Investment Deposit Account (Wakala Investment)

The Investment Deposit Account is ideal for clients desiring to invest their excess funds through safe investment channels that create worthwhile returns.

Boubyan Bank is the first Kuwaiti bank investing the entire balance of the investment deposit for periods from only one month to give returns thereon. When signing the application form for opening an Investment Deposit Account, the client signs an Absolute Investment Wakala Contract with the bank, whereby the bank invests the funds in the Investment Deposit on behalf of the client through secure and well studied investment operations.

Boubyan Bank Investment Deposit Account has many benefits, such as :

The currency of the account could be Kuwaiti Dinar or any other foreign currency.

The entire balance of the investment deposit will be invested .

Investment interims can be chosen starting with a length of one month onwards.

Investment deposits can be automatically renewed for interims agreed upon with the       Bank.

Returns are deposited monthly into the account.

Account data can be monitored through the call center service and the Bank’s site on       the internet.

Investment deposits principal amounts and achieved returns can be reinvested.

Clients are awarded certificates indicating the amount invested and the interim of       investment.

Investment deposit can be used as collateral for consumer loan purposes or to obtain       one of the credit cards issues by the Bank (subject to fulfilling the credit conditions       of Boubyan Bank).

Conditions and Requirements for Opening Investment Savings Accounts :

Client must have an account with Boubyan Bank.

Investment funds begin with the amount of KD 5,000 upwards.

General Benefits of Boubyan Bank Accounts :

All banking processes can be done through any of the Bank’s branches.

Boubyan Bank electronic cards granted free of charge initially.

Boubyan Bank cards are accepted locally and internationally in all ATMs, points of        sale,   and commercial stores.

Electronic channels are made available (Online, Call Center, SMS).

Standing orders can be made for Salary and Savings accounts.

Internal powers of attorney for managing Savings Accounts, Salary Accounts and        Investment Deposits are accepted.

Investment deposits or blocked amounts in your Salary Account can be used as        collateral for consumer financing or to issue Boubyan Bank credit cards.

Your account(s) can be managed through the Bank’s online service on the internet       where bills can be settled, local transfers and international transfers free of charge       or   against nominal charges.