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MarketScreener Homepage  >  Equities  >  BAHRAIN STOCK EXCHANGE  >  Ithmaar Holding B.S.C.    ITHMR   BH000A0J2499

ITHMAAR HOLDING B.S.C. (ITHMR)
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Ithmaar BSC : Bank offers over 4,000 Thimaar account prizes

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01/13/2018 | 06:12pm CEST

Abdulhakeem Al Mutawa

ITHMAAR Bank, a Bahrain-based Islamic retail bank, re-launched its Thimaar savings account for a new year, offering its Thimaar account holders 4,015 prizes — the highest by any bank in Bahrain. Ithmaar Bank also increased the total prize purse to $3,170,000, including three grand prizes of $250,000 each, making it one of the largest to be won in the Kingdom — all for a BD30 deposit.

“Ithmaar Bank is committed to becoming the Islamic retail bank of choice,” said Ithmaar Bank deputy chief executive officer – banking group, Abdulhakeem Al Mutawa. “In line with that commitment, we are constantly working to enhance our customers’ Islamic banking experience,” he said.

“To do so, we work to continuously improve our products and services while growing closer to customers and, as result, our Thimaar offering is revised and improved every year,” said Al Mutawa. “We noticed increased customer interest in Thimaar savings with corresponding increase in business and decided the best way of rewarding these loyal customers is by increasing the number of prizes thereby increasing their chances to win — and we structured Thimaar accordingly, then worked to further enhance our offerings every year,” he said.

“The Thimaar account was designed to encourage people to adopt a more responsible saving pattern by offering cash prizes, along with an expected profit rate, as an additional incentive to save and invest for their future,” said Al Mutawa. “I am delighted to note that, over the years, our Thimaar account has been to be able to touch and change the lives of so many of our customers,” he said.

In 2018, Thimaar account will offer a total of $3,170,000 in prizes — including $1,320,000 monthly prizes, $750,000 grand prizes that includes $250,000 for each winner, $600,000 Eid prizes, $300,000 Thimaar junior and $200,000 national day prizes — to a total of 4,015 winners.

Every BD30 maintained as an average monthly balance qualifies a customer to enter the draws. The more customers save, and the longer they maintain balances in multiples of BD30, the more opportunities they have to win. — SG

(c) 2018 2017 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Ahmed Abdulrahim Mohamed Abdulla Bucheery Chief Executive Officer
Amr Mohammed Al-Faisal Al-Saud Chairman
Ravindra Anant Khot Chief Operating Officer
Yousif Abdulla Al-Khan General Manager-Information Technology
Mohammed Abdul Rahman Bucheerei Non-Executive Director
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