Secure your funds by depositing them into the Al-Safa savings and investment account, where profits are calculated based on the lowest credit balance during the month. Enjoy the anticipation as profits are credited at the end of the financial year, providing you with a rewarding investment experience.
- The Bank will invest 60% of the account balance, while the remainder will be dealt with as a current account.
- Minimum Balance: KD 500 or US$1,000 or the equivalent in major foreign currency.
- Available in Kuwaiti Dinars and other major currencies.
- Salary cannot be transferred to this account.
- There is no minimum balance charges.
- Profit is calculated based on the minimum balance during the month and is credited at the end of the financial year.
- Free online banking.
- ATM card for Kuwaiti Dinar accounts only.
- Valid Civil ID card.
- The Bank shall collect 20% of the net profit realized therefrom in consideration of its share as a Mudareb partner.
- The Bank has the right to refuse or accept investment deposits in investment savings accounts or to limit the amounts that can be accepted for investment in any type of investment account.
- Withdrawals from these accounts are made by designated forms or by debit cards.
- If the account is closed, it will be marked as “Pending Profit Payout” and will be permanently closed once profits are distributed in the second quarter of account closure.
- Checks may not be written with such accounts.
- Salaries cannot be transferred to such accounts.
For Terms and Conditions click here
- Can I get a debit card with this account?
Debit cards are only issued for accounts in Kuwaiti Dinars and not for accounts in foreign currency.