BAYT AL MAL INVESTMENT COMPANY, BIC/SWIFT Code Details
BAYTKWK1 is the SWIFT/BIC code for BAYT AL MAL INVESTMENT COMPANY in Kuwait. It identifies the head office. The 8-character form is BAYTKWK1 and the 11-character form is BAYTKWK1XXX.
Address: WAFRA REAL ESTATE BUILDING, AHMED AL JABER STREET SAFAT, 13067 20607 KUWAIT
General instructions for international payments to banks in KUWAIT:
Ensure all required bank information is obtained from the Beneficiary, such as SWIFT BIC, IBAN, and beneficiary bank address.Non-residents can hold both local and foreign currency accounts in Kuwait.There are no foreign exchange controls in Kuwait.For Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address. Initials can delay funds receipt.For Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), and address. Initials m ... ay delay fund receipt.Beneficiary IBAN must be included in the payment instructions.Include SWIFT BIC with branch identifier, full name, and address of the beneficiary bank.No bank clearing codes in Kuwait for cross-border payments; SWIFT BIC is crucial for routing payments.Provide the purpose of payment as recommended (SWIFT MT103 F70).Note that markets are closed on Fridays in Kuwait. Read more
IBAN: In Kuwait, the IBAN consists of 30 characters. It starts with the country code 'KW,' followed by a 2-digit checksum, a 4-letter bank code, and a 22-digit domestic account number. Example of electronic format: KW98ABCD7654321987651234567891 and print format: KW98 ABCD 7654 3219 8765 1234 5678 91.
Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.
To track a SWIFT cross-border payment to or from BAYT AL MAL INVESTMENT COMPANY, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
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