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Manama, Bahrain - Ithmaar Bank, a Bahrain-based Islamic retail bank, announced that Shaikha Fatima bint Abdulla Al Khalifa won a BMW 528i as well as a US$25,000 cash prize in the second Quarterly Thimaar draw.
Thimaar, Ithmaar Bank's prize-based saving account, offers various types of luxury cars and multiple cash prizes alongside anticipated profits to help encourage people to save. In addition to the Quarterly prize, Ithmaar Bank also announced 936 winners of Eid prizes as well as 181 winners of the June daily and monthly prizes following draws that were supervised by representatives from the Ministry of Industry, Commerce and Tourism, external supervisors, Key Point, and the Bank's own internal auditors. In total, more than one thousand prizes were distributed to Thimaar account holders by the end of the second quarter of 2016.
Ithmaar Bank General Manager, Banking Group, Abdul Hakeem Al Mutawa presented Shaikha Fatima her prizes at a ceremony held at the Bank's headquarters in Seef.
"I am delighted to win the Thimaar second quarterly prize," said Shaikha Fatima who used to be a lecturer at the University of Bahrain's College of Education. "This is the first time I win a grand prize from Ithmaar," she said.
"I have been a long-term Ithmaar Bank customer and have been banking here since it was first established," said Shaikha Fatima. "I've always encouraged my mother as well as my family and friends to save money with Thimaar as it always offers special prizes. I particularly liked the new Thimaar scheme that was launched earlier this year as it has increased the number of winners giving us more chances to win," she said.
Al Mutawa congratulated Shaikha Fatima and all Ithmaar prize winners, and wished them all continued success.
"It is always a pleasure to announce the latest Thimaar winners, and even more so to present them their prizes," said Al Mutawa. "Thimaar, now in its sixth year, is designed to offer both luxury cars and multiple cash prizes to help us bring joy and happiness to more Thimaar accountholders," he said.
"Ithmaar Bank is committed to continuously improving its products and services, as well as to listening carefully to its customers' demands and requirements," said Al Mutawa. "This, we believe, will help us remain the Islamic retail bank of choice among the people of Bahrain," he said.
The Thimaar savings account was launched with a new prize scheme earlier this year offering customers 4,000 prizes totalling US$2.3 million throughout the year. Thimaar provides various prizes including US$3,600 in daily prizes, one US$10,000 monthly prize, four luxury car and cash quarterly prizes totalling US$300,000, and US$600,000 in Eid prizes. Every BD50 maintained as an average daily balance qualifies a customer to enter the draws. The more customers save, and the longer they maintain balances in multiples of BD50, the more opportunities they have to win.
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About Ithmaar Bank:
Ithmaar Bank B.S.C. (stock code "ITHMR") is a Bahrain-based licensed Islamic retail bank that is regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services.
Ithmaar Bank is a subsidiary of Dar Al-Maal Al-Islami Trust (DMI), and has a paid-up capital of US$757.69 million, total shareholders' equity of US$407.5 million (as at 31 March 2016) and is listed on the Bahrain Bourse and the Kuwait Stock Exchange.
Ithmaar Bank provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions. Ithmaar also maintains a presence in overseas markets through its subsidiaries, associated and affiliated companies. These include Faysal Bank Limited (Pakistan), Faisal Private Bureau (Switzerland), Bahrain-based BBK, Ithmaar Development Company Limited, Solidarity (an Islamic insurance company), Naseej and Ithraa Capital (Saudi Arabia).
© Press Release 2016
