An investment account that allows our customers to buy and sell the finest gold provided by Swiss and Emirati manufacturers in addition to Pure Gold (24 karats with a purity of 999.9). Opening and accessing the account has never been easier through the Warba Bank application in partnership with Dar Al Sabaek Group.
To diversify one’s investments and assets portfolio.
To hedge against market volatility and inflation.
The account can be opened free of charge, without the need to instantly purchase gold.
A digitally convenient way to buy, sell, and store physical gold online.
Free secured gold storage that is fully insured.
Trade on pure gold without making charges.
Terms & Conditions
Available for all current Warba Bank customers 21 years old and above.
Only available in KWD.
Each customer will be eligible to open only one Gold Account 24k.
All activities are based on “spot,” instant buying and selling transactions.
Gold delivered to the customer cannot be deposited into the account.
The maximum Gold that can be held in the account is 5 KG.
Gold Accounts with zero balance will be automatically closed after 180 days of inactivity.
Gold Rates:
Competitive spreads between the buy and sell rates.
Live rates that are refreshed every 15 seconds.
About Dar Al Sabaek
A market leader in buying, selling, and delivering bullions, precious metal coins, jewelry through secured and insured delivery services.
First gold company in Kuwait that has fully digitized the buying and selling journeys of physical gold online.
Officially classified in the Kuwait National Library and the protection of intellectual property rights as the first website specialized in the field of gold in Kuwait.
External Auditor E&Y and insured by the Kuwait Insurance Company.
Digital Banking – Value Proposition
Instant account opening online without the need to visit a branch.
Gold buying, selling, and delivery are executed solely on Warba App.
Gold bar details, history, and serial numbers are clearly shown in the application.
Advanced statement and order history features.
Types of Gold bars
Gold bars provided are either Swiss (PAMP or Valcambi) or Emirati (Etihad).
All gold bars provided are 24 Karat with 999.9 purity with official serial numbers.
All bars are certified and guaranteed by the Ministry of Commerce.
Gold bars available range from 1 to 1,000 Grams.
Only full gold bars with serial numbers are sold (no partial weight selling).
Gold Trading:
The offered pure gold is of 24-karat type with a purity of 999.9
Pure gold can be traded from 1 to 1000 grams.
Buying and selling raw gold at the current market price without making charges.
Delivery of Gold
The selected gold will be delivered via fully secured delivery services.
Ability to exchange pure Gold with Gold Bars in Delivery action in the Gold trading section.
Making charges fees determined on the type of gold bars, in addition to delivery fees.
Gold Account Fees
Warba Bank takes an administrative fee of 0.200 KD per gram.
A fee of 10 KD will be applied starting the second year.
A charge of 6 KD applies for every delivery request as it is carried out by a 3rd party secured delivery
service.
Gold production charges are included in the gold bar prices during the buying and selling processes.
The price of the making charges is listed according to the selected gold bars during gold trading for delivery.
