KFH–Bahrain defers payment of installments without charges for six months to all Bahraini and resident clients with no exception to ease their financial burden.

GCC

KFH–Bahrain defers payment of installments without charges for six months to all Bahraini and resident clients with no exception to ease their financial burden.

Mar 26, 2020 8:42 AM

Kuwait Finance House – Bahrain, a leading Islamic bank and major contributor to the development of Bahrain’s Islamic financial services sector, has announced postponing the personal financing installments for all Bahrainis and residents’ individual clients and corporates for six months starting from March without any additional fees or profits.

This decision is in line with the instructions of the leadership and the Central Bank of Bahrain’s initiatives, which urged all banks and microfinance institutions in Bahrain to defer collecting financing installments from the clients.

Commenting on this decision, Mr. Abdulhakeem Alkhayyat, Managing Director and CEO of Kuwait Finance House – Bahrain, said: “This initiative stems out of our responsibility to the community under this exceptional circumstance, and augments the efforts spearheaded by the Government of the Kingdom of Bahrain through the CBB to help all our clients.”.

Alkhayyat added: “As part of the national campaign to combat COVID-19, we urge all our clients to use our digital channel, KFH JAZEEL banking mobile application, to carry out all their banking transactions without having to visit KFH branches. Should any client face any difficulty our Call Center agents will be available to assist.”

KFH–Bahrain wishes all citizens and residents of the Kingdom of Bahrain continued safety and wellbeing, and pray to Allah Almighty to help the Kingdom and the world to overcome this challenge quickly, with the ongoing efforts to control the spread of this virus.