Kuwait Finance House Co. Ltd. has launched a prepaid card targeting Kuwaiti youths ages 15 to 21, the Kuwait City-based bank recently announced.

The MasterCard-branded Hessabi chip-and-PIN prepaid card is available for free to customers who open an account with the bank. During a promotional campaign for the card that runs through the end of the year, new cardholders may also enter a sweepstakes to win Apple Inc. products.

As part of the Hessabi card program, the bank says each year it will put a portion of funds the accounts generate toward Sharia-compliant investments.

The Hessabi card will also provide cardholders with year-round discounts at popular local stores, the bank says.

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