Sharia Compliant Investment Opportunities in Kuwait with Boubyan Bank

One of the institutions offering investment solutions in the country is Boubyan Bank, with its extensive array of investment plans to cater various life stages and financial goals. Boubyan Bank offers you a multitude of options and investment plans created to cater your unique needs and aspirations. Investment solutions at Boubyan Bank are accessible, seamless, and secure. Read the following to explore the investment options in Kuwait and delve into the diverse investment plans offered by Boubyan Bank.

Boubyan Bank is a renowned financial institution for investment in Kuwait. The investment plans offered are designed to help you achieve different milestones in life such as education, marriage, personal savings, retirement, and more. Now, let's take a closer look at these investment services: 

• Education saving plan: Boubyan Bank’s education savings plan is a long-term investment plan in Kuwait specifically designed to help parents accumulate wealth for their children's educational future. The education saving plan offers benefits like flexibility to discontinue for refund of full accrued saved amount and accrued profits before maturity, installment deduction directly from the account, monthly profit calculation for annual payment, flexibility to partially withdraw from your plan, and Boubyan Takaful insurance for target total of the plan. The approximate tenor for the education savings plan is between 5 to 18 years for KD 3,000 to KD 250,000. You can also choose to opt for a monthly installment amount of KD 20 onwards to benefit from this investment plan in Kuwait.

• Marriage saving plan: The marriage saving plan is a structured savings plan that aims to help individuals and families save for the expenses associated with a wedding ceremony. You can opt for a tenor of 5 to 25 years for a plan amount of KD 3,000 to KD 250,000 when opting for a marriage savings plan. Boubyan Bank also offers monthly installments for this investment plan starting at an affordable price of KD 20. Some of the many benefits of this savings plan include installment deduction directly from your account, monthly profit calculation and yearly profit settlement, flexibility to break the investment before maturity for full accrued saved amount and accrued profits, partial withdrawal, and Boubyan Takaful insurance coverage for the targeted savings amount.

• Personal savings plan: Boubyan Bank's personal savings plan is a versatile and customizable savings plan that caters to an individual's unique financial goals, be it short-term or long-term. Boubyan Bank’s savings plan tenor ranges between 2 to 15 years for an amount of KD 3,000 to KD 250,000. The bank also offers a monthly installment option starting at KD 20 onwards. Some benefits of personal savings plan by Boubyan Bank include monthly profit calculation and annual payment of profit, flexibility to discontinue before maturity without any penalty, and Boubyan Takaful insurance coverage for the total savings plan target amount.

• Retirement savings plan: The retirement savings plan is a long-term savings strategy designed to ensure a comfortable and financially secure retirement. Boubyan Bank’s retirement savings plan offers a plethora of benefits ranging from monthly installments deducted from your account directly, to Boubyan Takaful insurance coverage for total savings plan target amount. Boubyan Bank also calculates profit monthly to be paid annually. You also have the flexibility to break the plan before maturity and get the full accrued saved amount along with accrued profits; you can also choose to partially withdraw from the plan. Boubyan Bank’s retirement savings plan tenor is 5 to 39 years with plan amount between KD 3,000 to KD 250,000. A monthly installment plan starting at KD 20 is also available.

• Al Hana: Al Hana is a Sharia-compliant fixed deposit account that offers attractive profit rates to clients. This account is designed for individuals and businesses seeking capital preservation and a steady return on their investments. With flexible investment tenures and competitive profit rates, this is an ideal choice for risk-averse investors. Benefits of this plan include term options starting from minimum of 1 year to maximum 5 years, automatic renewal options, and monthly profit earning up to 5 years. Deposits should be in Kuwaiti Dinar and American Dollar. People aged 21 and above willing to deposit a minimum of KD 10,000 or USD 30,000 for individual customers are eligible for this plan.

• Al Mona: Al Mona is Sharia-compliant deposit plan. The program is designed based on the principles of Wakala for financial grown and savings opportunity. Advantages of this plan include multiple term options starting from minimum of 3 months to up to 1 year, flexibility to deposit money any time without waiting for payment maturity date, attractive profit rates, and advance disclosure of returns. Anyone above 21 years of age willing to deposit minimum of KD 1,000 for individual customer is eligible for this plan.

• Sama: Sama is a unique investment account that enables clients to invest in a wide array of local and international markets. This Sharia-compliant deposit program gives you access to investment schemes with flexible terms and competitive profit rates. Individuals of ages 21 years and above can invest in this plan for 6, 9, and 12 months. The plan offers automatic renewal options for those looking for hassle-free renewal. This investment plan is only for individual customers and requires a minimum deposit of KD 5,000. 

• Wakala: Wakala is a Sharia-compliant investment program that offers clients a predetermined profit rate through a Wakala agreement. Benefits of this investment plan include multiple term options starting for a minimum tenor of 7 days to a maximum tenor of 12 months. Individuals can know the returns in advance, automate renewal, and opt to deposit in four different currencies, Kuwaiti Dinar, American Dollar, Pound Sterling, and Euro. Wakala investment plan is available for anyone aged 21 years and above. The minimum deposit amount for Wakala investment plan in Kuwait is KD 5,000.

• Al Jana: Al Jana is a Sharia-compliant investment program that offers clients competitive profit rates on their deposits. This plan provides you with the flexibility to withdraw money without breaking the whole deposit plan. Multiple term options for the Al Jana plan start from 3 months to a maximum period of 15 months. Customers can withdraw KD 10,000 daily, while private banking customers can withdraw a maximum amount of KD 100,000 daily. Al Jana plan is available for individuals aged 21 years and above, and 60% of the original deposit amount is reserved.

The key to a prosperous future is a well-crafted investment plan. Boubyan Bank, with its comprehensive range of Sharia-compliant investment plans and products, is your trusted partner in navigating various services for investment in Kuwait. Embrace the opportunities that lie ahead and embark on your journey towards financial freedom today.