(MENAFN- The Peninsula) The Peninsula
Barwa Bank, one of Qatar's leading Shari'ah compliant financial services providers, announced the names of the most recent round of draw winners for Thara'a, its Shari'ah compliant savings account, at the Bank's headquarters.
As the draw results showed, Saleem Abdulkarim Mohd Eideh, Irfanmalik Fayyazmalik, Mohammed Sultan Sorour and Aisha Khamis Nasser, each won a cash prize of QR10,000. Also, a cash prize worth QR5,000 was awarded to the following bank clients: Kamarunnisa Faizal, Hanady Ameer AL Mulla, Abdulrahman Ali AL-Mutawa, Yousef Yacoub Al Obaidly, Mohamed Emara, Jana Nagy Abdelaziz Mohamed and Elasyed Salem.
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 QR1m, 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 QR3m, Thara'a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of QR10,000.
On a monthly basis, there are 7 winners per draw for the cash prize of QR5,000, as well as 4 winners per 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 QR1m. Rewarding 102 winners in total with cash prizes up to QR3m.
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.
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