Kuwait Finance House (KFH) is the first foreign Islamic bank in Malaysia that offers investors an opportunity to invest in paper gold. The Kuwait Finance House Gold Investment Account also know as KFH Gold Account-i allows investors to conveniently invest and trade in Gold according to the Shariah Concept of Bai' As-Sarf & Qardh. The account allows investors to track and plan their investments as all trades are recorded in the account statement.
Benefits:
- Enjoy peace of mind when you purchase gold without having to keep the physical gold.
- Withdraw the physical gold on the spot or have the Bank retain the gold under Qardh concept.
- Purchase/Sale can be arranged via debit/credit from your KFH Savings Account-i or KFH Current Account-i.
- Affordable initial deposit as low as 10gm (for individuals/joint) & 50gm (for non-individuals)
- Opportunity for capital gain if gold price appreciates.
- No charges imposed on safekeeping and withdrawal
- 24-hour Customer Contact Centre
Purchase of Gold:
Initial:
- Individuals / Joint: 10gm, in multiple of 1gm
- Non-Individuals: 50gm, in multiple of 1gm
Subsequent: 1gm, in multiple of 1gm
Fineness of Gold:
995.0
Denomination:
1, 5, 10, 20, 50 & 100 gm
Eligibility:
Individual / Joint Account
- Male & Female individual who have attained the age of 18 years old
- Malaysian citizen, permananet resident or non-resident
Non Individual Account
- Non Individual such as associations, societies, companies, or other business entities that KFH Malaysia finds suitable or acceptable
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