DOHA: Barwa Bank, Qatar’s most innovative Shari’ah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Dana Yousef Al-Horr and Alanoud Mohammed Al-Enazi each won a cash prize of QR10,000. Also, a cash prize worth QR5,000 was awarded to the other winners.
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 QR2m, and a grand prize of QR1m. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totalling QR3.29m, Thara’a cash rewards are distributed on both a 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 2 winners per draw for the cash prize of QR10,000. Additionally, quarterly there are 2 winners per draw for the cash prize of QR25,000 each, 2 winners per draw for the cash prize of QR50,000 each. Yearly, there is one winner of the grand prize of QR1m and rewarding 365 winners in total with cash prizes up to QR3.29m..
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.
