$65 mln donated to benefit nearly 10,000 people
KUWAIT CITY, March 10: Based on the keenness of the Board of Directors of Kuwait Finance House (KFH) to expand the scope of social responsibility in view of the circumstances the country is going through since the beginning of 2020, it has recommended launching a strategic initiative, with the cooperation of the Ministry of Justice, to repay the debts of defaulting debtors and individuals against whom judicial rulings have been issued for their arrest, given that $65 million has been donated to benefit nearly 10,000 people, reports Al-Anba daily.
In this regard, the acting CEO of KFH Group Abdul Wahab Essa Al-Rashoud explained that benefiting from this initiative will be subject to well-studied criteria and conditions from the Sharia viewpoint. The implementation of the initiative is aimed to contribute in relieving the burden endured by a number of debtors among the poor families and defaulters because of their economic conditions a
As part of a strategic initiative in collaboration with the Ministry of Justice, Kuwait Finance House is covering over KD20 Million in debts to release approximately 10,000 defaulting. | March 4, 2021