Kuwait Finance House (KFH) continues to reinforce its leadership in excellent banking solutions by offering a distinctive and diversified portfolio of savings and investment products. These offerings are tailored to meet the evolving needs of different customer segments and aligned with their financial aspirations, age groups, income levels, and investment capabilities.

These products are the results of a strategic vision centered around innovation and the delivery of distinctive banking solutions that combine savings and attractive returns. They also offer flexible options to meet the diverse needs of customers, while supporting financial stability and empowering the community to engage in sound financial planning.

Thimar

The most prominent of these offerings is Thimar investment plan which is designed to achieve a secure retirement. This plan is available for customers aged 21 to 55, with investment term ranging from 5 to 39 years.

Thimar key features include the flexibility to adjust the target amount, or the monthly deduction at any time. Additionally, customers can withdraw up to 60% of the balance in the first year, and up to 60% each year following the initial withdrawal. They also have the option to increase the monthly investment amount automatically once every two years. The target investment amount ranges from KD 4,000 to KD 120,000.

When opening Thimar plan, a Takaful insurance coverage is automatically issued in the customer’s name.  The insurance will cover the unpaid savings due to death or total disability (sickness or accident) during the saving period.

Shifaa

KFH also offers Shifaa long term investment plan, providing a Takaful coverage for private health care. The saving plan allows customers, ranging between 21 and 60 years of age, to save monthly amounts and obtain higher investment returns upon the investment’s end term or when needed. Shifaa includes two main elements, savings with high investment returns and Takaful coverage for death or permanent total disability due to sickness or accident in addition to emergency diseases.

Customers can save monthly amounts while benefitting from higher investment returns on their savings, in addition to Takaful coverage that guarantees the customer to obtain the full target amount throughout the coverage period. In the event of health-related needs, the savings remain readily accessible, enabling customers to cover the required healthcare expenses.

The investment period for this saving plan ranges from 5 years to 15 years. Customer can also withdraw up to 60% of the saved amount in the first year and 60% once every year after the first withdrawal. The customer can deposit any amounts in addition to the withheld monthly saving amounts without affecting the schedule of the plan. The target investment amount ranges from KD 4,000 to KD 60,000.

Injaz

Reaffirming its commitment towards meeting youth investment aspirations, KFH offers Injaz investment plan, enabling the youth to plan ahead and achieve their dreams by investing their savings to start a business or purchase a house. The Injaz investment plan is available for customers aged 21 to 55, with saving durations ranging from 2 to 15 years.

By committing to monthly savings that yield investment profits, customers gain access to a growing fund available whenever they need it. When opened, Injaz will automatically have a Takaful insurance coverage in customer’s name.  This insurance will cover the unpaid savings due to death or total disability (due to sickness or accident) during the saving period. The investment plan also offers the convenience of adjusting investment amounts, or monthly installments at any time, with automatic monthly transfers from the customer’s account.

Customers may withdraw up to 60% of the balance in the first year, and up to 60% each year following the initial withdrawal. They can also deposit fixed amounts in addition to their monthly savings without affecting the plan schedule. The full investment amount, together with the accumulated profits, becomes available at the end of the term. The target investment amount ranges from KD 3,000 to KD 120,000.

Jameati

In line with its responsibility towards future generations, KFH offers the Jameati long-term investment plan to help parents build a secure financial foundation to meet their children’s education expenses.

To benefit from this long-term investment plan, the child must be no older than 14 years, and the customer’s age must be between 21 and 61 years. By the time the child reaches university age, the accumulated savings and profits will be available to cover all university education expenses, paving the way for a promising future. The investment term of Jameati ranges from 4 to 18 years.

Although the Jameati investment plan is designed as a long-term solution, customers have the flexibility to adjust the investment amount or monthly contributions at any time. Additionally, customers can withdraw up to 60% of the balance in the first year, and up to 60% each year following the initial withdrawal. The target investment amount ranges from KD 3,000 to KD 120,000.

Rafaa advantages include the following: the investment amount or monthly payments may be amended at any time and the amounts can be automatically transferred on monthly basis from the customer account to Rafaa investment account. The customer can withdraw 60% of the balance in the first year and 60% every year after the initial withdrawal. In addition, the customer can automatically increase the monthly investment amount once every two years. It is also possible to deposit specific financial payments, in addition to the monthly deductions, without affecting the schedule of the investment plan. The saving amount and accrued profit during the investment period shall fall due upon expiration of the investment plan.

It is worth noting that KFH long-term investment plans feature Takaful coverage with several options including diminishing Takaful coverage and fixed Takaful coverage. The customer may withdraw from the investment plan account upon the lapse of the first year during the investment plan period. Long-term plans are also characterized by their full flexibility concerning the amendment of the amount to be invested and the monthly payments at any time. The customer may also deposit certain payments, in addition to the monthly deducted amounts, without any impact on the investment plan schedule or the targeted amount.