Burqan Bank Offers Flexible Financing Solutions for University Education
Burqan Bank offers flexible financing solutions for university education in collaboration with the American University of Kuwait.
Translated by Qiyas from الجريدة — Original source
Believing in the importance of investing in education and its role in empowering youth and honing their capabilities, Bank Al-Burhan continues to support educational initiatives that contribute to preparing a qualified generation capable of building its future and contributing to the development of Kuwait.
In this context, Al-Burhan announced the signing of a strategic partnership agreement with the American University of Kuwait (AUK) during a ceremony held at its headquarters. Through this partnership, the bank offers its customers and their families flexible financing solutions to help ease the costs of university education, providing convenient facilities that alleviate the financial burdens related to tuition fees for families, while simultaneously strengthening the bank’s ties with the academic community.
This partnership reflects Al-Burhan’s strategy, which places customers and society at the core of its priorities, and underscores its continuous commitment to providing innovative financial solutions that respond to the aspirations and changing needs of families.
The educational financing, available throughout the year, is part of a package of banking facilities for education offered by the bank to parents without any administrative costs or fees. Applications can be submitted in accordance with the approved credit policy and subject to meeting the conditions for final approval.
Commenting on the agreement, Fadel Abdullah, CEO – Kuwait, at Al-Burhan, said: “Our long-standing partnership with the American University of Kuwait reflects our steadfast commitment to the pillars of Corporate Social Responsibility (CSR) and integrating Environmental, Social, and Governance (ESG) standards into our initiatives. We believe that investing in higher education is a direct investment in human capital, which aligns perfectly with the objectives of Kuwait Vision 2035 (New Kuwait) to build a knowledge-based economy.”
Fadel added: “By providing flexible financing solutions that help alleviate financial burdens on students and their families, we continue our role as a national financial institution striving to empower youth and deliver sustainable added value to our community and customers at all stages of their lives.”
For her part, Dr. Asil Al-Awadi, President of the American University of Kuwait, stated: “We are proud of our collaboration with Al-Burhan in this initiative, which highlights the importance of the family’s role in supporting their children during their university journey. The university believes in the importance of partnerships that enrich the student experience and enhance the academic path of students. We also value our ongoing partnership with the bank and look forward to continuing our work together to serve our students and support their families.”
Reaffirming its continuous efforts to serve society, Al-Burhan remains committed to supporting the education sector by providing comprehensive banking solutions and facilities that contribute to empowering students and alleviating burdens on their families and customers.
