In line with its strategy to provide customers with innovative wealth management solutions and services, KFH-Bahrain’s Wealth Management Department is expanding its variety of products and services offered to the bank’s High Net Worth Individuals (HNWI), said Mr. Abdul Razak Jawahery, Executive Manager of Private Banking and Wealth Management.

Sukuk & Sukuk Leverage

KFH-Bahrain Wealth Management also offers a range of Sukuk to its investors allowing them the opportunity to gain exposure to Shariah compliant fixed income. This will allow investors to diversify their portfolio while generating recurring income. This is further enhanced with the launch of an attractive Margin Finance scheme which significantly boosts investors’ returns. Investors can now leverage their investment in liquid sovereign Sukuk which enables them to enhance their yields.

Lombard Financing

Recently, KFH-Bahrain Wealth Management announced the launch of Lombard Financing Facilities. This allows HNWI’s to benefit from short-term liquidity secured against their existing investments without the need to liquidate their portfolios. Clients can now obtain financing against their deposits or sukuk portfolio at attractive rates with comfortable payment terms. Clients with cash requirements or those who would like to pursue an investment opportunity no longer require to terminate their deposits or liquidate their portfolio.    

Mr. Jawahery, added, “Since the launch the Bank’s Wealth Management Department over 3 years ago, we have strived to provide our clients with world-class services. We have been extremely successful in supporting our clients by providing them with the latest banking services and enabling them to meet their financial objectives. The introduction of Sukuk margin finance and Lombard Financing comes as part of the suite of flexible products and services developed by KFH–Bahrain to suit the various investment needs and demands of our clients”.

Mr. Rashid Alkhan, Head of Wealth Management said, “Lombard Financing is a market driven service offered by wealth managers globally. Our clients can now get access to short-term facilities with no interruption to their asset allocation and long-term investment strategy.  They can get access to cash while continue to enjoy the capital appreciation and income potential of their securities. We continuously try to meet investors’ needs, expectations and requirements while maintaining an excellent level of customer experience.”

“The Bank is also committed to pioneering the growth and development of the local Islamic Finance sector by launching specialized products and services, which includes the offerings provided by KFH–Bahrain’s Wealth Management Department.” Mr. Alkhan added.

A full range of wealth management solutions are provided by KFH–Bahrain, inclusive of Current Accounts, Savings Accounts, Mudharaba Restricted and Unrestricted Accounts, Wakala Accounts, International Murabaha, and Sukuk that are flexible, diverse and can complement varying customer requirements in order to meet their individual objectives.