Kuwait Finance House-Bahrain (KFH-Bahrain) has launched a raft of new private banking and wealth management services including several accounts that can be opened in either Bahraini dinars and/or US dollars.
KFH-Bahrain has also introduced Lombard products that allows customers to benefit from short-term liquidity secured against their existing investments without the need to liquidate their portfolios at competitive financing rates with convenient repayment terms.
Private banking services include several accounts that can be opened in either Bahraini dinars and/or US dollars, such as: Call Accounts which combines the benefit of savings and current accounts, with the added benefit of calculating profits on a daily basis and distributing the profits on a monthly basis to investors, while the Wakala Investment Accounts profits are distributed on a monthly basis.
We have witnessed a strong demand for wealth management and private banking solutions"
Also, the new Flexi Wakala Investment Accounts gives the flexibility to withdraw up to 20% of the investment amount during the investment period and profits are distributed to the clients' accounts on maturity date.
Abdul Razak Jawahery, executive manager of Private Banking and Wealth Management in KFH-Bahrain, said: "We have witnessed a strong demand for wealth management and private banking solutions. We strive to offer effective and efficient services through providing financial consultations to increase customer returns, profits and investments, which comes in line with the bank's strategy to serve the largest segment of customers," according to TradeArabia.
KFH-Bahrain Wealth Management also offers a range of Sukuk and Sukuk Leverage to its investors, providing customers with the opportunity to earn a Shariah compliant fixed income.
All of the bank's solutions are Sharia-compliant.