Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of their most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Ali Laith Rasheed and Mr. Morad Mohamed Tonsi Mohamed Ragab each won a cash prize of QR 50,000.
Also, a cash prize worth QR 25,000 was awarded to the following bank clients: Kayingil Mohamed Kutty Abdutty, Naseer Ahmed Madni, Mohamed Nacer Samaali, and Abdulla Demen M M Al Muhannadi. The April 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 1,000,000 Qatar riyals, 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 3,000,000 Qatari riyals, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of 10,000 Qatari riyals.
On a monthly basis, there are 7 winners per draw for the cash prize of 5,000 Qatari riyals, as well as 4 winner’s per-draw for the cash prize of 10,000 Qatari Riyals. Additionally, twice-a-year there are 4 winners per draw for the cash prize of 25,000 Qatari prize, 2 winners per draw for the cash prize of 50,000 Qatari riyals and 1 winner per-draw for the grand prize of 1,000,000 Qatari riyals. Rewarding 102 winners in total with cash prizes up to 3,000,000 Qatari riyals.
Coupled with cash prizes and a reward scheme, Thara’a is a product full of value-added benefits and services. Thara’a offers account holders access to Barwa Bank’s innovative banking channels, with benefits including unlimited withdrawals and deposits, as well as free fund transfers across their accounts and through all Barwa Bank channels.
Barwa Bank offers an extensive variety of personal banking products and investments, as well as eight strategically located branches and a broad network of more than 60 ATMs located across Qatar. Customers can access their accounts from the convenience of their office or home through the state-of–the-art online banking, or via the 24/7 Contact Centre.