Kuwait’s Warba Bank presents Investment Saving Account

March 3, 2015 7:20 am

Adnan Al Salem, Warba Bank.

Warba Bank today announced that it is offering the highest market returns for customers through its Investment Saving Account, where clients will receive quarterly profits through their short-term investment, in compliance with Islamic Banking regulation.

Profits will be deposited directly into a customer’s account which will allow significant flexibility in managing their savings throughout the year. The calculated profit percentage on the Investment Saving Account is considered among the highest of its kind in the local market.

It is worth mentioning Warba Bank offers a wide range of other products which adopt the same strategy to saving, as part of promoting the saving culture among the various segments of Kuwaiti society. Examples include the Shabab Warba youth account and the Tala account, which enables parents to secure their child’s future with a competitive rate of return.

Commenting on the account, Adnan Al Salem said: “As part of our continuous commitment to providing the best services to our customers and depositors, Warba Bank is proud to provide this perfect savings account which enables customers to receive quarterly returns considered to be among the highest in the Kuwait.” He continued, “With the Investment Saving Account, Warba customers will receive Smart-Chip ATM cards which will enable them to enjoy the benefits and special services of the account in addition to online electronic banking services and SMS banking services.”

Al Salem added: “Warba Bank has achieved a significant performance record during the past year and accomplished strong financial results, which contributed to the increase in competitive profit percentages for the saving account. Launching this account is considered clear evidence that we are providing our customers with all value-add banking products and services which are Sharia compliant.”

Al Salem concluded: “In all our branches we are keen to provide the best services which fulfill the needs and requirements of our customers; we direct our focus on expanding our current customer base by attracting new customers and providing a wide range of attractive offers.”

It is worth mentioning that the Investment Saving Account is being well-received in the local market as it is characterized by the flexibility of withdrawals and deposits. Customers can take advantage of the account by shopping through all local and international points of sale approved by the bank, with utmost privacy guaranteed by Warba credit cards equipped with the ultra-secure smart chip. Customers can also benefit from the maximum daily ATM cash withdrawal limit which is KD 2000 and KD 3000 for Al Safwa account special customers. They can also utilize the SMS service, as well as free internet banking services to enquire about their balances, whilst inside the country or abroad.

For more information on Warba’s Investment Saving Account, please contact the Customer Service Center on 1825555, or visit one of the Bank’s branches.

Warba Bank recently won the Best Call Centre Award 2014 from Banker Middle East Magazine for providing banking products and services in Kuwait by CPI FINANCIAL. The Call Centre at Warba Bank continues to provide the highest levels of performance satisfying customer needs, responding to their enquiries about the wide range of products and services provided by the Bank, receiving customers’ suggestions and finding quick and practical solutions for their queries 24/7.


AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.