KFH: banks and licensed entities offer safe investment options

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Kuwait City, Feb 11: As part of its active support to Diraya Campaign, Kuwait Finance House (KFH) has urged individuals wishing to grow their savings in a secure manner to contact local banks and authorized entities, as they offer a diversified array of investment opportunities in a regulated and clear framework subject to the regulations of the Central Bank of Kuwait (CBK).

In a press release, KFH added that the investment options offered by local banks are a safe haven and a stable source for financial investments, along with other companies and official institutions licensed and subject to the supervision of regulatory authorities responsible for protecting the national economy and the investment sector.

KFH pointed out that the secure investment services and products obviate the need for involvement in investment activities with unfamiliar entities that promise financial returns from fraudulent or high-risk projects. KFH also stated that banks are assisting individuals seeking to invest in their funds through a variety of investment tools and experienced employees subject to the regulations and guidelines of regulators.

Additionally, KFH explained that among these safe investment services the banks offer are investment deposits, investment funds, investment saving accounts in addition to the long and short-term investment plans.

Meanwhile, KFH warns customers against investing in high-risk projects that are not subject to the supervision of CBK, or local, or foreign regulatory authorities, such as cryptocurrencies, and FX trading through shell companies and other online scammers that promote quick profits.

KFH advises people to contact the Capital Markets Authority, and other official local regulators such as the Ministry of Commerce and Industry and CBK to verify and provide investment advice on the authenticity of the investment parties. KFH also urges customers to avoid suspicious communications, invitations, fake websites, and anonymous online and SMS messages that promise people higher returns.

This news has been read 2775 times!

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