Barwa Bank, Qatar's most progressive Shariah-compliant service provider, has announced the third round of winners for Thara'a draw, the bank's newest high profit Shariah-compliant savings account, during which Ziad Hesham Muadamani walked away with QR50,000, in addition to Nasser Emair Al-Naemi, Amna Jabor Al-Attiya, Ahmed Majid Alsuwaidi, Syed Furqan Hassan Gilani and Hessa Ibrahim Al-Mulla winning cash prizes worth QR25,000 during the draw that took place at the bank's headquarters. Also, the following customers, Mohammad Sayab Khan, Ferozuddin Khan, Helmi Bin Othman, Moun Mustafa Deib Albeshtawi, Babiker Ali, Alla Hail Marouf, Yousef Abdelsalam Othman Alaraj, Jamal Abdu Al-Ammari and Ibrahim Abdularhman Al Naimi each won cash prizes worth QR5,000. The draw was held under the supervision of a representative of the quantitative license and market control department at the Ministry of Economy and Commerce. Thara'a offers account holders the chance to benefit from cash rewards up to QR1,000,000, 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. Totaling 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 44 winners in total with cash prizes up to QR50,000, and for a maximum of 11 quarterly draws, each granting one customer a grand prize of QR1,000,000. Coupled with the tactical cash prizes and reward scheme is a strategically designed bundle of value-added benefits and services as Thara'a 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. Customers can inquire on the details and benefits for the Thara'a savings account by visiting Barwa Bank's website. 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 Center. Barwa Bank is a Shariah-compliant bank in Qatar, established in Doha and licensed and regulated by the Qatar Central Bank. Barwa Bank provides a full range of Shariah-compliant banking services including personal banking, corporate and commercial banking, private banking, real estate finance, structured finance, investments and asset management.
