Investment solutions with enhanced features
KUWAIT CITY, June 26: Kuwait Finance House (KFH) rolls out a wide range of long-term investment plans specifically designed to fulfil all customers’ needs and meet their aspirations, yet reinforce the culture of planning for the future and reiterate the Bank’s pioneering position in offering innovative sharia-complaint financial solutions.
The investment plans are flexible, long-term and yield high investment rates. They are “Shifaa” for healthcare, “Jameati” for education, “Rafaa” for marriage, “Enjaz” for youths’ projects, and “Thimar” for retirement.
“Shifaa” offers customers a plan based on monthly saving, while earning higher investment returns on their savings along with “Takaful” cover. If and when facing critical health circumstances, savings and “Takaful” cover will assist to meet the required medical expenses. Customers should be between 21 to 60 years, and the saving period ranges between 5 years to 15 years.
The plan is covered by “Takaful” insurance policy. The policy will cover the unpaid savings due to death, total disability including sickness or accident and critical illness. Critical illness can have a massive impact on a person’s health and at the same time effect the person’s finance situation.
The significant benefit of the Shifaa investment plan is the availability of saved funds for emergency. If the person has been diagnosed with one of 11 major and critical illnesses as per the policy conditions, the plan target amount will be paid to the person.
Customers can deposit any amounts in addition to the withheld monthly saving amounts without affecting the schedule of the plan. “Shifaa” investment plan can be closed at any time. All saving and declared profits in “Shifaa” account will be refunded.
“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 clients, who can receive the targeted amount with all investment profits accrued by the end of the investment plan period identified by them.