Kuwait Finance House (KFH) was established in 1977 as the first Islamic Shariah-compliant bank globally. Kuwait Finance House (Malaysia) Berhad (KFH Malaysia) opened its first branch on August 8, 2005. Furthermore, KFH Bank provides a wide range of financial products and services to meet the needs and expectations of its potential clients. The KFH Group has 485 locations, 1,479 ATMs, and over 15,000 employees.
Gold investment allows individuals to buy gold without owning physical gold, and gold investments are ideal for those who want to diversify their portfolios. In Malaysia, only a few banks provide this service, but it is worth investigating if you have an extra source of income!
Malaysian citizen, permanent resident or non-resident who are 18 years and above
Associations, societies, companies, or other business entities that KFH Malaysia finds suitable or acceptable
The price of gold will be determined by the Bank at its sole and absolute discretion. It considers all relevant factors, including world market conditions, local currency exchange rates between USD and MYR, and fineness levels.
Your investment may be at risk if market conditions change. Although gold is considered one of the safest investments in the world, you’ll have no control over the profitability of your fund and could sustain losses as well!
Not protected by authorities
Gold investment account is not covered by Perbadanan Insurans Deposit Malaysia (PIDM).
There are no fees for the KFH Gold-i account.
Open a KFH Gold-i account at the nearest Kuwait Finance House branches and the required documents are:
Minimum initial purchase
The amount of gold you need to start an investment account. It depends on the bank and type, but it can be as little as 1 gram or more!
The minimum amount of gold needed to maintain your gold investment account.
Minimum subsequent purchase/ sale
The minimum amount of gold you must involve in any transactions when buying or selling via your gold investment account.
The difference between a bank’s selling price and buying price for gold investments account. For example, you get gold at RM220, and the bank repurchases it at RM210. The buy-sell spread is RM10 (RM220 minus RM210).