Barwa Bank has announced first-round draw winners for its latest savings account, Thara’a.
Considered as a first for Islamic banks in Qatar, Thara’a offers account holders the chance to benefit from cash rewards up to QR1mn, seamlessly reconciling core values of Islamic finance and Shariah-compliant banking with a tiered, reward-based loyalty scheme for personal banking customers.
Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totalling QR2,645,000, Thara’a cash rewards are distributed on both a monthly and quarterly basis to customers holding a minimum balance of QR10,000.
Qualified customers are eligible for a maximum of three draws per month for monthly draws, rewarding a total of 44 winners with cash prizes up to QR50,000, and for a maximum of 11 quarterly draws, each granting one select customer a grand prize of QR1mn.  
Thara’a boasts of a strategically-designed bundle of value-added benefits and services, including tactical cash prizes and reward scheme. It also offers account holders convenience and access to Barwa Bank’s innovative multiple banking channels, with benefits, including unlimited withdrawals and deposits, as well as free fund transfers across their accounts and through all Barwa Bank’s channels.
The 14 Thara’a winners for the first round were Loai AM al-Tawil, Youssef Hussein Kassem, Ataelmunnan Abdalla Elyamani Ibrahim, Amna Jabor AN al-Attiya, Adel Salem S al-Selaiteen, Alla Hail Marouf, Noof Abdulla NB al-Marri, Aisha Mubarak RK al-Hamad, Noof Salem MS al-Marzouqi, Samina Razaq, Ibrahim Abdulhussain Sedaqat, Jamal Mohd K al-Kubaisi, Yousef Ahmad Abidli, and Tanja Ridwan.
“The overwhelming response we received for Thara’a since its launch is a testament to Barwa Bank’s drive in delivering not only on innovation, but also on consumer-centric product development. There is a huge opportunity gap in progressive Shariah-compliant products and services, which can bridge together the strong principles and values of our customers with the direction and future of modern banking.
“Thara’a’s reward-based scheme is one model that has proven successful in accomplishing just that. We’re proud to be spearheading this forward-thinking direction in the Qatari market and, ambitiously, in the region and beyond.”
For details and benefits of the Thara’a savings account, visit www.barwabank.com  or call 800 8555.
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. 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.