Kuveyt Turk was established in 1989 in the status of Private Financial Institution for the purpose of operating in accordance with the principles set by the Cabinet Decree No. 831/7506 of 16.12.1983. Operations of Private Financial Institutions were conducted by Cabinet Decrees on the one hand and communiqués of the Central Bank and the Undersecretariat of Treasury on the other hand until such operations were included within the scope of the Banking Law in 1999. In December 1999, Kuveyt Turk became subject to the Banking Law No. 4389, just like other Private Financial Institutions. The title was changed to be Kuveyt Turk Participation Bank Inc. in May 2006.
Regarding to capital of Kuveyt Turk, 62% is owned by Kuwait Finance House, 9% by the Public Institution for Social Security, 9% by the Islamic Development Bank, 18% by General Directorate for Foundations and 2% by other shareholders.
To be an institution which is committed to the principles of interest-free financial products and services, has ethical values, values customer-oriented banking and has social responsibilities.