Warba Bank (K.S.C.) (KUW:WARBABANK) Tax Rate % : 4.52% (As of Mar. 2024)

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What is Warba Bank (K.S.C.) Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Warba Bank (K.S.C.)'s Tax Expense for the three months ended in Mar. 2024 was KWD0.22 Mil. Warba Bank (K.S.C.)'s Pre-Tax Income for the three months ended in Mar. 2024 was KWD4.96 Mil. Therefore, Warba Bank (K.S.C.)'s Tax Rate % for the quarter that ended in Mar. 2024 was 4.52%.

Warba Bank (K.S.C.) Tax Rate % Historical Data

The historical data trend for Warba Bank (K.S.C.)'s Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Warba Bank (K.S.C.) Tax Rate % Chart

Warba Bank (K.S.C.) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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4.49

3.90

4.51

4.50

4.55

Warba Bank (K.S.C.) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															4.52	4.58	4.66	4.47	4.52

Warba Bank (K.S.C.) Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Warba Bank (K.S.C.)'s Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	0.941	/	20.674
	=	4.55 %

Warba Bank (K.S.C.)'s Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	0.224	/	4.959
	=	4.52 %

Warba Bank (K.S.C.) Tax Rate % Related Terms

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Warba Bank (K.S.C.) (KUW:WARBABANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Warba Bank (K.S.C.) (KUW:WARBABANK) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

Omar Ibn Al-Khattab Street, Mezzanine Floor 1, Al-Raya Tower, Kuwait City, KWT, 13013

Website

https://www.warbabank.com

Warba Bank (K.S.C.) is a Kuwait-based banking corporation involved in corporate, retail, and investment banking activities in accordance with the principles of Islamic Sharia. It has five operating segments; Corporate offers a range of banking services and investment products to corporate customers, in addition to providing commodity and real estate Murabaha finance and Ijara facilities. Retail offers diversified products and services to individual customers, Treasury includes Bank's funding operations management, local and international Murabaha, and other Islamic financings with banks and financial institutions, Investment includes investment in direct equity, real estate investment, other investments, and asset management, and Other includes cost center assets and expenses.

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