Warba Bank launches Murabaha service to finance consumer products and construction materials
- Kuwait: Sunday, September 16 - 2012 at 11:46
- PRESS RELEASE
Warba Bank, recently opened Islamic bank in Kuwait, announced the launch of 'Murabaha' service to finance customers' needs with entire flexibility via basic monthly installments. The new service, which is compliant with the Islamic Sharia principles, allows customers to enjoy purchasing their goods and pay their easy installments within a period that starts from six months up to 15 years.
On his part, Chief Retail Banking Officer at Warba Bank, Adnan Salman Al Salem, said, "Murabaha is the latest service offered by Warba Bank that caters to its customers' essential needs with flexible terms and procedures. The new service plays a role in supporting local sales and demand thus reflecting positively on the Kuwait economy."
Murabaha is offered for both nationals and expats at the age of 21 years and above. It covers several necessary goods and luxury products with competitive costs and quality service.
Furthermore, Al Salem clarified that the service includes financing new and used cars from individuals and agents, new and used boats and marine equipment plus their spare parts, readymade and customized furniture, as well as electronic appliances and its supplies.
As per the bank's vision, Murabaha is provided through up-to-date technologies and expertise to best serve its customers. Warba is keen on offering contemporary solutions through its latest Islamic products and services as means to further strengthen its communication channels with its customers.
It is worth to mention that the bank has recently launched nine banking cards including the standard debit cards; 'Lamar' card for ladies; 'Shabab Warba' for young people; 'Tala' card for children; and 'Safwa' for customers seeking elite services, in addition to three credit cards: the 'Classic' card, the 'Gold' card, and the 'Platinum' card.
Moreover, Warba has launched its call center to attend to its customers' inquiries and provide them with information 24/7.
Customers can know more about Murabaha and the bank's services by visiting Warba Bank or calling 182-5555 to receive more information and assistance 24/7.
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