MANAMA, BAHRAIN – 29 May 2019 – Ithmaar Bank, a Bahrain-based Islamic retail bank, distributed additional Loyalty Prizes totalling US$250,000 to fifty existing Thimaar account holders, each winning prizes worth US$5,000.
This addition to the prizes is on top of the existing US$660,000 Thimaar loyalty prize purse towards our valued customers, where 1,212 winners are able to win loyalty cash prizes throughout the year. In appreciation of the Bank’s loyal customers, the Thimaar loyalty draws offers prizes to customers who have never won a prize before for the past two years.
Ithmaar Bank also increased the overall prize purse this year to US$4,400,000 which includes two grand prizes of US$1 million each. In terms of chances to win, this makes the Thimaar account the most rewarding savings scheme in the Kingdom for just a BD30 deposit. The next draw will be immediately after Eid, on 10 June 2019.
“On behalf of Ithmaar Bank, I would like to congratulate all the Thimaar loyalty winners and wish them all the best. Saving money for the future is one of the wisest decisions for each one of us, although it can certainly be a challenge,” said Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim. “With the Bank’s Thimaar savings account, customers have an added incentive to save that could see them instantly become millionaires. There are also two life-changing grand prizes to be won in June and December respectively and we look forward to announcing the lucky customers,” he said.
“Driven by our commitment to become the Islamic retail bank of choice, Ithmaar Bank places great importance on customer satisfaction,” said Abdul Rahim. “Accordingly, we are always eager to receive feedback from our account holders on how we can improve our offerings to meet their evolving needs. These changes to our Thimaar savings account reflect our efforts to enhance our customers’ Islamic banking experience,” he said.
This year, a total of 3,206 prizes will be awarded, the most offered by any bank in Bahrain. Thimaar account is designed to encourage people to adopt a more responsible approach to saving by offering cash prizes, along with an expected profit rate. This year, the account offers monthly prizes totalling US$1,764,000, and junior prizes totalling US$384,000.
Every BD30 maintained as an average balance qualifies Thimaar account holders to enter the monthly draws. The more customers save, and the longer they maintain balances in multiples of BD30, the more opportunities they have to win.
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