KIB Unveils Special Edition VISA Cards for Om Al Qura Foundation

Press release
Published April 5th, 2015 - 07:30 GMT
Pre-paid VISA Card for Om Al Qura Foundation
Pre-paid VISA Card for Om Al Qura Foundation

Kuwait International Bank announced the launch of cobranded Pre-paid VISA Card for Om Al Qura Foundation, as part of the bank’s efforts to establish stronger ties with educational bodies in Kuwait.

The Cobranded Pre-Paid VISA Cards cater to both students and faculty members, and are applicable to all nine private schools belonging to Om Al Qura network, including the renowned Ajial Bilingual School.

Those holding Om al Qura Cobranded  Pre-paid VISA Cards will be able to use them for tuition expenses, school supplies and any other purchase that accepts VISA payments.

“The Om Al Qura VISA Cards are the first tailor-made cards for educational institutions in Kuwait and underscore KIB’s commitment, laying a solid foundation for financial understanding amongst youth,” explained Deema Almulifi, Unit Head - Credit Card, Retail Banking Department.

Almulifi explained that Om Al Qura Cobranded VISA Cards will assist in providing students with a sense of financial freedom and responsibility that will aid them in their future growth. In addition to the card offering, KIB is making available interest-free financing facilities to students and parents seeking to finance their education.

Background Information

Kuwait International Bank

KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company.  It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank. 
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.

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