Types of Accounts

KFH-Bahrain Accounts

 

With a variety of investment accounts, we at KFH-Bahrain harness our skills and ingenuity to cater to all that our clients desires. Delivering superior products that will enhance the lives of our clients is at the core of everything we do.

Wakala Investment Account

This account is based on the principal of wakala whereby the client (Muwakkil) appoints KFH-Bahrain (Wakil) to perform a transaction without any fees for an agreed upon anticipated profit rate. The Wakil (KFH-Bahrain) invests the amounts in the general portfolio. 

Features and Benefits:

  • A minimum deposit of BD1,000 or $10,000.
  • Shari'a compliant returns on your investments.
  • Available for terms of:
    • 1 month.
    • 3 months.
    • 6 months.
    • 9 months.
    • 1 year.
  • Accounts are available in BHD and USD.
  • Anticipated profit rate based on investment period distributed monthly.

Investment Saving Accounts

This account can be opened for individuals, companies or institutions. It enables customers to set aside a portion of their liquid assets that could be used to make purchases while earning a monetary return.

Standard and VIP accounts can also be opened as a personal or corporate account.

Investment Saving Account Features and Returns:

  • Free debit card.
  • Low minimum balance requirement.
  • Competitive profit rates
  • Annual profit distribution.
  • Local or international remittance facility.
  • Standing order facility.
  • Easy and quick access to funds.
  • Free quarterly account statements.
  • SMS notifications on account transactions.

VIP Investment Saving Features and Returns:

  • Free debit card.
  • Low minimum balance requirement.
  • Competitive profit rates
  • Monthly profit distribution.
  • Local or international remittance facility.
  • Standing order facility.
  • Easy and quick access to funds.
  • Free monthly account statements.
  • SMS notifications on account transactions.

Unrestricted Mudaraba Investment Account:

This Account is based on the principle of Mudaraba where you (as rab al mal) entrust your funds with KFH (as Mudarib) who will invest on your behalf. We mainly invest URIA funds in our general portfolio, which makes you our partner.

Tenors:

  • Monthly
  • 3 Months
  • 6 Months
  • Yearly
For Previous Distributed Profit click here

Shabab Al Dirah Investment Saving Features and Returns:

  • Ages 15 to 20 years old.
  • Free debit card.
  • Low minimum balance requirement.
  • Competitive profit rates
  • Annual profit distribution.
  • Local or international remittance facility.
  • Standing order facility.
  • Easy and quick access to funds.
  • Free semi-annual account statements.
  • SMS notifications on account transactions.

Baraem Investment Saving Features and Returns:

  • Infants and up to 14 years old age limit.
  • Free debit card.
  • Low minimum balance requirement.
  • Competitive profit rates
  • Annual profit distribution.
  • Local or international remittance facility.
  • Standing order facility.
  • Easy and quick access to funds.
  • Free semi-annual account statements.
  • SMS notifications on account transactions.

Foreign Currency Accounts Features and Returns:

Open an Investment Saving Account with one of the three major currencies; US Dollar, Sterling Pound and Euro.
  • Low minimum balance requirement.
  • Competitive profit rates
  • Annual profit distribution.
  • Local or international remittance facility.
  • Standing order facility.
  • Easy and quick access to funds.
  • Free quarterly account statements.
  • SMS notifications on account transactions.

Current Account Features:

This is a non-profitable account that offers various flexible payment methods to allow customers to distribute money directly to others, and is useful for individuals, companies or institutions.
 
This account could be opened as a personal or corporate account.
  • Free ATM debit card (for personal accounts only).
  • Low minimum balance requirement.
  • Cheque book facility.
  • Local or international remittance facility.
  • Standing order facility.
  • Easy and quick access to funds.
  • Free monthly account statements.
  • SMS notifications on account transactions.

Electronic Account Features:

This is a non-profitable account and can be opened for individuals companies or institutions. It can be used for payment of the variety of Shari’a compliant finance services KFH-Bahrain has to offer.

Features:

  • This account could be opened as a personal or corporate account.
  • Free ATM debit card.
  • Low minimum balance requirement.
  • Semi-annual account statements.

Requirements for Personal Accounts:

  • For Bahrainis, 1 original ID from the following combined with proof of permanent address:
  • CPR or Smart Card
  • Driver’s License
  • Passport
  • For Non Bahrainis, the following 2 original IDs:
  • CPR or Smart Card
  • Passport with a valid residence permit
  • Account statement or a salary certificate are required for Current Accounts.

Requirements Corporate Accounts

  • Original CR.
  • 2 original IDs form the following:
  • CPR or Smart Card
  • Driver’s License
  • Passport
  • 6 months financial statement.
  • Article of associations (if applicable).
  • Board of Resolution (if applicable).
  • Registration Form.

Required Forms & Documents

You will need to download and fill the following:

Account Opening Form Terms & Conditions

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