PHOTO
MANAMA, BAHRAIN: Ithmaar Bank, a Bahrain-based Islamic retail bank, re-launched its Thimaar savings account, offering its Thimaar account holders 2,271 prizes - the highest number of winners by any bank in Bahrain. Ithmaar Bank will also offer a total prize purse of US$4,165,000, including one grand prize of US$1 million, and six quarterly prizes worth US$100,000 each, along with other cash prizes, making Thimaar account one of the most rewarding saving schemes in the Kingdom.
“Ithmaar Bank is committed to becoming the retail bank of choice,” said Ithmaar Bank Deputy Chief Executive Officer, Abdul Hakeem Al Mutawa. “We are constantly working to enhance our customers banking experience,” said Al Mutawa. “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,” he said.
“We noticed a pronounced, perhaps an obvious customer demand for increased chances to win large cash prizes for prize-based saving accounts, and we restructured Thimaar accordingly with customers being able to win US$1 million, along with other six quarterly prizes worth US$100,000 each,” he said.
“This year, we added further incentives by offering loyalty prizes, as well as introducing other additional monthly cash prizes, along with Eid prizes to allow more customers to win during the special occasions. Additionally, Thimaar junior account holders will also have more chances to win. The more they save, and the longer they maintain balances in multiples of BD30, the more opportunities they have to win,” he said
Customers can now instantly open a Thimaar account directly from their mobile phones, without the need to physically visit a branch. Bahraini and non-Bahraini residents can now securely open new accounts in just a few minutes by simply downloading Ithmaar Bank’s mobile app from anywhere and at any time.
Thimaar, Arabic for fruits or harvest, is a prize-based saving account that Ithmaar Bank introduced to help encourage its customers to save. 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.
Customers can view the winners list by visiting the Bank’s website at: www.ithmaarbank.com/thimaar
-Ends-
About Ithmaar Bank:
Ithmaar Bank B.S.C. (closed) (“Ithmaar Bank”) is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services. Ithmaar Bank is a wholly-owned subsidiary of Ithmaar Holding B.S.C. which is listed on the Bahrain Bourse, Dubai Financial Market. 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 subsidiary, Faysal Bank Limited (Pakistan) and locally through Dilmunia Development Fund I L.P. www.ithmaarbank.com
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
