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CBK's Approval on the Full Conversion of Gulf Bank to Operate in Accordance with the Provisions of Islamic Sharia'a and to Proceed with Completing the Conversion Procedures

 

Ahmad Mohammad Al Bahar
Gulf Bank Chairman
 

  • "Approval reflects our strategic vision and commitment to meeting the aspirations of customers and shareholders"

Who is it for?

  • Customers who seek to finance the purchase, construction, renovation and maintenance of private residence.

Benefits

  • Up to 3 months installments extension per year.

  • Loan amounts up to KD70,000 offering flexible repayment terms at an annual interest rate of 6.5%.

Features

  • Repayment period from 1 to 15 years for Kuwaitis, and from 1 to 10 years for Expatriates.

  • Monthly payment cannot exceed 40% of income for salaried & 30% for pensioners.

Limitations

  • Salary must be transferred to Gulf Bank.

     

Terms & conditions


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