Barwa Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah-compliant savings account, at a ceremony held recently at the bank’s headquarters.
The bank said Ahmed Majid M A al-Suwaidi, Abdulla Mohamed S A al-Kaabi, Saeed Salem S A al-Marri, and Salem Rashid R A al-Marri, each won a cash prize of QR10,000.
Cash prizes worth QR5,000 each was awarded to Bakhita Rashid M Kh Meqbel, Sami Tahsen Mohamed al-Maqati, Amna Mohamed J A al-Sulaiti, Tarek Helmy Abbas Ahmed, Nafal Turki N D al-Hajri, Bilal Tenaf B Abdulla, and Muna Abdulrahman A al-Ali.
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, the bank said.
Thara’a offers account holders the chance to benefit from cash rewards up to QR1mn, 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 QR3mn, 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 QR1mn, rewarding 102 winners in total with cash prizes up to QR3.
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 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.