Barwa Bank Announces Grand Prize Winner of Thara’a Savings Account
Barwa Bank has announced Amal Ghalayini as the winner of its QR1m Thara’a grand prize.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Thara’a offers account holders the chance to benefit from cash rewards up to QR1,000,000, a first for Islamic banks in Qatar. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes, totalling to QR3,000,000 cash rewards throughout the year, on the condition that the customer deposit does not go below QR10,000.
On a monthly basis, there is a draw for the cash prize of QR5,000, as well as a draw for the cash prize of QR10,000.
Additionally, twice-a-year there are 4 winners per draw for the cash prize of QR25,000 prize, 2 winners per draw for the cash prize of QR50,000 and 1 winner per draw for the grand prize of QR1,000,000.
Rewarding 102 winners in total with cash prizes up to QR3,000,000 in 2017.
On announcing the grand prize winner, Khalid Al Subeai Group Chief Executive Officer at Barwa Bank, said: “Part of Barwa Bank’s commitment is providing the best services and products to their customers, as well as reward clients for choosing our bank as their trusted banking provider.
“The Bank’s Thara’a draw is our own special way of saying thank you to our clients for using our Shari’ah compliant savings account, with the QR 1 million grand prize. We practice a special method to make a difference in one customer’s life.”
Source: The Peninsula
On 21 April 2019, Barwa Bank has announced the official completion of its legal merger with International Bank of Qatar (ibq). The merger, which brings two of Qatar’s leading and most dynamic financial players under one roof, will establish a powerhouse Shariah compliant financial institution in both local and regional markets, backed by robust liquidity and solvency levels.