KFH Injaz investment plan tailored to meet spirations of the youth

Kuwait Finance House (KFH) maintains its distinction as a pioneer in offering unique solutions and innovative products. Committed to fulfilling customers' aspirations, KFH provides the best investment plans and solutions, adhering to the highest international standards.

Understanding the aspirations of young investors, KFH offers the versatile Injaz plan. Through Injaz, the youth can plan ahead and achieve their future dreams by investing their savings for specific goals, such as starting a business or purchasing a home.

To open an Injaz investment plan, prospective customers must be between 21 and 55 years old. The plan offers terms ranging from 2 to 15 years. Injaz allows for monthly savings to generate investment returns. Additionally, if the customers are interested in starting a business, they can access both the accumulated savings and investment returns. Upon opening the investment plan, a Takaful insurance policy will be automatically issued in the customer's name. The policy will cover the remaining unpaid target amount in case of death or permanent total disability (due to illness or accident) during the plan's validity period.

Injaz plan offers customers various benefits. These include the ability to adjust the investment amount, or the monthly payments at any time, automatic monthly transfer from the customer's account to Injaz investment plan, the ability to withdraw 60% of the balance in the first year and 60% subsequently each year after the first withdrawal. Customers can make additional financial deposits alongside the monthly deductions without impacting the investment plan timeframe. Upon completion of the investment term, the investment amount and accrued profits will be payable to the customer. The customer can, at any time, cancel the investment plan, and the investment amount with its accrued profits will be refunded up to the plan cancellation date.

It is worth noting that KFH offers a variety of saving plans tailored to different investment goals. These plans include Jameati Higher Education Investment Plan which is designed to support children's college education when they reach 18 years old. Customers can set a target amount for the plan. The invested amount accumulates profits annually, allowing them to benefit from the total sum, including both the principal and accumulated profits, when their children enter university.

KFH has also designed Rafaa Marriage Investment Plan to help parents cover their children's wedding expenses and plan for their future family life. Parents can start contributing towards their children's marriage now by setting a specific amount to cover the anticipated costs. The plan allows them to save the targeted amount along with all accumulated investment profits, which they can then receive at the end of the plan.

Additionally, Thimar plan assists individuals in achieving a comfortable retirement after years of dedication. Customers can choose a desired contribution amount, which will be invested throughout the plan term. The accumulated funds will mature upon reaching the chosen retirement age.