General Manager Private Banking at Kuwait Finance House (KFH), Waleed Mandani said that KFH had launched deposits campaign themed “variety of solutions for prosperous future” to underline KFH’s investment deposits as the  best among local banks in terms of variety of tenures , rates , investment ratios , and flexible distribution.

Mandani added in a press release that KFH has completed a suite of innovative deposits that cater for all client needs for a prosperous investment. KFH has taken into consideration, when designing these deposits, the various clients segments and their investment needs in order to offer the best investment solutions and a unique customer experience. Those deposits are easy to open through Allo Baitak service, e-channels and ATM machines; thus increasing KFH’s share of banking deposits.

Moreover, Mandani explained that KFH offers a variety of deposits that have different minimum opening balances and investment tenures. He indicated that deposits can be created in Kuwaiti dinar or other foreign currencies, and offer monthly, quarterly, half-yearly, and yearly distributions. KFH is keen to announce the profit of deposits once they are available without any delay. KFH deposits are the best in returns in the market due to a prudent investment policy that aims to achieve sustainable profits with minimal risk.

He said that KFH deposits include Al-Nuwair investment deposit that promises clients with expected profit rates as per sharia, Islamic Wakala contract. This innovative deposit provides flexible investment tenures ranging from one month to three years. Al-Dimah deposit that offers numerous advantages and features, while investing funds in tenures of one month, three months, six months, nine months, and 12 months. Al Dimah distributes the profits in a monthly or quarterly manner. KFH also offers Al-Khumasiya investment deposit, Kawthar, continuous investment deposit, Sedra investment deposit, and investment deposits in foreign currencies.

Furthermore, Mandani mentioned that KFH achieves continuous  increase in deposits’ rates compared to previous years where 2.337% was distributed for Al-Khumasiya deposit, 2.064% for continuous investment deposit, 1.681% for Sedra investment deposit, and 1.773% for Al Dimah ( 12 months)  as of end of 2014.