Kuwait City, 2 Oct: Warba Bank announced the launch of the first interactive system for Fatwas that makes it easier for users to access the Sharia ruling on products and rulings related to financial transactions and the Bank’s activities and services in an innovative, easy and convenient way.

The Executive Manager- Sharia Department at Warba Bank, Dr. Essa Al-Qassar, explained that the Fatwas Book has been converted from a printed copy to an interactive version that facilitates access to information and copy it from its reference in the Fatwas Book, adding that the system provides a virtual copy of the book of fatwas. Users can search the fatwa can by writing any word contained in the fatwa, the title, the question, or the answer, while documenting the content with a record number.

Al-Qassar stated that the user can access it through the Warba Bank application, and it is not necessary to be a Warba Bank client, explaining that once you open the application and enter the services page, the “Sharia Fatwas” icon will appear and it contains many of the following services:

• Access the final version in PDF format

• The fatwas are arranged in sections to facilitate browsing and viewing

• Search for a fatwa in any section of the book

• The fatwa can be copied and shared by clicking the share button

Al-Qassar pointed out that the introduction of the system comes out of the legal responsibility to transmit Fatwas and jurisprudential references upon which the bank relies in offering its products and services to the Bank’s customers and to increase the legal culture in Islamic financial transactions.

Al-Qassar stated that the Sharia sector in Islamic banks, with all its specializations, is no longer just a tool for monitoring the institution’s work; Rather, it has become a major contributor to all the products and services it provides, and all the activities it undertakes, and continuous work to develop them in accordance with the provisions of Sharia.

Al-Qassar concluded saying that, with the successive developments in the world of banking services, especially the development of technologies and the amazing spread of digital services, new and major challenges have been imposed on the Sharia sector, which must keep pace with these developments and seek to benefit from them without violating the provisions of Islamic Sharia.

Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leading position in the field of Islamic digital banking services for individuals, and it is one of the largest local banks in the number of shareholders, and these are among the most prominent components that make the bank close to all members of society, in addition Warba Bank is considered among the 50 largest banks in the Middle East in terms of market value for the year 2023 - Forbes Middle East classification.