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

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.

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 terminating their deposits or liquidate their portfolio.   

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”.

Meanwhile, 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 to meet their individual objectives.

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.