IslamicFinance.de

Kuwait Finance House is eager to offer its clients banking products that bond the value of saving, saving being a main factor in boosting the local economy.
The new account is a combination between the advantages of investment saving accounts and Islamic Takaful insurance. "Jameati Account" permits parents to aim a specific amount of money which will be saved within a predetermined period to finance the high educational expenses of their children. The monthly saving is invested and profits are added to the Jameati Account. When the child becomes 18 years the targeted saving amount plus the profits will be available and the parent and the child will decide the best university to follow higher education and this university could be in any part of the world.