Kuwait Finance House (KFH) reaffirmed its commitment to financial awareness and customer protection as part of its participation in the Diraya Campaign, warning the public against the rising risks of fraudulent investments and financial scams.

In a press release, KFH added that the investment options offered by local banks, under the regulations of the Central Bank of Kuwait (CBK), are a safe haven and a stable source for financial investments, along with other companies and official institutions licensed and subject to the regulatory authorities responsible for protecting the national economy and the investment sector.

KFH pointed out that the secure investment services and products obviate the need for involvement in investment activities with unfamiliar entities that promise financial returns from fraudulent or high-risk projects. KFH also stated that banks are assisting individuals seeking to invest in their funds through a variety of investment tools and experienced employees subject to the regulations and guidelines of regulators.

KFH explained that among these safe investment services the banks offer are investment deposits, investment funds, investment savings in addition to the long and short-term investment plans.

Meanwhile, KFH warns customers against engaging in high-risk investments that are promoted by unregulated entities and are not subject to oversight by any supervisory authority fueled by the growing presence of shell companies and other online scammers that promote quick profits. KFH advises customers and investors to refrain from responding to advertisements, text messages and emails received from unknown sources. Additionally, the Bank also urges investors to seek advice from qualified experts before making any investment decisions.