Kuwait Finance House (KFH) offered the annual Al-Kawthar deposit. Al-Kawthar completes KFH's deposit system. It has monthly returns and is specially designed for clients who want monthly return for long-term investments. Al-Kawthar suits their life style and requirements, without binding them to collecting their profit at the end of every 3 months, or annually, like what is currently followed in KFH's annual and quarter deposits. The client can open Al-Kawthar account any day of the month, with a minimum of KD 10,000. Profit is added starting from the next day. The Assistant Manager for the Banking Sector Mohammed Nasser Al-Fozan, stated in a press release that the new monthly Al-Kawthar deposit is offered by KFH to its clients for the first time. It aims to provide multi form saving vessels, which have several time intervals and diverse returns. Moreover, it aims to offer the client regular monthly cash flow, which suits various categories of clients and their requirements. Al-Kawthar completes the current KFH deposits that distribute annual and quarter returns. Al-Kawthar targets clients who want a monthly income with high returns. Al-Fozan added that KD 10,000 is the minimum to open Al-Kawthar deposit account. The investment in the account is based on a venture contract between the client as a partner who owns the capital, and KFH as a venture. KFH is paid a predefined fee for management. The fee is cut out of the net profit. The depositor must have another account, so KFH can add the profit to that account. Regarding the distribution of profits policy, Al-Fozan said that the profit is calculated monthly from the beginning of the month until the end of it. The profit is announced during the first week of every month. Incase the deposit was opened after the first day of the month, the profit is calculated starting from the day that follows the opening of the deposit, based on the number of remaining days since that date and until the end of the month. Moreover, Al-Fozan announced that the deposit will be invested according to the general investment policy of KFH, which means reaching the highest return value possible. The investments will be made in long-term and short-term investment tools, whether they were domestic or international. He also noted the huge success that KFH has made in this field, which resulted in offering the highest distributions on deposits in the market for consecutive years. The continuous investment deposit achieved 8.4% last year. It is worth noting that if the client does not inform KFH, in writing, that he does not wish to renew the deposit within 14 days before the distribution of profit, KFH will automatically renew it. The deposits reached during the 3rd quarter of this year KD 5.021 billion, with a KD 1.498 billion increase and a 43% increase than the same period last year. KFH distributed profit last year as follows: 8.458% for continuous investment deposits, 6.578% for Al-Sudrah deposit and 5.639% for investment saving accounts. In addition to that, KFH is the first in the market in the market share of the clients' deposits.