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Kuwait Finance House-Bahrain (KFH-Bahrain), unveiled a new brand identity for 'Baytik Ijara Card', the first Islamic financing card that allows cardholders to acquire durable goods on a lease-to-own basis.
Khalid Rafea, executive manager and head of banking group at KFH-Bahrain, said: "Kuwait Finance House-Bahrain has ambitious expansion plans for the Baytik Ijara Card, including significantly increasing the number of the retail sectors and merchants accepting the card across the country. The aim is to meet the increasing demand for Islamic financing services.
"The purpose of the Baytik Ijara Card re-launch is to introduce an exciting new financing facility from KFH-Bahrain that enables customers to purchase durable goods, such as household appliances and electrical items, and make the repayments over an agreed period of time. What is exciting and beneficial for the customer is the fixed low profit rate - an incredible 0.7 per cent - and the prospect of investing in their future without exposure to fluctuating interest rates."
He added: "KFH-Bahrain was the first Islamic bank to provide such a unique and distinguished financing service."
