites in both the virtual world Decentraland and Sandbox

Profile Image

Indrani bose Follow


Jul, 05 2022

Jul, 05 2022

likes 0 | comments 0

Article Image

Recently Warba Bank, a Kuwait-based Islamic bank enters in to the metaverse. Currently, the bank occupies two sites in the metaverse, one on Decentraland and another on Sandbox. It is the latest corporation from the Middle East and North Africa (MENA) to enters in to the space.

To strengthen its communication with the young generation the bank enters metaverse. As a pioneer in digital transformation, the mission of Warba Bank is to be close to its clients in virtual reality, to strengthen its communication with the young generation in an innovative way and to introduce its products and services.

Anwar Bader Al-Ghaith who is the Warba Bank Executive Vice President for Support Services and Treasury, said “Warba Bank’s interest in entering this virtual reality comes within the framework of digital trends to transform into a (Web3)”. He stated that Warba Bank is interested in entering this virtual reality to communicate with the clients and providing all their banking needs, including all the new services and products launched by the bank.

The Warba Bank is aiming to provide top-quality products and services in a secure framework while incorporating the latest technologies in the world of the internet and artificial intelligence AI technologies as it moves forward in achieving its ambitious goals, enhancing digital services, and incorporating the latest modern technologies. With virtual reality enhanced with audio-visual technology, users can travel between regions and participate in virtual activities, as well as meet many of their needs and requirements in three dimensions. Warba Bank moves forward vigorously in achieving its ambitious goals and enhancing digital services.

With a statement released by the bank, Warba says it is now focusing on achieving its ambitious goals and enhancing digital services. The bank will also focus on absorbing emerging technologies and artificial intelligence, the statement said.


likes 0 Likes | comments 0 Comments

Profile Image

Indrani bose

CBW - External Analyst


Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.