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Wednesday , June 19 2019

KIB’s Arzaq deposit hits record annualized rate of 2.15% in Q1 –

KUWAIT CITY, May 1: Kuwait International Bank (Al-Dawli) announced that Arzaq Investment Deposit has achieved record annualized returns during the 1st quarter of 2016 with 2.15% on the Kuwaiti Dinar, making it a sought after deposit by individual and corporate customers with its various features and benefits.

Accordingly, the Acting General Manager – Retail Banking Department, James Eugene Galligan stated, “We strive to provide Arzaq Deposit investors with a suite of competitive features that cater to their needs and expectations.”

He added that the deposit is available in Kuwaiti Dinar and major foreign currencies, where the minimum deposit amount starts from KD 1,000 or its equivalent.

Arzaq offers flexible investment periods ranging from a month to a year, automatically renewed upon maturity along with possibility of premature cancellation and benefiting from the savings account returns.

Furthermore, Galligan pointed out that Arzaq Investment Deposit is the suitable choice for those who would like to invest their funds in accordance with the Islamic Sharia’ principles and to get competitive returns at the same time. He said that customers can open Arzaq deposit at any Al-Dawli branch, or find out more about this deposit and the bank’s other innovative services and products by calling “Al-Dawli Weyak” on 1866866, or visiting www.kib.com.kw

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