Al Salam Bank-Bahrain Announces First Winner of One of Three Monthly Grand Prizes of $ 100,000

Press release
Published October 21st, 2020 - 10:06 GMT

Al Salam Bank-Bahrain Announces First Winner of One of Three Monthly Grand Prizes of $ 100,000
Mohammed Buhijji - Head of Retail Banking
Highlights
Al Salam Bank-Bahrain (Al Salam Bank) has named Mr. Taqi Mohammed Maki as the winner of one of three monthly prizes of US$ 100,000.

 

Al Salam Bank-Bahrain (Al Salam Bank) has named Mr. Taqi Mohammed Maki as the winner of one of three monthly prizes of US$ 100,000. 

The prize is part of the Bank’s Danat Saving Scheme which has been running for 12 years and offers customers the chance to win attractive prizes. The lineup of prizes for 2020 features a range of cash prizes, including daily prizes of US$ 1,000, three monthly prizes of US$ 100,000 and a number of other special prizes available through the bank’s digital channels, official Instagram account and branch network.

The semi-annual prize of one year’s salary paid at BD 5,000 per month was recently awarded to 22-year-old Bahraini student Hussain Ali Al Qarooni. The Al Dana Grand Prize of a luxury villa in Saar with a luxury car and a year’s salary of BD 5,000 per month still up for grabs.

Head of Retail Banking at Al Salam Bank-Bahrain Mr. Mohammed Buhijji said: “We’re delighted to offer our warmest congratulations to Mr. Taqi Mohmmed. As a bank, we are always looking for new ways to support our customers, whether they are students, small businesses or families. Thanks to the recent launch of our flagship mobile banking app, it is now quicker and easier than ever to open a new Danat Savings account or top up your existing account. The application allows for entirely digital onboarding, allowing customers to sign up and start making deposits and investments in minutes. All it takes is a few taps on a phone, without the need for any physical documentation or even having to step foot into a physical branch.”

The scheme is open to all Al Salam Bank customers who can enter the prize draw by investing a minimum of BD 50. For each further BD 50 invested, customers are re-entered into the draw, increasing their chances of winning one of the prizes. The more that is invested and the longer the period the savings account is maintained, the higher the chances of winning.

The Danat Savings Scheme is one of the Bank’s most popular products, offering customers a structured way to save up for their goals as well as the chance to win truly life-changing prizes. For more information about the Danat Savings Scheme, please visit the Bank’s website: https://www.alsalambahrain.com/save/danat-savings-scheme/ 

Background Information

Al Salam Bank

Al Salam Bank-Bahrain B.S.C (ASBB) is an Islamic bank headquartered in the Kingdom of Bahrain, and licensed and regulated by the Central Bank of Bahrain.

ASBB was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and commenced commercial operations on 17 April 2006. The Bank was listed on Bahrain Bourse on 27 April 2006 and subsequently on the Dubai Financial Market (DFM) on 26 March 2008.

ASBB completed its merger with the Bahraini Saudi Bank (BSB) on 22 December 2011. On 2 February 2014, Al Salam Bank-Bahrain and BMI Bank B.S.C. (c) confirmed the conclusion of a business combination between the two institutions after obtaining the approval of their shareholders at their respective extraordinary general assembly meetings, and of 30 March 2014 BMI Bank became a wholly owned subsidiary of ASBB.

ASBB offers its customers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through an extended network of branches and ATMs, utilizing the state-of-art technologies to meet various banking requirements. In addition to its retail banking services, the Bank also offers Corporate Banking, Private Banking, Asset Management and Treasury services. The Bank's high-caliber management team is comprised of highly qualified and internationally experienced professionals with proven expertise in key areas of banking, finance, and related fields.

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