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- An innovative investment deposit, based on sharia principle "Wakala" Investment that promises you expected investment returns with the ability to reinvest the profits to achieve higher returns.
- "Al-Nuwair" is available in Kuwaiti Dinars & major foreign currencies (United States Dollar, European Euro, Great Britain Pound) and distinguished by its total flexibility where the investment.
- period can be determined by number of days starting from 1 month to 36 months.
- Furthermore the client is capable of withdrawal up to 30% without breaking the deposit.
- Competitive pre-promised rates.
- Client can withdraw up 30% of the amount without breaking the deposit, unless balance is less than the minimum deposit amount.
- Client can change the deposit amount on due date.
- Flexible investment periods starting from one month up to 36 months (3 years) and the ability to determine the investment period by number of days starting from 30 days and more.
- Deposits with amounts more than KWD 50,000 or USD 100,000 or EUR 100,000 or GBP 100,000 will get higher expected returns.
- The ability to reinvest the profits at each renewal to achieve higher returns.
- Profit distribution by the due date not the end of financial years.
- Deposit can be opened at any KFH branches only.
- Eligibility to gain credit card by blocking amount from the deposit.
- Special offers when client joins any of KFH programs.
- No opening fees for “Al-Nuwair” deposit.
- The deposit can be opened for Individuals and legal entities.
- The deposit can be opened in Kuwaiti Dinars or Foreign Currencies provided to have an account in the same currency.
- Minimum deposit amount is KWD 1,000 or USD 15,000 or EUR 15,000 or GBP 15,000.
- The deposit will be automatically renewed unless the customer requests otherwise prior to maturity date.
