Barwa Bank yesterday announced the names of the October draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
Sheikh Ahmad Nooh Al Thani and Seham Balawni each won a cash prize of QR50,000. Also, a cash prize worth QR25,000 was awarded to Abdulla Ali Al Khulaifi, Abdualla Mohammad Al Kaabi, Surya Prakash Kanchinadham, and Reema Mohamed Al Maadeed.
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 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 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, 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.
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 seven strategically located branches and a broad network of ATMs across the country..
