A one-year innovative term deposit that allows for partial withdrawals and deposits throughout the investment period. Specially designed for individuals who wish to fully manage their deposit using their mobile device. Create, deposit, withdraw and earn your profits on a quarterly basis.
Flexible Withdrawals & deposits
Quarterly Profit Distributions
Fully Digital expenditure
Eligibility:
Individuals only.
Minimum limit for opening the deposit:
20,000 Kuwaiti Dinar.
Tenures:
12 Months.
Profit Distributions:
Quarterly.
Annual Percentage Rate
3.500%
Benefits:
The ability to create and fully manage the deposit completely through the application.
The ability to withdraw in multiples of KD 100 during the investment period.
The ability to increase the deposit amount during the investment period by KD 100 or more.
The ability to activate or cancel the auto-renewal feature at any time during the investment period through the application.
Compliant with the provisions of Islamic Sharia and based on the Wakala investment principle.
Conditions:
Available for individuals in Kuwaiti Dinars only.
Withdrawals and deposits are allowed, provided that the deposit balance is not less than KD 20,000.
Profits are calculated based on the average monthly balance and the number of days invested.
In case of early closure, the returns will be recalculated based on the Sunbula Savings profit rate.
