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KD Wakala Fixed Deposit
Corporate deposit with expected returns!
This non-individual deposit is characterized by expected returns and tenures ranging from 1 to 60 months. This Sharia-compliant investment structure is in Kuwaiti Dinars only and based on the Wakala investment principle.
Fixed Deposit Terms and Conditions
Exclusive for corporates
Monthly or yearly profit distribution
Expected returns
Eligibility:
Non-individual entities.
Minimum limit for opening the deposit:
KD 3,000
Tenures:
1, 3, 6, 9, 12, 18, 24, 36, 48 and 60 months.
Benefits:
Expected returns since they are based on Wakala investment.
SMS alert service upon maturity and credited to the account.
Profit Distribution:
At maturity for the tenures from 1 month to 12 months.
Monthly or yearly as per choice for the tenures from 18 months to 60 months.
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