Business & Money | Monday 16 January, 2017 8:30 am |

Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Jassim Mohamed A J Al-Kaabi as the winner of its QR 1 million 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 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 to 3,000,000 Qatari riyals cash rewards throughout the year, on the condition that the customer deposit does not go below 10,000 Qatari riyals.

On a monthly basis, there is a draw for the cash prize of 5,000 Qatari riyals, as well as a 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 Riyal 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.

On announcing the grand prize winner, Mr. Khalid Al Subeai Acting 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. Congratulations to Mr. Jassim Mohamed A J Al-Kaabi for winning the grand prize, who we wish the best of luck in his endeavours.”

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 five 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.