DOHA: Barwa Bank has announced Sajid Ahmed Radoo as the winner of its QR1m biannual Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative licence 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, 2 winners per draw for the cash prize of QR 50,000 and 1 winner per draw for the grand prize of QR1,000,000. Rewarding 102 winners in total with cash prizes up to QR3m.
On announcing the grand prize winner, Khalid Al Subeai, Acting Group Chief Executive Office at Barwa Bank, said: “Part of Barwa Bank’s mission as a socially responsible financial institution in Qatar, is to make a real difference in people’s lives, 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, while the biannual QR1m grand prize is another spectacular way to make a huge difference in one lucky customer’s life.”
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.
The Peninsula
