Top key features and benefits
- "Al Kawther" deposit is an annual investment deposit in Kuwaiti Dinars, yet returns are monthly distributed without the need to wait until the end of year. This deposit is invested based on "Mudaraba" principle.
- Investment period is 1 years.
- Profits are distributed on a monthly basis and deposited directly into customer’s account.
- Eligibility to get credit card by blocking amount from the deposit.
No fees required to open “Al-Kawthar” deposit.
- The deposit can be opened for Individuals and legal entities.
- Minimum deposit amount is KD 10,000.
- The deposit will be automatically renewed unless the customer requests otherwise prior to maturity date.
- The deposit is available only in Kuwaiti Dinar.