Warba Bank has introduced ‘SiDi Easy Finance’, Kuwait’s first digital financing solution exclusively designed for residents under Article 20 (domestic workers), reinforcing its commitment to innovative services that cater to all segments of society.
This initiative is part of Warba Bank’s strategy to strengthen financial inclusion for low-income segments that often face limited access to suitable banking services. The service provides financing in three tiers of $325 (KD 100), $650 (KD 200), and $975 (KD 300), with flexible repayment options ranging from 3 to 9 months.
Previously, Warba Bank launched the SiDi account to provide integrated banking solutions that include account opening and low-fee remittances, designed to suit the needs and capabilities of low-income clients.
SiDi Easy Finance service provides a fully digital, secure, and user-friendly experience. SiDi clients can submit financing applications, receive approval and obtain financing without the need to visit any bank branch. The process begins with submitting an application via the SiDi app, which first requires the client to open a bank account through the app, a process that is entirely free, simple and secure.
To ensure the highest standards of authentication and security, clients must activate their digital signature through self-service kiosks provided by the Public Authority for Civil Information (PACI), available at multiple locations including PACI headquarters, major shopping malls and main markets, in addition to a kiosk available at the dedicated SiDi branch.
SiDi Easy Finance service also saves sponsors time and effort, as they are not required to intervene in any of the financing procedures related to the worker. All steps are completed digitally via the SiDi app, eliminating the need for sponsors to follow up on applications or provide direct financial support.
The SiDi Easy Finance service operates under a strict regulatory framework, fully compliant with Islamic Sharia and Kuwaiti authorities’ guidelines, ensuring safe and legitimate transactions. It is also built to the highest standards of cybersecurity and data protection, in line with both local and international digital banking regulations.
Hamad Mohammad Ashkanani Senior Director Business Excellence Warba Bank
“We are proud to be the only bank in Kuwait providing specialized financing solutions for domestic workers. SiDi Easy Finance is not just a financial product; it is a true embodiment of our vision ‘Let’s Own Tomorrow,’ as we work to build a fair and inclusive financial system that serves all members of society without exception. At Warba Bank, we do not only provide financial services; we redefine the very concept of banking experiences by investing in smart, digital solutions that reflect our clients’ needs and modern lifestyle. Our goal is to offer real value and full control over their financial transactions with ease and security. We believe that continuous innovation is the way forward to deliver banking services that adapt to market changes and the evolving aspirations of individuals in today’s fast-moving world.”
Ashkanani further stressed that this financing solution is governed by a regulatory framework compliant with Islamic Sharia principles and requires no financial commitments from the sponsor. He noted that this reflects the very purpose of the SiDi account, which aims to provide full independence for its clients, while also supporting sponsors by offering additional options to track salary transfers alongside a set of free banking services and products through the SiDi app.
With SiDi Easy Finance, Warba Bank becomes the first and only bank in Kuwait to offer dedicated financing for domestic workers, underscoring its commitment to innovation, financial inclusion, and social responsibility. This milestone adds to the Bank’s track record of pioneering initiatives, strengthening its role as a progressive Islamic financial institution that blends technology with social values to build a sustainable and inclusive financial future.
Warba Bank has swiftly emerged as a pioneer in Islamic digital banking and ranks among the local banks with the broadest shareholder base, further deepening its connection to all segments of society. This accomplishment reinforces its reputation as a trusted financial partner that unites innovation with social responsibility to deliver top-tier services and products.
