Current Account
Our Current Account is a Shariah-compliant, non-profit-bearing transactional bank account designed to support your day-to-day banking needs. It enables you to deposit and withdraw funds, make payments, and manage your finances securely and efficiently, including across multiple currencies.
This account is offered exclusively to Private Banking customers and is intended for transactional purposes only. It does not pay profit and is not designed for savings or investment.
The credit balance in the Current Account is held on the principle of Qard Hasan (interest-free loan). The Bank undertakes to repay the full credit balance on demand. The account holder does not earn any investment profit and does not bear any risk of loss on funds held in the Current Account.
All clients benefit from the personal support of a dedicated Relationship Manager based in London.
Key Account Information
| Feature | Details |
|---|---|
| Account Name | Current Account |
| Available Currencies | GBP, USD*, EUR* |
| Profit | Non-profit-bearing |
| Purpose | Transactional account only |
| Minimum Balance | No minimum balance on the account |
| Private Banking Requirement | A minimum investment of USD 1,000,000 (or currency equivalent) must be held with Kuwait Finance House Group |
* A GBP account must be opened first before additional currency accounts can be provided.
Shariah Governance
Kuwait Finance House PLC operates in accordance with Islamic finance principles.
All products and services are structured to comply with Shariah requirements and are subject to oversight by the KFH PLC Shariah Supervisory Board.
Vulnerable Customers
We recognise that vulnerability may arise due to health, financial, situational, or capability-related circumstances.
Kuwait Finance House PLC is committed to:
- Treating customers fairly and with respect
- Communicating clearly and transparently
- Providing tailored support where additional assistance is required
If you need extra support, please let us know so we can take your individual needs and circumstances into account. You may contact us by telephone, email, or by visiting our London branch.
Why Open a Current Account With Us?
Dedicated Relationship Management
Each client is supported by a dedicated Relationship Manager who provides personalised service and support in relation to their banking arrangements. Assistance is available in Arabic if required.
VISA Debit Card
- Free VISA debit card for personal use
- Contactless and online payments
- ATM cash withdrawals
- Access to a 24/7 fraud support service
- Add your card to a compatible digital wallet via the KFH PLC mobile app or directly through Apple Wallet, Google Wallet, or Samsung Wallet, enabling secure contactless payments where supported.
Digital Banking
- Secure online banking platform
- Mobile banking app
- 24/7 access to manage your accounts conveniently and securely
Security and Fraud Protection
- Continuous monitoring
- Access to a dedicated around-the-clock fraud hotline
Access to Other Shariah-Compliant Products
Holding a Current Account allows access to Kuwait Finance House PLC’s wider range of Shariah-compliant banking and investment products.
Profit-generating products are offered under separate Shariah-compliant investment arrangements, including:
- Call Deposit Account
- Wakala Fixed Term Investment Deposit Account
These products are subject to their own terms, conditions, and eligibility criteria.
Protecting Your Money
Eligible deposits held with a UK establishment of Kuwait Finance House PLC are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible depositor.
Amounts held above this limit are unlikely to be covered.
Further information is available from:
Who Is This Account For?
The Current Account is available to:
- Private Banking customers only
- Individuals holding accounts on a sole or joint basis (up to four account holders)
- Clients seeking a secure, Shariah-compliant account for everyday banking transactions
To apply for a Current Account, you must:
- Be 18 years of age or older
- Meet Private Banking eligibility requirements, including holding a minimum investment of USD 1,000,000 (or equivalent) with Kuwait Finance House Group
- Reside in:
- The Gulf Cooperation Council (GCC) region, or
- Most Middle East and North Africa (MENA) countries, or
- Other regions where you have a qualifying association, such as business interests or a source of wealth connected to these regions
Required Documentation
You will be asked to provide:
- A valid Passport
- A National Identification Card
- Proof of permanent residential address
- Copies of recent bank statements (where required)
Additional documentation may be requested depending on individual circumstances and regulatory requirements.
Corporate Clients
We also offer Corporate Current Accounts for business clients.
For further information, please contact us directly.
Applications for a Current Account are managed through our Private Banking Relationship Management team.
Contact Us
- In person:
35 Portman Square, London W1H 6LR - By telephone:
+44 (0) 20 7487 6500 - Via your Relationship Manager
- Through the contact form on our website
Documents Required
- Passport and National Identification Card
- Proof of permanent residential address
- Recent bank statements (where required)
- Additional documentation may be requested in certain cases
