Kuwait: Kuwait Finance House (KFH) rolls out a wide range of long-term investment plans specifically designed to fulfil all customers’ needs and meet their aspirations, yet reinforce the culture of planning for the future and reiterate the Bank’s pioneering position in offering innovative sharia-complaint financial solutions.

The investment plans are flexible, long-term and yield high investment rates. They are “Shifaa” for healthcare, “Jameati” for education, “Rafaa” for marriage, “Enjaz” for youths’ projects, and “Thimar” for retirement.

“Shifaa” offers customers a plan based on monthly saving, while earning higher investment returns on their savings along with “Takaful” cover. If and when facing critical health circumstances, savings and “Takaful” cover will assist to meet the required medical expenses. Customers should be between 21 to 60 years, and the saving period ranges between 5 years to 15 years.

The plan is covered by “Takaful” insurance policy. The policy will cover the unpaid savings due to death, total disability including sickness or accident and critical illness. Critical illness can have a massive impact on a person’s health and at the same time effect the person’s finance situation. The significant benefit of the Shifaa investment plan is the availability of saved funds for emergency. If the person has been diagnosed with one of 11 major and critical illnesses as per the policy conditions, the plan target amount will be paid to the person.

Customers can deposit any amounts in addition to the withheld monthly saving amounts without affecting the schedule of the plan. “Shifaa” investment plan can be closed at any time. All saving and declared profits in “Shifaa” account will be refunded.

“Jameati” investment plan is tailored to meet parents’ aspiration in paying their children’s university education fees when they are 18 years old, while “Rafaa” is designed to cover marriage expenses and it assists in the early family planning and parents’ planning for their children. Moreover, “Enjaz” is a multipurpose investment plan that caters for the youth’s aspirations and ambitions by allowing them to plan for their future and achieve their goals by running their own businesses and projects or purchasing a house etc.  Furthermore, “Thimar” contributes in offering restful and comfortable retirement life for clients, who can receive the targeted amount with all investment profits accrued by the end of the investment plan period identified by them.

Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and customer service.

KFH manages its operations in the GCC, Asia, and Europe through over 480 branches, including KFH-Turkey, in order to offer services for the bank's customers in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, and the UAE.

KFH's mission is to achieve highest levels of excellence and innovation in the field of customer service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.

KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation, superior customer service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.

For more information, please visit: www.kfh.com

© Press Release 2018