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COMMUNITY NEWS

Ithmaar Bank offers Thimaar account holders increased prizes totalling US$4.4 million, including two grand prizes of US$1 million each

Feb 4, 2019 2:04 PM

Ithmaar Bank, a Bahrain-based Islamic retail bank, enhanced its Thimaar savings account, offering its Thimaar account holders 3,206 prizes - the highest by any bank in Bahrain. Ithmaar Bank also increased the total prize purse to US$4,400,000, including two grand prizes of US$1 million each, making Thimaar account one of the most rewarding investment schemes in the Kingdom.

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“Ithmaar Bank is committed to becoming the Islamic retail bank of choice,” said Ithmaar Bank Assistant General Manager, Head of Retail Banking, Mohammed Janahi. “We are constantly working to enhance our customers’ Islamic banking experience and to provide customer-centric service,” he said. 

“In line with the Bank’s customer-centric commitment to delivering a superior banking service, we work hard to improve the Thimaar savings account as part of the Bank’s commitment to listening closely to its customers’ requirements and actively responding to their feedback,” he said. 

“We noticed growing demand for large cash prizes, and we enhanced Thimaar accordingly with two lucky customers having the chance to become the first Thimaar millionaires,” said Janahi. “This year, we are also delighted to offer 1,212 loyal Thimaar account holders who have not won a prize in the past two years a chance to win special prizes out of a total prize purse of US$660,000,” 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. In 2019, Thimaar account also offers monthly prizes totalling US$1,764,000, and junior prizes totalling US$384,000.

Every BD30 maintained as an average balance qualifies a customer 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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