Mutlaa Housing project is considered as the most gigantic project ever executed by the Public Authority for Housing Welfare (PAHW) in the history of Kuwait. The project is located North Kuwait, 40 KM from Kuwait City, covering an area of 100 kilometers. The project comprises residential plots of 400 m each to fulfill the dreams of 28,288 Kuwaiti families. The authority has constructed all services and utilities including 116 schools, 156 mosques, 12 districts, 12 health centers in each district in addition to 3 specialized health centers.
KFH sense of social responsibility and its wish to make the dreams of thousands of Kuwaiti families of a life time house come true, have induced KFH to organize an exclusive campaign for the owners of the residential plots in Mutlaa Housing Project to finance private housing. KFH provides Sharia compliant finance services through various Sharia compliant deals e.g. Istisnaa which is a service presented exclusively by KFH to assist and help the customer to build the lifetime house and achieve his ambitions in an easy and secured manner. Services include Murabahah and Musawamah services as well.
KFH is keen on providing the best services to its customers, thus introducing exclusive and distinguished offers covering all construction stages e.g. design, license, skeleton, finishing and key turnover in cooperation with highly specialized companies in this field. KFH provides services to fulfill customers various needs, preferences and income by providing adequate credit solutions.
Construction Materials Product Services
- Finance all construction materials required for the construction process.
- Max. housing finance KD 70,000
- First instalment due after 12 months
- Instalment postponement service (KFH PASS)
- Possibility to reschedule debt in the future according to applied rules and regulations.
Exclusive supplier offers to KFH customers:
- Installments with 0% profit (cash price) for 24 months (skeleton/ finishing)
- 25% discount on design works for residential villas
- Instalments with 0% profit (cash price) for 36 months (Design and execution - of interior decoration)
- Competitive and exclusive prices for KFH customers (Skeleton/ Finishing)
- Architectural instructions and follow up before and after construction.
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.
|ACICO||Skeleton / Finishing / Turnkey project execution||Customer gets:
KD1500 discount on each "price offer" of KD70.00
|Maskan Al-Turath General Trading & Contracting Co.||Skeleton / Finishing / Turnkey project execution||Customer gets:
|Construction Capital Trading & Contracting Company||Skeleton / Finishing / Turnkey project execution||Customer gets:
|Golden Kaf General Contracting Co.||Skeleton / Finishing / Turnkey project execution||Customer gets:
|AK Premium General Trading & Contracting Co.||Skeleton / Finishing / Turnkey project execution||Customer gets:
Cash price instalments for 18 months
|Tony 47 General Trading Co.||Skeleton / Finishing / Turnkey project execution||Customer gets:
25% discount on architectural and construction designs, facades and licenses.
|Emirates General Trading & Contracting||Skeleton / Finishing / Turnkey project execution||Customer gets:
|Nukhba Global General Trading & Contracting Company.||Skeleton / Finishing / Turnkey project execution||Customer gets:
Cash price instalments for 18 months
|Global Circle General Trading & Contracting Co.||Skeleton / Finishing / Turnkey project execution||Customer gets:
|Hasan Abul Construction Material Co.||Construction materials||Customer gets:
|Design Corner General Contracting Co.||Skeleton / Finishing / Turnkey project execution||Designing and execution with competitive prices|
|Fun Khan Decorations||Design and execution of decoration works||Customer gets:
Cash price instalments for 36 months
|Dima general trading & contracting||Skeleton / Finishing / Turnkey project execution||Customer gets:
1 . Designing and execution with competitive prices
2 . Including plan designing and licensing
3 . 3D exterior cladding design
4 . Smart home system
|Sarh Engineering General Trading & Contracting Co.||Skeleton / Finishing / Turnkey project execution||Customer gets:
Competitive prices including designing, licensing and supervising
|Salman Al-Shallahi Engineering Consultant Dar||Designing, licensing and supervising||Customer gets:
Supervision / Skeleton / Turnkey project execution
|Al-Mustashar Constructions||Educational courses for customers||Customer gets:
1 . Educational courses before construction
2 . Skeleton building course
- All showrooms and finance centers – KFH customers – salary transfer
- Tamayuz and Ruwaad halls (Qasr – Andalus – Edailiya – Mubarak Al-Abdullah – Mubarak Al-Kabeer – Sabahiya – Zahraa) – Tamayuz and Ruwaad customers.