Al-Sunbula Deposit is Shari'ah-compliant and is based on an investment agency. The customer can invest in Al-Sunbula Deposit for the period he determines, being one, three, six, nine, eighteen, or twenty-four months, provided that the minimum amount to open the deposit is KD 5 thousand. To open Al-Sunbula Deposit, customers do not need to visit Warba Bank the branches. They can do that via Warba Bank Application or the Bank's website.
Al-Sunbula Deposit can be automatically renewed at maturity. It provides the highest profit rate among the Bank's deposits and deposits of other banks reaching up to 3% for two - year deposits depending on the amount to be deposited.
By launching Al-Sunbula Deposit, Warba Bank offers its customers wider options by enhancing their winning chances. Today, our customers can distribute their deposits between Al-Sunbula Accounts and Al-Sunbula Deposits so that they can get double winning chances at the monthly draw of the Al-Sunbula Account and enjoy the high monthly profits from Al-Sunbula Deposit. "Today, Warba Bank is the champion of Islamic banking industry in Kuwait. This reinforces its efforts to innovate banking and investment solutions that appeal to its customers, particularly that the Bank is firmly confident and going ahead towards further growth, expansion and development.
Moreover, Al-Sunbula Account provides valuable opportunities to customers. The customer gets one chance to win in the monthly draw for each KD 10 in the account. This means multiplying the chances of winning by increasing the amounts deposited to win the draw prize available all year round.
Based on the principle of "investment agency" applied in the saving discipline, Al-Sunbula Account is available to all Kuwaiti and expatriate customers. Salary transfer to Warba Bank is not a prerequisite. Hence, any eligible individual can open Al-Sunbula Account at one of the Bank's branches within a few minutes, via the online banking services, or through Apple and Android devices. Furthermore, everyone can view the details of Al-Sunbula Account, account opening terms and benefits in detail by visiting the Bank's website.
Like other accounts provided by the Bank, the Al-Sunbula Account allows customers to take advantage of all premium and innovative services provided by the Bank, including debit card and credit card services.