MANAMA: Kuwait Finance House-Bahrain (KFH-Bahrain), has announced the launch of a new line of Sharia-compliant investment products.
KFH-Bahrain Call Accounts, Wakala Deposits Accounts and Flexi Wakala Investment Accounts have been introduced to better suit the needs of private banking clients, enabling more seamless transactions and enhancing their customer experience.
The Call Accounts provide a solution that combine 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.
The can be opened in Bahraini dinars and/or US dollars.
Profits are distributed to clients’ accounts on a monthly basis.
The new Flexi Wakala Investment Accounts gives 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.
“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 Sharia-compliant products and personalised banking services to exceed customer expectations,” said KFH-Bahrain executive manager of private banking and wealth management Abdul Razak Jawahery.
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