Kuwait-Based Islamic Bank Enters the Metaverse
Kuwaiti Islamic bank Warba Bank has recently become the newest company in the Middle East and North Africa (MENA) to enter the meta-universe. The bank currently occupies two platforms in the Metaverse, one in Decentraland and the other in Sandbox. In what has been described as the first Islamic bank, Warba Bank of Kuwait has recently taken over two sites in the Metaverse, one in Decentraland and the other in Sandbox. The bank’s presence in the Metaverse is expected to increase its engagement with the younger generation.
Anwar Bader Al-Qaeda, the financial institution’s Vice Support Services and Treasury, said in a statement after confirming Warba Bank’s entry into Metaverse. Warba Bank’s interest in entering this virtual reality is placed in the context of digital trends to become [Web3]. The world of virtual reality is used in services, education, healthcare, and many other advanced fields. And Warba Bank intends to be closer to its customers in virtual reality, presenting and interacting with its products and services in an innovative way that reflects Warba Bank’s image as a pioneer of digital transformation.
Al Qaeda has explained that Warba Bank is committed to supporting its young customers and is therefore entering the metaverse. According to the bank’s statement, Warba is now working to achieve its ambitious goals and use digital services. The bank will focus on the application of new technologies and artificial intelligence, the statement said.