Bashayer Al-Yousr Investment Deposit

Bashayer Al-Yousr (investment deposit)

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With the option to have yearly profits and monthly cash advances on your investment savings, Bashayer Al-Yousr investment deposit gives you competitive profits based on Shari'ah principles.

Who is it for?

Kuwaitis and expatriates
For companies and/or individual establishments.

What are the benefits?

Term Deposit: One year
Investment is made on the basis of Mudaraba contract
Option to get financing against a block on your investment deposit*

*Profit is distributed at the end of the financial year

Terms & Conditions:

• The deposit will be renewed automatically for similar term/terms without the need to serve any notice, unless the bank receives written instructions to do otherwise prior 5 business days of the maturity date.

• Should there be a need to withdraw the invested amount of the deposit prior to its maturity, the following rules for the calculation of the profit will be applied:

- For KD deposits the profit calculation to be applied is similar to that applied on the investment saving mudaraba account (Al-Safa quarterly profit distribution). The calculated profit will be deposited in the routing account post the announcment of the quarterly profit in the following quarter.

- For Foreign currency, the profit calculation to be applied is similar to that applied on the investment saving mudaraba account in foreign currency (Al-Safa) the calculated profit will be deposited in the routing account post the announcment of the annual profit.

• For investment deposits with monthly cash advances payment, then the rules for computing the profit for the KD investment (Al-Safa quarterly)

* Approval is subject to terms and conditions applied

For more information, please call Hayakom on 181 2000 at anytime, or visit any branch of Ahli United Bank, Kuwait.