Kuwait Finance House Bahrain Launches University Education Financing Program

Press release
Published January 13th, 2022 - 04:05 GMT
Kuwait Finance House Bahrain Launches University Education Financing Program
Hamed Meshaal
Highlights
Kuwait Finance House – Bahrain announced the launch of an educational Shari’a compliant financing program aimed to support payments towards university programs.

Kuwait Finance House – Bahrain announced the launch of an educational Shari’a compliant financing program aimed to support payments towards university programs. The financing program comes with an exclusive 2 year profit-accruing grace period which includes financing of up to BD 30,000 at a low profit rate, subject to terms and conditions. The program is designed to have a total repayment period that extends over seven years, including the grace period.

The University Education Financing Program supports customers during these tough times who find it difficult to finance their children’s higher education, by easing their financial burden. The aforementioned program will also expand the scope of the Bank’s products and services to include all segments of society, and enhance its presence in the local market.

On the occasion of the launch of the program, Mr. Hamed Mashal, Head of Retail Banking at KFH–Bahrain said: “We are pleased to introduce the university education financing program, which will provide finance for our customers to facilitate the completion of the required university education program in order to bring students one step closer to achieving their career aspirations. The finance program was uniquely designed to provide an exclusive 2-year grace period to help ease our customers’ financial burdens. We are hopeful that this program will have a positive impact on our society and we continuously strive to meet the needs of our customers by providing them with an unparalleled banking experience.”

For more information, please call 7777 7777, or visit the KFH-Bahrain website http://www.kfh.bh .

Background Information

Kuwait Finance House - Bahrain

Kuwait Finance House (KFH) is considered a pioneer in the Islamic banking phenomenon known as ”Islamic Finance” or “Sharia’a” compliant banking. Kuwait Finance House (KFH) is the first Islamic bank established in 1977 in the State of Kuwait and today it’s one of the foremost Islamic financial institutions in the world.

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