Manama Bahrain: Kuwait Finance House – Bahrain (KFH-Bahrain) launches its largest ‘Libshara’ Savings Investment Account Campaign for 2020. Making its impact starting January 2020 over the next 12 months, 972 winners will stand a chance to win many valuable prizes, including two Mega Grand Cash prizes of half a million each. In addition, bigger monthly grand cash and special segment prizes.
Going further than previous Libshara campaigns, the new Libshara 2020 campaign reigns in the new year with a very competitive and much larger cash prize offerings. Libshara clients will stand the chance to win one of two Mega Grand Cash prizes of USD $500,000. In addition, Libshara has increased its Monthly Grand Cash prizes to USD $100,000, plus the campaign includes 20 winners of USD $1,000 winners, and 60 prizes of $500 for the Special Segment winners.
Mr. Khalid Al Maarafi, Executive Manager of Retail Banking Group at KFH-Bahrain, revealed: “In line with our continuous efforts to provide the best banking products and services to our valued customers, we are pleased to announce the launch of the New 2020 edition of the ‘Libshara’ Savings Investment Account concentrating on cash prizes only, which will encompass bigger and more valuable prizes including special segments, providing a variety of opportunities and increasing number of lucky winners.” Mr. Maarafi added, “Keeping in line with customer and market feedback, Libshara 2020 has focused on cash prizes offering bigger winnings and more opportunities to win to our clients.”
The Libshara 2020 campaign continues to promote its Special Segment prizes categories. Along with the main grand prizes, sixty winners will stand a chance to win cash prizes of US $500 in categories of "Our Women,” “Our Children,” “Our Savers” and “Our Cards", as well as two new winner segments, "Our Jazeel", for Libshara customers who open a “Libshara account” using KFH Jazeel Banking app, and “stc business” where every BD 50 spent on stc Business Mobile, Broadband, and ICT services entitles STC corporate clients to win prizes with a value of US$500.
In line with the Bank’s strategy to promote and grow a culture of financial savings, Libshara has its loyalty program which increases the customer’s chances of winning if they invest for longer periods. Hence, for every BD 50/- invested for 90 days the customer is granted 1 chance, while investing for 180 days will double the chances, and for 360 days the chances will triple.
The ‘Libshara’ Savings Investment Account is available to citizens and residents of the Kingdom of Bahrain and the GCC who are 18 years and above or by a legal guardian on behalf of a minor who can open an account by their parents using the application "KFH Jazeel Banking” without the need to visit the branch. It is also available to individuals and corporations. The account can be opened in Bahraini dinars or US dollars.
First launched in 2012, KFH-Bahrain’s award winning "Libshara" account has provided the market with a new investment savings account scheme that revolutionized this type of product offering by being the first to offer major prizes such as villas, land and apartments, and has since witnessed high success and a growing customer base. Given the variety of valuable awards offered along with the attractive financial profits, the “Libshara” account is considered one of the best savings accounts available in the Kingdom; since its launch more than 4,900 winners have received valuable prizes including cash, luxury cars, and real estate properties; ranging from properties in Diyar Al Muharraq, Apartments in Marassi Al Bahrain, and luxurious villas in Durrat Al Bahrain and Ishbiliya Village. KFH continues to provide more attractive awards associated with the account, in line with its efforts and continues to reward its customers and exceed expectations.
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