Kuwait International Bank 'Al Dawli' launches Al-Baraka Investment ...

The new product is sharia'a compliant and has flexible tenors starting from one month to one year plus and the option of auto renewal at maturity.

The minimum amount of deposit is KD1000 and it could be maintained in any major foreign currency.

Al-Baraka Investment Deposit customers at Al Dawli will enjoy various benefits including vehicle Murabaha, goods Murabaha or construction materials Murabaha and shall be eligible to get a Visa Platinum or Gold or Classic credit card.

Commenting on the launch of this investment deposit product, General Manager for Retail Banking Department at Al-Dawli, Mrs. Entisar Al Suwaidi, said, "due to signs of new changes in market dynamics, we decided to launch Al-Baraka Investment Deposit where our customers will be able to enjoy higher returns and many other benefits."

Mrs. Entisar Al Suwaidi, said, "Al-Baraka Investment Deposit allows an investment of up to 90% of the deposited amount. It is a reliable product offered with flexible periods of maturity starting from one month to one year and continuous. and, that Kuwait International Bank will continue to come up with innovative Islamic financial products to satisfy the needs of different segments in the society."

Source: http://www.ameinfo.com/kuwait-international-bank-al-dawli-launches-318266

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