Kuwait Finance House (KFH), the world’s leading Islamic financial institution, announced that it will be available today and through the coming weekend at Avenues Mall, to demonstrate the benefits of its ‘Jameati Account’ that encourages people to save, in addition to explaining the benefits of the bank’s banking services and products.
KFH employees that will be found at the booth, will highlight the privileges of the account, in addition to the possibility of opening the account that is designed for clients’ children.
It is worth noting ‘Jameati Account’ combines the benefits of the saving investment account and Takaful insurance. The parent can deposit monthly installments in the account for future education expenses. During that saving period, the bank invests those sums of money for the client, and once the minor is 18 years old, the total sum of money deposited and the profit will be deposited in the account, in order to pay for university education. The account also offers rewarding investment returns, since 80% of the deposited sum of money is invested. This entitles the client to high profits, compared to other saving accounts, because it is a long-term investment.
Furthermore, the benefits of the account include opening it easily at any KFH branch, and the fact that the client can personally manage his account, where he can change the total value of the saved money at any time. The client can also change the value of the monthly installment, and can change the monthly installment deduction date.
Moreover, the account aims to reinforce KFH’s role in the development of the society through recognizing the importance of education; especially that educational fees have become expensive in Kuwait and abroad. This account provides peace of mind to parents that are concerned about the educational fees of their children in the future, through deducting monthly installments.