KFH-Bahrain witnesses positive growth in its Private Banking portfolio
Kuwait Finance House-Bahrain (KFH), has recorded a positive surge in its Private Banking client portfolio, noting the improved economic climate and increased customer appetite for Shari'ah compliant investments.
KFH-Bahrain launched its revamped ‘Private Banking’ division in October 2016 to be in line with the new strategic focus of its parent company - the KFH Group - and the shift in the Group’s structure. Since then, the KFH Private Banking Department, considered one of the core divisions within the KFH Group, has grown from strength to strength, enhancing its offerings and benefiting its clients through Private personalised Banking services to High Net Worth individuals.
“At KFH–Bahrain we always place our clients at the very top of our priority list. Our mission is to provide the highest quality of Shari'ah products Private personalised banking and services to exceed customer expectations. At the core of this mission is our dedicated team of experienced Relationships Managers; they are the key players in driving client satisfaction by capitalising on the full spectrum of the Bank’s resources and tailoring solutions to suit individual needs. Together we work to develop investments strategies that can fulfil target financial objectives with ease and flexibility while ensuring that we maintain transparency in all our offerings and preserve the values of Islamic Banking,” said Abdul Razak Jawahery, Executive Manager of the KFH-Bahrain Private Banking Department.
KFH-Bahrain’s Private Banking Department excels in the personalised, premium services it offers which are aligned to the personal and corporate needs of High Net Worth Individuals, family offices and private corporations. The Private Banking division offers unmatched benefits, dedicated Relationship Manager, priority call routing bespoke banking and financing solutions.
“KFH-Bahrain’s Private Banking Department has been recognised for its superior service and comprehensive product offerings. We provide a host of banking solutions such as Current and VIP Saving accounts, as well as Shari'ah compliant Investments Accounts, namely Murabahah and Wakalah. Clients benefit from the new Wakalah where profits generated for the Wakalah Investment Accounts are distributed to the clients’ accounts on a monthly basis. All accounts can be opened in Bahraini Dinars as well as in other major foreign currencies. In addition, our clients benefit from a dedicated Relationship Manager, preferential foreign exchange rates, reduced service charges and specially-designed cheque books, all advantages to help make their banking experience with KFH-Bahrain, that much more personal and that more fulfilling,” Jawahery, stated. “Furthermore, in line with the KFH Group strategy which steers all its sub-divisions to adopt a unique approach to the banking services we provide, we have launched our new ‘Wakalah Investment Accounts’, which expands the choice and financial tools available to clients. Holders of a Wakalah Investment Account earn a agreed profit from an investment transaction conducted by the Bank on behalf of the client.”
In addition, KFH’s Private Banking offers its clients the VISA Signature Card, which entitles them to an attractive range of benefits, such as free access to over 500 airport lounges globally, a personal concierge service, access to VISA’s extensive portfolio of luxury hotels, personal accident travel insurance, extended warranty and purchase protection. This is all in addition to the peace of mind and convenience of VISA’s worldwide acceptance.