Abdul Razak Jawahery and Ebrahim Al Ahmed
KFH-Bahrain private banking offers new products
MANAMA, November 12, 2018
Kuwait Finance House-Bahrain (KFH-Bahrain), one of the leading Islamic banks in the country, has launched new products under its private banking offer.
Abdul Razak Jawahery, executive manager of the KFH-Bahrain Private Banking Department, said: "We provide a host of banking Shari’a compliant solutions such as our new call accounts and investment accounts, namely Murabaha and Wakala.”
“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 products and personalised services to exceed customer expectations. At the core of this mission is our dedicated team of experienced relationship managers," he said.
Call Accounts: These accounts provide a solution that combines the benefit of savings and current accounts into one product. The call account calculates the profit on a daily basis and distributes the profits on a monthly basis to investors. Clients can open a call account in Bahraini dinars and/or US dollars.
Wakala Investment Accounts: This account expands the choice of financial tools available to clients. It can be opened in Bahraini dinars and/or US dollars. Profits are distributed to the clients’ accounts on a monthly basis.
Wakala Flexi Investment Accounts: 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 a monthly basis.
Visa Signature Credit Card: This card entitles clients to an attractive range of benefits, such as free access to over 650 airport lounges globally, personal accident travel insurance, extended warranty and purchase protection. This is all in addition to the peace of mind and convenience of Visa’s worldwide acceptance.
Ebrahim Al Ahmed, head of private banking, added: “In line with KFH-Bahrain strategy which steers all its subdivisions to adopt a unique approach to the banking services, our clients benefit from dedicated relationship manager, preferential foreign exchange rates, reduced service charges and specially-designed chequebook and ATM card." - TradeArabia News Service
