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Al Jawhara Calculator

The minimum deposit is KD 50 and maximum deposit is KD 500,000.

In case of no withdrawal within the holding period, extra chances will apply.

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  • Announcement of Cash Dividends

    The fund manager of Gulf Equity Investment Fund is pleased to announce a cash dividend of USD 0.500 per unit payable to all unit holders as of 21/03/2024. The cash distribution will take place on Wednesday 27/03/2024 and will be transferred to the bank accounts of the unit holders at National Bank of Kuwait S.A.K.P.

  • Important Announcement

    The fund manager of NBK Kuwait Equity Fund is pleased to announce a cash dividend of KWD 0.0417 per unit payable to all unit holders as of 21/03/2024. The cash distribution will take place on Wednesday 27/03/2024 and will be transferred to the bank accounts of the unit holders at National Bank of Kuwait S.A.K.P.

  • Important Announcement

    Dear customers, Please note that the official working hours at the NBK branches during the Holy Month of Ramadan will be from 10 AM until 1:30 PM. All NBK branches shall be closed after Iftar with the exception of our branches at Kuwait International Airport and the Avenues,Grand Plaza-The Avenues, Khairan Outlet Mall & The Warehouse Mall, in addition to the ITM service, and NBK self-service branches. Ramadan Mubarak.

  • Important Notice

    NBK will never ask you for your account number, card number, CVV, OTP/PIN numbers over the phone, Viber, WhatsApp or any other means. Please do not disclose your personal information to anyone. Learn more

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The Role of Banks in Kuwait

The Role of Banks in Kuwait

27.01.2021

Banks are defined as "institutions whose primary function is to accept deposits for use in banking operations, such as providing loans and advances, issuing and collecting cheques, trading in foreign currencies and precious metals, and the other credit operations".

Banks are divided into two types, conventional banks and Islamic banks, and while both of types provide a wide range of banking services, the main difference between them is that Islamic banks take into account that their business does not involve anything contrary to the rules and regulations  of Islamic Sharia, by relying on Sharia-compliance contracting forms such as Murabaha, Musharaka and Mudaraba. To ensure that their actions comply with the rules and regulations of Islamic Sharia, they form Sharia supervisory bodies.