Kuwait Finance House introduces Al Rabeh salary account

Kuwait Finance House (KFH) has launched the Al-Rabeh salary account, which offers clients the opportunity to win two 2016 Range Rovers and 3 kg of gold every quarter. Al-Rabeh is also an investment savings account that gives clients annual dividends.

The account is offered for clients wishing to transfer their salaries and manage their personal accounts with the ability to save and invest. Al-Rabeh account is available for individuals in KD, and it requires salary transfers to enter the draw. KFH invests 100% of the sum available in the account according to mudarabah principles, where profits are calculated according to the minimum monthly balance invested.

Interested?

Clients can open this account at any of KFH 64 branches around Kuwait. The draws are held in January, April, July, and October, provided that three rounds of salaries have been deposited in the three months prior to the draw, and a minimum monthly balance of KD50 by the end of each month is maintained. Every additional KD 50 in the account entitles clients to additional chances in the draw.

Kuwait Finance House launches Bunyani financing campaign for finishing works

Kuwait Finance House (KFH) has launched a new campaign themed Bunyani... from skeleton structure to delivery for finance owners of residential, investment and industrial plots of land. The campaign will assist them to have construction such as finishing works, maintenance and restoration done.

Deputy General Manager Commercial Services at KFH, Ahmad Al-Khaled, said that the campaign grants clients streamlined financing facilities that include up to KD70,000 financing, a 15-year credit period, and a 12-month maturity period for the first installment, and a marginal profit rate.

He added that Bunyani... from skeleton structure to delivery campaign comes as part of KFH’s efforts to underline its role in serving clients and meeting their needs. 

Al-Khaled explained that the campaign, that lasts until January 20 2015, caters for clients' requirements in installment financing to buy finishing works supplies such as air conditioning, aluminum, lifts, and interior design in cooperation with the construction materials companies in Kuwait. 

Kuwait Finance House launches Visa Infinite debit card for VIP clients

Kuwait Finance House (KFH) has launched a new debit card called Visa Infinite for its ‘Priority’ private banking clients. 

Each client is allocated a dedicated relationship manager, who coordinates issuance of the new card, while also acting as the client’s personal banker for all other KFH services. Private Banking General Manager Matthew Welch explained that the card provides clients with exclusive privileges and support services. 

These include access to airport lounges in more than 500 airports lounges around the world; special offers and priority booking at a wide variety of fine dining restaurants; a 24 hour international concierge service to assist with reservations; ticket booking; car rental, and taxi bookings. In addition, clients benefit from comprehensive emergency support services, which include multiple-trip travel insurance with 24 hour international support; referral to medical and legal experts who speak the client’s language; automatic warranty extension (up to 24 months) for purchased products, plus coverage for damage up to US$5,000 per item.

Welch went on to say that the card is offered free to clients who meet KFH’s criteria for ‘Priority’ private banking and is initially valid for five years, with automatic renewal thereafter.