KFH: Long-term investment plans achieve great success
Kuwait Finance House (KFH)’s longterm investment plans “Jameati”, “Rafaa”, “Enjaz” and “Thimar” have achieved great success. KFH offered the total amount saved added to the investment profits to many customers who hold investment plans at the bank.
The customers expressed their appreciation to KFH in recognition of the innovation of the investment products that suit all segments of customers, and allow better investment and savings plans as per accurate perceptions.
Executive Manager Liabilities and Investments Products at KFH, Nehal Almosalem said that several customers have completed the investment plan “Jameati” according to the predetermined period and are entitled to the amounts saved in addition to competitive profits. She added in a press release, that KFH is the only bank in Kuwait to offer the long-term investment plans products, indicating the huge customers’ turnout on KFH investment products reflect their feasibility, while confirming their consistency with customers’ savings and investment needs. They also reiterate the bank’s vast experience and excellence in offering innovative products that maintain the pioneering position of KFH locally and globally. KFH is moving forward to improve its products and services as per highest international standards of service quality.
Almosalem illustrated that the investment plans are “Jameati” for education, “Rafaa” for marriage, “Enjaz” for youths’ projects, and “Thimar” for retirement. Customers target a sum of money that they wish to collect in the future ranging from KD 4-120 thousand, and through an organized plan, this sum of money is saved during a specific time frame over monthly installments ranging from 2-39 years according to every plan’s terms and conditions. Accumulative sums of money are invested, and customers receive annual investment profits.
She added that all investment plans enjoy ensuring Takaful coverage, be it full coverage or partial one. It is worth noting that customers can withdraw from their plan’s account starting from the second year of the investment period.
She continued: all the investment plans provide customers with full flexibility in adjusting the amount to be invested or monthly installments at any time, as they can deposit random payments in addition to monthly payments without affecting the schedule for the investment plan or target amount.
“Jameati” investment plan is tailored to meet parents’ aspiration in paying their children’s university education fees when they are 18 years old, while “Rafaa” is designed to cover marriage expenses and it assists in the early family planning and parents’ planning for their children. Moreover, “Enjaz” is a multipurpose investment plan that caters for the youth’s aspirations and ambitions by allowing them to plan for their future and achieve their goals by running their own businesses and projects or purchasing a house etc. Furthermore, “Thimar” contributes in offering restful and comfortable retirement life for customers, who can receive the targeted amount with all investment profits accrued by the end of the investment plan period identified by them.