Barwa Bank yesterday announced the names of the 14th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. Shaheen Ali, Khalid Mohd S Al Kuwari, Fady Walid Taleb Nasereddin and Fahad Saeed H Al Marri, each won a cash prize of QR10,000.
A cash prize worth QR 5,000 was also awarded to bank’s clients: Saoud Meshaan B S Mashan, Hassan Hamad A Al Badr, Catherine Amante Tan, Ahmad Mohamed A H Al Hammadi, Mohamed Emara, Yousuf Hassan I Al Mannai and Kadi Salem S A Al Marri.
The draw’s 14th round 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 seven winners per draw for the cash prize of QR5,000, as well as four winners per draw for the cash prize of QR10,000. Additionally, twice-a-year there are four winners per draw for the cash prize of QR25,000, two winners per draw for the cash prize of QR50,000 and one 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.
