Kuwait Finance House KSC : KFH allows clients to open investment deposits through ATM
January 07, 2013 at 12:51 pm IST
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Post Date : 07/01/2013
KFH allows clients to open investment deposits through ATM
Al-Ghaith: Profits begin once investments begin
Chief Operations Officer at Kuwait Finance House (KFH) Anwar Al-Ghaith announced that KFH offers a new service to its clients that allows them to open investment deposits through ATM machines found all over Kuwait. This step reflects KFH's efforts to offer its clients unique, advanced services, which is part of KFH's new strategy. He explained that the new service offers clients high quality services based on advanced technology, which cements KFH's positive image, and strengthens communication among various client segments through offering them competitive products and services.
Moreover, he mentioned that the requirements of using the new service are very simple. The client must have in any of his accounts the minimum amount of money needed to open an investment deposit . Clients can use ATM machines in opening the deposit and in transferring the money from his account to the deposit without the need to go to the branch for any approvals or signatures. Profits begin once the process is complete. He added that KFH is keen to use advanced technology to offer better services to his clients; especially that this service should increase number of deposits at KFH, due to the simple procedures. KFH managed to offer its clients a diverse array of deposits that meet various needs of different client segments. He noted that previous ATM services were highly applauded by clients, which prompted KFH staff to work relentlessly to build on such success.
It is worth noting that KFH offers various kinds of deposits that have different minimum limits and time frames in investment. Those deposits can be in Kuwaiti dinar or other foreign currencies, and offer monthly, quarterly, half-yearly, and yearly returns. Some of those deposits have an investment rate of 100% of the value of the deposit. KFH is keen to announce the profit of deposits once they are available without any delay. In addition, the client can cancel the deposit at any time without losing all his profit, or paying any cancellation fees.
KFH deposits are five-year investment deposit, Kawthar, continuous investment deposit, three-year investment deposit, Sudra investment deposit, and investment deposits in US dollars, Sterling Pound, and Euro.
Kuwait Finance House KSCP, formerly Kuwait Finance House KSC (KFH), is a Kuwait-based company that operates in the banking and financial sectors. The Bank is primarily engaged in the provision of banking, investment, real estate, trading and leasing activities in accordance to Islamic Sharia principles. The Bank is active, along with its subsidiaries, in three business segments: the Treasury segment includes liquidity management, international murabaha investments, exchange of deposits with banks and financial institutions, and international banking relationships; the Investment segment manages direct equity and real estate investments, investments in subsidiaries and associates, and international leasing, and the Banking segment provides a range of banking services and investment products to corporate and individual customers; commodity and real estate murabaha finance; local leasing, and wakala and istisnaâa facilities.
KUWAIT FINANCE HOUSE KSC 
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