Kuwait Finance House, formerly Ahli United Bank, follows a Wakala-based investment model for managing funds in the investment account. Deposits made into this account signify participation in Kuwait Finance House’s (Formerly Ahli United Bank) investment activities. These funds are utilized through strategic investments, and an agreed expected profit is calculated and distributed monthly. The distribution is proportionate to the end-of-day balance, providing transparency and alignment with Sharia principles. Furthermore, withdrawals from this account represent a partial exit from the underlying investments. This structure ensures that account holders not only contribute to, but also benefit from, the Kuwait Finance House’s (Formerly Ahli United Bank) investment activities in a manner consistent with Islamic finance principles.
- Easy access to funds (withdrawals/deposits).
- The monthly profit is calculated based on the end of the day balance.
- Competitive prices for remittances in foreign currencies.
- Statements of account and checking account balance.
- Possibility of linking the account to the current account.