COMMUNITY NEWS
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.
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.