In a significant strategic step aimed at strengthening cooperation between the Kuwait Banking Association and the Ministry of Justice in several areas of mutual interest, contributing to modernization and development efforts, improving operational efficiency, and aligning with national trends toward digital transformation, the Association announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Justice on Sunday, May 24, 2026. The signing ceremony was attended by His Excellency the Minister of Justice, Counselor Nasser Yousef Al-Smait, the Chairman of the Board of Directors of the Kuwait Banking Association and Chairman of the Board of Directors of Kuwait Finance House, Hamad Abdulmohsen Al-Marzouq, and the Acting Undersecretary of the Ministry of Justice, Awatif Abdulatif Al-Sanad.
The MoU aims to achieve a number of strategic objectives, most notably enhancing the accuracy and speed of enforcement procedures to ensure their security and integrity, and minimizing human error. It also aims to reduce operating costs and streamline procedures, thereby supporting the institutional performance of both parties.
Furthermore, the MoU will contribute to expediting the collection of financial dues owed to creditors and banks, which will positively impact and boost the overall economic activity in the country. It also focuses on enhancing data protection and increasing transparency by enabling monitoring and documentation of procedures, thereby supporting operational accuracy, reducing procedural errors, and strengthening the institutional reputation of both the Ministry of Justice and the banking sector.
Areas of cooperation also include establishing a comprehensive database and an effective mechanism for archiving all documents and data related to enforcement cases from the initiation of proceedings until payment is received, ensuring easy access and efficient management.
In support of digital transformation, the Memorandum of Understanding (MoU) aims to develop an integrated electronic system for managing enforcement disputes, aligning with national objectives and the “New Kuwait 2035” vision, which seeks to transform the country into a leading financial and commercial hub. The MoU also supports strengthening the legal validity of electronic documents and expediting the resolution of disputes related to enforcement procedures.
The MoU also includes the adoption of an electronic signature mechanism in cooperation with the Public Authority for Civil Information (PACI) for both individuals and companies. This mechanism meets the needs of the banking sector and complies with the legal and legislative frameworks in force in the State of Kuwait, while providing a seamless and integrated system for using electronic signatures. For his part, Mr. Hamad Abdulmohsen Al-Marzouq, Chairman of the Board of Directors of the Kuwait Banking Association and Chairman of the Board of Directors of Kuwait Finance House, stated that signing this memorandum represents a significant strategic step towards developing the business environment in the State of Kuwait. He emphasized that the cooperation with the Ministry of Justice reflects a shared commitment to modernizing and developing enforcement procedures to align with global best practices, enhance performance efficiency, reduce operational costs, and support digital transformation in both the banking and judicial sectors.
Mr. Al-Marzouq added that he is confident this partnership will expedite procedures, bolster customer confidence, and support the stability and growth of the banking sector, thus serving the national economy and aligning with Kuwait’s future vision. He concluded by affirming that the Association will continue to work with various government entities to support initiatives that contribute to developing the legislative and economic environment and strengthen Kuwait’s position as a leading financial and commercial center.
