Kuwait Finance House (KFH) announced that is has launched a two-week campaign concerning investment deposits under the name of ‘Best Choice’, in order to highlight the advantages that the bank’s deposits have, and to explain those advantages. In addition, the campaign also seeks to raise the awareness concerning the main criteria followed in selecting the best deposits for clients on the long term, then allowing the client to compare according to those criteria.
The advantages of KFH’s deposits include flexibility in cancelling the deposit at any time without losing all the profits and without paying any fees, since KFH takes into consideration the requirements of its clients, such as the sudden demand for cash. In that case, the bank recalculates the profit where the client does not lose his profit or pay fees for the cancellation of the deposit. The advantages also include granting depositors up to 100% of the value of their deposits, which allows them to receive a competitive financial return among other banks. The campaign has also focused on the advantages of the diversification of KFH’s deposits, where they offer clients a bouquet of various deposits that have different periods for the distribution of profits that vary between one month, three months, and one year, in addition to selecting the currency of the deposit. It is worth noting that KFH has five types of deposits, which are the five year investments deposit, Al-Kawthar, continuous investment deposit, three year deposit, Al-Sudrah, and foreign currency deposits. The campaign stresses KFH’s commitment to following the principles of Shariah.
KFH’s AGM for Banking Sector Mohammed Al-Fozan asserted that KFH prioritizes the welfare of its clients and is keen to offer them products and services that meet their requirements. He went on to say that despite the current economic status and fierce competition among Islamic banks that seek to increase their deposits and attract more clients, KFH managed to maintain its leading position among local banks in the field of deposits and offering its clients competitive returns. He mentioned that KFH is capable developing and innovating its products and services to maintain its leading status.