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Al-Tharwa

Al-Tharwa

Al-Tharwa

Wealth is in your Al Tharwa account!

Al Tharwa account is an investment savings account where profits are paid at the end of every quarter and are calculated on the average end-of-day balance for each month.
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Features

  • The Bank will invest 60% of the balance, while the remaining amount will be treated according to the current account principle
  • Minimum balance : KD 500 only
  • Available in Kuwaiti Dinars and other major currencies
  • Salary cannot be transferred to this account
  • There is no minimum balance charge

Benefits

  • Profits are paid at the end of every quarter and are calculated on the average end-of-day balance for each month
  • Free ATM debit card
  • Free online banking

Conditions and required documents

  • Valid civil ID card
  • FATCA
  • KYC (Know Your Customer)
  • AML (Anti-Money Laundering)
  • W8 W9 for US nationals
  • PEP

Terms and conditions

  • Profit is calculated based on the daily balance during the month.
  • The Bank receives 40% of the net profit realized in the investment savings accounts against its share as a Mudarib partner.
  • If the account is closed, it will be marked as “Pending Profit Payout” and will be permanently closed once profits are distributed in the second quarter of account closure.

Frequently asked questions

Can I have a card for this account (debit/credit)?
Yes
Is the KD 500 blocked?
No
* The opening of an account is subject to the Bank's terms and conditions

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We're happy to bring you our unique services and look forward to serving you. Please fill out the form to get started.
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Al-Tharwa

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    Because serving you best is at the top of our priorities, we have designed a special account for the transfer of your monthly salary. The salary account is for individuals only and within your reach. The credit balance in your account is considered an interest-free loan where the account is not subject to profit and loss.
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