Furniture, Electrical Appliances and Kitchen
Through this activity we satisfy all customers` needs and finance all kinds of home appliances ,electronic devices and accessories with special offers and lots of benefits .This service covers the following fields:
Facilities and service controls :
- Competitive profit margin.
- Profits are not discounted in advance-.
- No salary transfer is required.
- Great flexibility in accepting the categories of transactions for the collection of customers (citizens and residents).
- Does not always require a sponsor.
- The Transaction is immediately processed if it meets the conditions for granting credit.
The legitimacy of our finance deals
The sale of (Finance service) was approved by the Conference of the Islamic Research Academy. It is a particular kind of sale, compliant with Sharia and one of Bayu Al Amanah (fiduciary), which requires the seller (KFH) to mention the capital or the cost incurred on the commodities for sale and sells it to the buyer (Client) , adding to the agreed profit. Both parties can agree to pay in cash or in installments or deferred. Based on this, our finance service is a commercial applicable transaction in Kuwait Finance House Commercial based on two pillars: first: Kuwait Finance House to buy the product from the source (the original seller) with full ownership and then sell it to the customer (prospective buyer) based on the profit rate agreed on. It is also a sales operation ((Allah Almighty said " but Allah hath permitted trade and forbidden usury."
Second: the selling price is fixed after it has been set by mutual consent and doesn’t change; there is no increase in case of delay or decrease by acceleration. The finance service in the context of its Sharia is a formula to fund all kinds of commodities and goods.
While Committing to the legitimacy of the transaction and whereas Kuwait Finance House is the buyer of the goods and deal with the original seller (the supplier) or the company executing the work. Customers and suppliers are kindly requested to consider the following: The prospective client is not allowed to pay a deposit to the original seller or to sign a contract of sales, nor taking a sales invoice or receiving goods or part thereof from the seller. Nor should the client ask the original seller of the goods to deliver it to a desired location. The Customer shall not deal with the company - the institution (executing the work) to start working before the goods purchasing by Kuwait Finance House or before reaching an agreement first with (from the executing party) the supplier, followed by Kuwait Finance House selling to the client (prospective client) and client is being handed a written permission hereby authorizes the supplier to deliver the goods to the customer or the execution of istisna contract concluded by a "KFH" of the company executing the work.
steps for completing transaction
- The prospective client presents a quotation from institution or company or individuals( Original Seller) that includes the specifications of the goods he wishes to receive addressed to any finance services branch Kuwait Finance House.
- Kuwait Finance House buy and owns the goods.
- The sale of the goods to the client (prospective client ) and he receives a delivery order to receive goods from the original seller (Company, Institution or Individual).
|From the Client
||From the Guarantor
|Quotation including price and specifications of goods
||Original Civil ID
|Original Civil ID
||Net new salary certificate
|Net new salary certificate
||Statement of account
|Statement of account
Fields covered by this activity :
Ready & custom made furniture:
This service cover all the ready made furniture custom or foreign made like :
- Living rooms.
- Bed rooms.
- Dinning rooms.
- Office furniture.
- Lighting systems
- Furniture accessories
This service cover all the Handmade furniture custom like :
- Bed rooms.
- Dinning rooms.
- Living rooms.
- Cabinets & Furniture accessories.
- Works of curtains, upholstery, sponges.
Ready made Kitchen & accessories:
This activity cover all the ready made kitchen custom or foreign made like :
This service satisfies customers needs and finances all types of computer sets and accessories with special offers and lots of benefits .This service covers the following fields:
- Computer sets (network ,personal ,and laptops).
- All kinds of printers.
- Other computer accessories and supplies.
Electronic and Electrical Appliances:
This service cover all kinds of home appliances ,electronic devices and accessories with special offers and lots of benefits. Fields covered by this activity are:
- Telecom devices and intercom
- Washing machines.
- Air conditioners.
- Other home appliances