Investment Savings Account
The Investment Saving Account is ideal for clients with a desire to invest their savings to maintain and grow their value in accordance with Islamic Sharia’a.
Boubyan Bank is the first Kuwaiti Islamic bank investing the entire balance of the account to give a return thereon. When signing the application form, the client signs an Absolute Mudharaba Contract with Boubyan Bank, whereby the bank invests the funds in the Account on behalf of the client through secure and well studied investment operations. The returns realized from such investments are then shared between the Bank and the client at the distribution agreed upon as part of the account opening application form.
Boubyan Bank Investment Saving Account has many benefits, such as :
The currency of the account could be Kuwaiti Dinars or any other foreign currency.
The entire daily balance of the account will be invested.
Returns are deposited monthly into the account (Boubyan Bank is the first Kuwaiti Islamic bank that distributes returns monthly).
Detailed statements can be obtained through phone service and ATMs.
Free-of-charge Electronic Card.
Conditions and Requirements for Opening Investment Savings Accounts :
Client must be 21 years of age or older.
Original Civil Id. Card.
A minimum of KD 50 must be deposited into the Account on opening.
|