Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Kuwait Stock Exchange  >  Kuwait Finance House KSC       

KUWAIT FINANCE HOUSE KSC

SummaryNewsCalendarCompany 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Kuwait Finance House KSC : KFH offers educational product with credit privileges

12/15/2013 | 02:24am EST
news details

 Post Date : 15/12/2013

"KFH" offers educational product with credit privileges

The leading Islamic financial institution Kuwait Finance House (KFH) offered a new financing product that allows the public to purchase seats at schools and universities using monthly installments. This comes as part of KFH's efforts to reinforce its financial products and diversify its services, in order to meet the requirements of the clients.
Chief of Retail Banking Services at KFH Mohammed Al-Fouzan stated that the educational product that KFH offers for the first time, serves a large segment of Kuwaitis and non-Kuwaitis. He explained that KFH purchases seats at universities, schools, and institutes, then resells those seats to the public. People can pay through monthly installments, and the ceiling of the service is KD 15,000. He added that the first installment can be postponed for six months, and the service is possible for all people in Kuwait, regardless of whether they are KFH clients or not. However, the service is subject to the credit rules and regulations.
Moreover, Al-Fouzan noted that the client should present a price quote from the educational institution to any KFH branch. He stressed that the person requiring the service must have an original price quote, original ID, a recent salary certificate that shows the net salary, and a balance inquiry for the clients of other banks.
Furthermore, Al-Fouzan said that KFH seeks to diversify its financing services that play a role in meeting the needs of clients in all fields, whether commercial or industrial finances, in addition to educational services at schools and universities in Kuwait, and overseas scholarships; especially that the cost of education is high.

distributed by

Publicnow 2013
All news about KUWAIT FINANCE HOUSE KSC
11/23KUWAIT FINANCE HOUSE K S C P : KFH Inaugurates Revamped Hateen and Airport Branc..
PU
11/15KUWAIT FINANCE HOUSE K S C P : KFH to Launch Opening Bank Account Online for New..
PU
11/10KUWAIT FINANCE HOUSE K S C P : KFH Signs Partnership with LinkedIn to launch Edu..
PU
11/02AL-MARZOUQ : KFH Achieved KD 101.2 Million Net Profit until End of Q3 of 2020
PU
10/28KUWAIT FINANCE HOUSE K S C P : KFH Launches New "Baiti Online" Service
PU
10/07KUWAIT FINANCE HOUSE K.S.C.P. : quaterly earnings release
09/16KUWAIT FINANCE HOUSE K S C P : “KFH” statement
PU
08/19Kuwaiti lessor Alafco delays Airbus orders
RE
08/19Kuwaiti lessor Alafco delays Airbus orders
RE
08/13KUWAIT FINANCE HOUSE K S C P : KFH First Bank to Offer “Kuwait Mobile ID&r..
PU
More news
Managers
NameTitle
Mazen Saad Ali Saad El-Nahedh Group Chief Executive Officer
Hamad Abdulmohsen Hamad Al-Marzouq Chairman
Abdullah Mohammed Abdullah Al-Haous Group Chief Operations Officer
Shadi Ahmed Yacoub Zahran Group Chief Financial Officer
Srood Amed Sherif Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
KUWAIT FINANCE HOUSE KSC17 217
HDFC BANK LIMITED12.15%107 171
US BANCORP-24.64%66 600
POSTAL SAVINGS BANK OF CHINA CO., LTD.-19.06%64 132
BANCO SANTANDER, S.A.-31.04%51 068
BANK OF COMMUNICATIONS CO., LTD.-24.91%47 995