The bank finance services product comprises construction works and materials product to assist customers in covering their needs of finance used for construction/ financing/ renovation / addition/ expansion. Following are the details of the product:
- Construction Materials
This item includes iron, bricks, cement, ceramic, insultation, sanitary accessories, marble, sanitary pipes, paints, electrical extensions and pipes, stones, concrete, doors, wood and tiles … etc.)
- Construction works and materials
This item includes skeleton construction, finishing, key turnover, supply and installation of elevators, aluminum, shutters and central A/C and addition of a new construction. Also, services include expansion of existing buildings, renovations, SIGMA, prefabricated houses, decoration works, iron, central ventilation systems, flooring works, landscaping, swimming pools, generators, farms supplies and providing all customers’ needs of construction services and materials.
Product is introduced through Murabaha/ Istisnaa/ Musawama which are, sharia compliant products, approved and authorized by the Sharia control committee at KFH Group.
Full construction, completion works, renovation, addition/expansion/ finishing and supply of construction materials.
Finance limit and credit standards
Max. KD 70,000 (subject to rules and conditions)
Instalments up to 15 years for housing finance.
First instalment may be postponed up to 12 months
Instalment postponement service upon initiation of transaction
Engineering consultancy services before and after construction in addition to follow up service.
Transaction completed within 2 days
Competitive profit margin
Not required to follow up purpose of finance
All customers (KFH customers/ Salary transfer) in both government and private sectors (gents / ladies – Kuwaiti / GCC)
Service is provided through all KFH branches, finance centers and showrooms spread all over the country.