*** ----> KFH-Bahrain launches new financial products | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

KFH-Bahrain launches new financial products

Abdul Razak Jawahery, Executive Manager of Private Banking and Wealth Management at Kuwait Finance House-Bahrain (KFH-Bahrain), has announced the launch of a new line of Shari’a compliant investment products. 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.

The Call Accounts combines the benefit of savings and current accounts into a single product, with the added benefit of calculating profit daily and distributing the profits every month to investors. Call Account can be opened 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. Profit is distributed every month.

The new Flexi Wakala Investment Accounts offers 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. Profit is distributed on the maturity date. On this Occasion, Abdul Razak Jawahery, stated, “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 subdivisions to adopt a unique approach to the banking services.”