Seize the opportunity for competitive and rewarding returns with absolute peace of mind. Enjoy the flexibility of choosing from multiple investment plans by allocating a fixed amount of the deposit on a Mudaraba basis. Witness your investment thrive as you receive a percentage of the profits, tailoring your financial growth to your preferences.
- Minimum amount to open account: only KD 3,000.
- Available in Kuwaiti Dinars and other major currencies.
- Flexible deposit terms: 1, 3 or 6 months for local currency.
- Flexible deposit terms: 3, 6 or 9 months for foreign currency.
- Flexible profit distribution options at the end of each quarter (March, June, September, December) following the maturity date of the investment deposit.
- Profit is calculated on the same day the deposit is opened, and after one working day for deposits in foreign currencies.
- Option to get financing against reserving a deposit amount.
- Investment is made on the basis of Mudaraba contract.
- Free online banking service.
- Valid Civil ID card.
- FATCA & CRS.
- KYC (Know Your Client).
- AML (Anti-Money Laundering).
- The investment deposit shall be automatically renewed for similar term/terms without notice unless the Bank receives written instructions from the Client of his intention not to renew at least five business days before the maturity date. Notwithstanding the foregoing, the Client of Al-Yousr(+) de-posit is required to notify the Bank in writing of his intention not to renew it for at least one month before the maturity date agreed upon.
- Withdrawing from the investment deposit account by cheque is not allowed, and no credit or ATM card may be issued to the account.
- The Client may not withdraw his investment deposit before the agreed maturity date. If the Client so desires, upon the Bank’s consent, the following rules shall apply for computing the profit:
KD Investment deposits: Rules for computing the profit for the KD investment saving account (Al-Safa Quarterly Account) shall apply.
Foreign currency investment deposit: Rules for computing the profit for the foreign currency investment account (Al-Safa Foreign Currency Annual Account) shall apply.
- Profit on the deposit is calculated from the day the account is opened (creation of a deposit in Kuwaiti Dinars) and after one working day for deposits in foreign currencies.
- Profit is credited to the Client's account at the end of the financial quarter immediately following the maturity date.
For Terms and Conditions click here
What is the minimum amount for the deposit?
KD 3,000
What is the profit rate?
We cannot estimate the profit rate before the end of the fiscal year.
Are there any fees for breaking a deposit?
No