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11-Jun-2020 16:06

The customer undertakes to adhere to the provisions of Anti money Laundering and Terrorist financing law as well as the instructions given by the regulatory authorities in this regards1.The customer authorizes Warba Bank to make setoff and reconciliation of debts due and payable by him/her in favor of the Bank by debiting his/her investment deposit and its profits.The Super Savings Account is a bank account that gives you a monthly profit rate of %1.25 compatible with the principles of Islamic Sharia as we invest the funds in your account under Investment Wakala principle and crediting the profits into your account at the end of each month.The relation between the customer and Warba Bank shall be subject to the applicable laws in the State of Kuwait without prejudice to the rules of Islamic Sharia.The financing service is compatible with the provisions of Islamic law with instalment system and with the same price of cash along with flexible instalments period up to 5 years with the Takaful insurance debt free system.

The Bank is committed not to invest the depositors’ funds in projects generating returns less than the agreed-upon rates. However, the Bank shall be entitled to the portion in excess of the aforesaid rate, as incentive fees.3.Warba Bank makes it easy for you to own the car, boat, furniture or electronics you want in a manner compatible with the provision of Islamic Sharia.All you have to do is to specify your needs and we will finance you to buy it with the best competitive profit rates in the market easily.Construction finance products offered by Warba Bank will satisfy your financial needs in compliance with the provisions of the Islamic Sharia.Through our construction finance, you can purchase building & construction materials to build or renovate your house if required, at competitive rates.

The Bank is committed not to invest the depositors’ funds in projects generating returns less than the agreed-upon rates. However, the Bank shall be entitled to the portion in excess of the aforesaid rate, as incentive fees.3.

Warba Bank makes it easy for you to own the car, boat, furniture or electronics you want in a manner compatible with the provision of Islamic Sharia.

All you have to do is to specify your needs and we will finance you to buy it with the best competitive profit rates in the market easily.

Construction finance products offered by Warba Bank will satisfy your financial needs in compliance with the provisions of the Islamic Sharia.

Through our construction finance, you can purchase building & construction materials to build or renovate your house if required, at competitive rates.

ALWafi Financing is a new product (in Musawama Form) to serve Warba Bank customers who wish to receive financing of up to KD250,000, against investing the liquidity available with the customer by blocking a type of collateral throughout the financing period.