Tam Bank, Kuwait's first Sharia-compliant digital bank, won the "Best Technology Use in a Program" award for 2024 at a ceremony organized by Incentive Awards. The London-based event brought together banks and companies from around the world.

Tam won the "Best Technology Use in a Program" award for its innovative rewards program. The award was based on a rigorous evaluation of the program, which was deemed the best, unique and youth-centric rewards platform. Key criteria included user engagement, both in earning and redeeming points, the number of app members, the number of visits, and user ratings on the Apple Store.

Tam surpassed its competitors by undergoing a thorough evaluation from a distinguished judging panel of 11 global leaders, who based their decision on high standards, values, and excellence in the industry. Tam Bank is the sole Kuwaiti recipient of the award.

Launched in 2015, the Incentive Awards stand as the foremost global accolade, celebrating outstanding performance in the incentive, reward, and recognition industry. These awards are acknowledged as the definitive mark of excellence in the sector, underlining the highest standards of achievement.

The annual ceremony, attended by numerous CEOs and prominent leaders from the banking, customer service, and private sectors, provides an excellent opportunity to exchange experiences and learn about the latest developments across all fields.

Tam is the pioneering and sole digital bank in Kuwait that offers services in compliance with Islamic Sharia. It also offers innovative solutions to its customers, specifically the younger demographic, in order to improve their banking experience and fulfill their dreams and goals.

Tam is known for its contemporary design targeting youth segment, cutting-edge banking services, and advanced technological capabilities that cater to customers' desires with the utmost standards of quality, efficiency, convenience, security, and innovation across all products and services. The bank's sophisticated digital infrastructure positions it as a leader in delivering financial solutions to customers, recognizing that digitization is now the predominant language of today and tomorrow, embraced by Kuwaiti youth and globally. Digital advancement stands as the primary driver shaping the future across multiple sectors.

Tam offers customers aged 15 and older a convenient way to open a personal account using just a mobile phone, without any physical signatures required. Customers can take advantage of rewards, points, offers, discounts, and access to a 24/7 call center to meet all their needs.