KIB Term Deposit
Tenure: One month / Three months / Six months / One year / One year and half / Two years
Under the Mudarabah basis, this investment deposit is Designed for individuals, establishments and companies to meet their needs for a safe short and long term investment. On completion of the tenure, the deposits can be automatically renewed. High Return on investment, flexibility of deposit periods ranging from one month to two years, and easy terms and conditions are only few of the privileges KIB Term Deposit offers you.
Whether you prefer deposit in local or major international currencies, KIB Term Deposit is no doubt your best choice. As with all the other services provided by KIB, this investment deposit is completely compliant with sharia’a.
Features & Benefits
- Sharia’a compliant investments and returns
- Available for Individuals and companies
- Flexible periods of deposit from one month to 2 years
- Minimum deposit amount is KD 1,000
- Deposit in major foreign currencies.: USD, Euro, GBP
- High return on investment
- Automatic renewal upon maturity
- Eligible for financing from KIB
- Eligible to apply for Credit / Charge Cards
- Profits are distributed on maturity for monthly and 3 month term deposits based on the latest Profit Announcement
- Profits are distributed periodically every 3 months for the term deposits of tenors 6, 12, 18 and 24 months based on the latest Profit Announcement
- One month, 65%
- Three months, 70%
- Six months, 75%
- One year, 90%
- One year and half, 95%
- Two years, 99%
- Original Civil ID
- A current or savings account at KIB
Terms and Conditions
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High Return on investment, flexibility of deposit periods ranging from one month to two years, and easy terms and conditions are only few of the privileges KIB Term Deposit offers you.