KFH-Bahrain Announces Libshara’s 5th Grand Prize Apartment Winner

Press release
Published June 12th, 2018 - 04:40 GMT
Mr. Subah Al Zayani with Mr. Abdulsamad Ghanim
Mr. Subah Al Zayani with Mr. Abdulsamad Ghanim

Kuwait Finance House – Bahrain (KFH-Bahrain) announced Mr. Abdulsamad Ghanim as the Libshara Grand Prize winner of the fifth luxury apartment in Marassi Al Bahrain for April 2018. The draw took place at the KFH-Bahrain headquarters located in Bahrain World Trade Centre under the supervision of the Ministry of Industry, Commerce and Tourism. The apartment handover ceremony was held at the Marassi Al Bahrain Sales Centre, in Diyar Al Muharraq, in the presence of representatives from KFH-Bahrain and Marassi Al Bahrain. 

Deputy Executive Manager of Retail Banking Group at KFH-Bahrain, Mr. Subah Abdullatif Al Zayani said: “We would like to extend our congratulations to Mr. Abdulsamad Ghanim for winning the luxury apartment at Marassi Residences located in Marassi Al Bahrain. KFH-Bahrain is always committed to provide our customers with the best products and financial services to meet their banking needs. We have recently launched our new platform ‘Jazeel’ on both Apple and Google stores, which includes the feature to open a ‘Libshara’ account for all citizens and residents of the Kingdom within a few minutes, without having to visit the branch. We invite everyone to download this platform, open and invest into a Libshara savings account and stand a chance to win many more Grand Prizes of apartments and cash, as well as other monthly cash prizes."

The winner of the grand prize, Mr. Abdulsamad Ghanim, said: “I have been investing into ‘Libshara’ account for a long time, thanks to Allah, I am now the owner of a luxury apartment at Marassi Al Bahrain. This encourages me to continue investing and banking with KFH-Bahrain including opening a ‘Libshara’ account for my children. I also recommend others to do the same.”

During the 2017-2018 Libshara campaign, KFH is awarding significant prizes to the winners, including luxury apartments in the prestigious real estate development ‘Marassi Al Bahrain’ located at Diyar Al Muharraq and cash prizes worth $140,000 for 85 winners split into two grand prizes worth of $50,000, two prizes worth of $10,000 and two prizes worth of $5,000 sums. Furthermore 40 winners will receive $1,000 each and ten winners from Libshara’s special categories – namely ‘Our ladies’, ‘Our Children’, ‘Our Savers’ and ‘Our Cards’ – received $500 each.

The ‘Libshara’ Savings Investment Account is a Sharia’a compliant savings scheme that offers clients valuable monthly prizes. For every BD50 or its equivalent in USD saved for a period of one month prior to the end of the month, clients are entitled to enter the raffle and can increase their chances of winning one of the many exciting prizes. An investment period of three months is equal to one chance at entering the raffle draw, whereas six months gives two chances and nine months is three chances.

The ‘Libshara’ Savings Investment Account is available to citizens and residents of the Kingdom of Bahrain and the GCC who are 18 years and above or by a legal guardian on behalf of a minor. It is also available to establishments and corporations. The account also allows the customers to receive annual profits distributed monthly.

Background Information

Kuwait Finance House - Bahrain

Kuwait Finance House (KFH) is considered a pioneer in the Islamic banking phenomenon known as ”Islamic Finance” or “Sharia’a” compliant banking. Kuwait Finance House (KFH) is the first Islamic bank established in 1977 in the State of Kuwait and today it’s one of the foremost Islamic financial institutions in the world.

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