Barwa Bank has announced the winner of the QR1mn grand prize for the Shariah-compliant Thara’a savings account. Jassim Mohamed A J al-Kaabi was picked in a draw conducted under the supervision of a representative of the qualitative licence and market control department of the Ministry of Economy and Commerce (MEC).
Thara’a offers account holders the chance to win 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 to QR3mn cash rewards throughout the year on the condition that the customer deposit does not go below QR10,000.
On a monthly basis, a draw is held for the cash prize of QR5,000, as well as a 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 QR3mn.
Khalid al-Subeai, acting Group CEO at Barwa Bank, said: “The Thara’a draw is our own special way of saying ‘thank you’ to our clients for using our Shariah-compliant savings account with the QR1mn grand prize.
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 five 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.

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