Kuwait Finance House-Bahrain (KFH-Bahrain), one of the leading Islamic Banks in Bahrain, has recently launched a new line of financial products in response to its customers’ demand for additional Sharia’a compliant investment products.
The newly launched KFH-Bahrain Call Accounts, Wakala Deposits Accounts and Flexi Wakala Investment Accounts have been introduced to better suit the needs and requirements of Private Banking clients, enabling them to conduct their transactions more seamlessly, enhancing and upgrading their customer experience. This comes in line with the recorded positive surge within the Bank’s Private Banking client portfolio.
The launched Call Accounts provide a solution that combines the benefit of savings and current accounts into a single product, with the added benefit of calculating profit on daily basis and distributing the profits on monthly basis to investors. Clients have the option of opening a Call Account in Bahraini dinars and or US dollars.
Wakala Investments Accounts expands the choice of financial tools available to clients. Wakala Investment Accounts can be opened in Bahraini dinars and/or US dollars. Profits are distributed to the clients’ accounts on a monthly basis.
The new Flexi Wakala Investment Accounts gives KFH-Bahrain clients the flexibility to withdraw up to 20 per cent of the investment amount during the investment period. These can be opened in Bahraini dinars and/or US dollars. Profits are distributed to the clients’ accounts on maturity date.
Abdul Razak Jawahery, executive manager of Private Banking and Wealth Management said: “At KFH–Bahrain we always place our clients at the very top of our priority list, our mission is to provide the highest quality of Shari’a compliant products and personalized banking services to exceed customer expectations. Our newest Call Accounts, as KFH-Bahrain’s Private Banking Department will offer a superior level of service through its comprehensive product offerings.”
Ebrahim Al Ahmed, head of Private Banking added: “We are delighted to launch a new line of financial products for our clients, which comes in line with KFH-Bahrain strategy which steers all its sub divisions to adopt a unique approach to the banking services. All advantages to help our clients banking experience with KFH-Bahrain, which are much more personal and that more fulfilling.” – TradeArabia News Service
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