A contract concluded between the customer as an investor and KFH as an agent for the investor. According to this Wakala contract KFH is authorized to manage the investor's investments according to the agreed conditions. It is agreed between the investor (customer) and KFH (agent) on the investment period, investment currency, and automatic renewal of investment term unless non-renewal is requested. The investor (customer) is not entitled to cancel the Wakala contract prior to the expiry of the agreed period. This product is presented through KFH branches.
Investment periods include (1 week – 2 weeks – 1 month – 2 months – 3 months). Investment is conducted in main currencies (Kuwaiti Dinar – Sterling Pound – Euro – US$)
Minimum investment amount is KD 25000/- or equivalent in foreign currency.