In line with its commitment to launching innovative banking offerings that meet market needs and boost its competitive position, Kuwait Finance House (KFH) has rolled out Zafafi product, one of the best financing solutions, to facilitate marriage requirements and enhance family stability. The product offers flexible terms and special profit rates.

KFH Executive Manager Personal Finance Products, Abdulaziz Alsaeed, said that launching Zafafi marks a strategic step that enhances the Bank’s offerings which are tailored to support youth, fulfill their ambitions, and facilitate financial obligations concerning marriage.

“The new initiative also aligns with Sharia principles and supports the State`s goals of building a cohesive and stable society,” said Alsaeed.

He explained that Zafafi is among KFH’s most distinguished consumer financing products, offering newlyweds, both men and women, flexible financing to meet their essential needs such as furniture, home appliances, cars, and other consumer-related items, with special profit rates and convenient terms.

Alsaeed added: “Newly married couples, individually or jointly, can apply for consumer financing of up to 25 times their net salary, up to a maximum of KD 25,000, repayable over a period of five years.”

He pointed out that the newly launched product offers customers a grace period of up to 6 months prior to the first installment, helping ease financial commitments during the early stages of marriage. Additionally, customers can benefit from KFH’s installment deferment feature, which allows them to defer one installment each year, providing more flexibility to adjust payments according to personal circumstances.

Alsaeed further highlighted that KFH provides Zafafi customers with exclusive offers in collaboration with leading suppliers in the local market, including a wide range of premium consumer products as well as special discounts and promotions.

He clarified that newlyweds who wish to obtain financing under Zafafi product can apply through KFH branches across Kuwait, or via KFHOnline.

Alsaeed reaffirmed KFH’s ongoing commitment to financial inclusion and its leading role in offering advanced banking solutions that cater to the needs of different customer segments. He emphasized that KFH continues to provide a comprehensive suite of youth-oriented products and services designed to support their needs.