Barwa Bank has announced the names of the most recent round of draw winners for Thara’a, its Shariah-compliant savings account, in a ceremony held at the bank’s headquarters.
The winners, Ahmed Fouad Menisy and Mohamed Abdunnaser al-Gamudi, each won a cash prize of QR50,000. Also, a cash prize worth QR25,000 was awarded to Hussain Sultan al-Jaber and Mohamed Yacine Ben Lamnouar. The draw was conducted under the supervision of a representative of the Qualitative License and Market Control Department at the Ministry of Commerce and Industry. Thara’a offers account holders the chance to win monthly cash rewards that sum up to more than QR2mn, and a grand prize of 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 QR3.29mn, Thara’a cash rewards are distributed on monthly, quarterly, and annual basis to customers holding a minimum balance of QR10,000. On a monthly basis, there are 42 winners per draw for the cash prize of QR5,000 each, as well as two winners per draw for the cash prize of QR10,000. Quarterly, there are two winners per draw for the cash prize of QR25,000 each, two winners per draw for the cash prize of QR50,000 each, and yearly there is one winner of the grand prize of QR1mn, rewarding 365 winners in total with cash prizes up to QR3.29mn.
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 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. Customers may learn about the many benefits of Thara’a savings account by visiting www.barwabank.com or by calling 800 8555.
