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Supplementary Disclosure Regarding the Initial Approval on the Conversion of Gulf Bank to a Bank Compliant with Islamic Sharia’a
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Interest Paid on Maturity
...is withdrawn before maturity, no interest will be paid The principal amount of the deposit is locked in until maturity Interest is paid on a maturity Interest is calculated on maturity Terms Available – from 1 week up to 1 year, 18 months, and 24 months No restriction on maximum deposit amount On ma...
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- Interest Paid on Maturity
Letters of Credit
...is supported by our comprehensive global network of Bank correspondents. All documentation required to initiate payment under the Letter of Credit is clearly defined. They are subject to the standard regulations set out by the International Chamber of Commerce Uniform Customs and Practice for Letter...
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Monthly Interest Deposit
...is broken before maturity, all monthly interest amounts that was paid shall be deducted from the principal amount The principal amount of the deposit is locked in until maturity Interest is paid on a monthly basis Interest is calculated on a daily basis Terms Available – 3 months, 6 months, and 12 m...
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Gulf Bank Receives 'Straight Through Processing Excellence' Award 2015 from Citibank
...is is the fifth consecutive year that Gulf Bank receives this award.Straight Through Processing (STP) is the full automation of a payment transactions by which financial institutions receive and proce...
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Gulf Bank refurbishes Kuwait's University Lecture theaters, reading and exam rooms
...is particularly tailored to comfortably meet the educational demands of university students.With a strategic focus on the development of human capital in Kuwait, this initiative was undertaken to enco...
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Investment
...is proud to announce the release of Gulf Bank Mobile Trader, an iPhone/iPad and Android compatible application for Gulf Bank’s Online Trading Service.
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