Kuwait Finance House (KFH) offers Zafafi financing product, one of the best accessible financing solutions available with flexible terms and special preferential profit rates, aimed at facilitating marriage-related expenses and promoting family stability. The new product comes as part of the Bank’s commitment to providing more innovative banking solutions that meet customers’ aspirations and market needs while enhancing its competitiveness,

Executive Manager Personal Finance Products at KFH, Abdulaziz Alsaeed, affirmed that the launch of Zafafi product represents a qualitative addition that enriches the Bank’s portfolio of products and services designed to support young people, fulfill their aspirations, encourage marriage, and help them establish families. This aligns with the noble principles of Islamic Sharia, which encourage marriage, and supports the State’s efforts to build a unified family-oriented society.

Alsaeed explained that Zafafi is one of the best consumer financing products offered to newly married male and female KFH customers. It is designed to help finance their needs, including furniture, home appliances, vehicles, and other consumer-related purchases, through accessible financing with flexible terms and special preferential profit rates.

He added that under Zafafi, either the husband, the wife, or both newlyweds may apply to KFH for consumer financing to cover their needs, up to 25 times the net salary, with a maximum financing amount of KD 25,000 over a period of up to five years.

Alsaeed further noted that KFH grants Zafafi customers a grace period of up to six months from the financing disbursement date before the first installment becomes due. This feature is intended to provide greater ease and financial relief to customers. In addition, the installment deferment service allows customers to postpone one installment per year, giving them the flexibility to choose the month they wish to skip payment each year throughout the financing tenure, according to their personal needs and circumstances.

He emphasized that the Bank also provides Zafafi customers with exclusive offers in cooperation with a select group of suppliers in the local market. These offers cover a wide range of the latest consumer products and include various promotions and discounts.

Alsaeed pointed out that newly married KFH customers wishing to benefit from the accessible financing offered through Zafafi can apply through KFH branches located across Kuwait. Financing applications can also be submitted via KFH Online.

He concluded by highlighting KFH’s commitment to support financial inclusion and its leading role in offering the best advanced banking solutions and services to various customer segments, particularly young people, for whom KFH provides a comprehensive suite of products and services tailored to their varied needs.