Al Salam Bank announces details of its 2025 Danat Savings Scheme
Bahrain's Al Salam Bank is launching the 2025 Danat Savings Scheme, offering rewards and prizes of more than BD4 million ($10.6 million).
The most rewarding edition in the scheme's history will have three grand prizes totalling BD3 million. These include two BD1 million prizes for two individual winners and a third BD1 million prize distributed among 10 winners, each receiving BD100,000 ($265,000).
Al Salam Bank rewards
The bank said the decision to distribute it to 10 winners was taken in response to client feedback requesting a wider distribution of the grand prizes.
For the first time in the scheme's history, a monthly grand prize of BD100,000 ($265,000) will be awarded for one winner. It will also feature 50 monthly cash prizes of BD500, and 50 monthly youth prizes of BD200 for clients aged between 10 to 18 years.
Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, commented: 'We are launching the 2025 Danat Savings Scheme at an unprecedented scale, offering the largest prize pool in Bahrain across all savings programs in terms of grand prize value. This initiative is designed to foster a culture of saving and investment while creating real opportunities to transform the lives of our clients.
'We have further expanded our grand prizes – tripling the BD1 million to BD3 million. This year's scheme features a wide variety of prizes that cater to all segments, including youth and loyal Danat Plus clients, as part of our long-term commitment to relationships built on trust and appreciation.'
Clients will receive one entry into the draw for every BD50 invested in Danat or Danat Plus account. Young clients will be eligible for the youth draws with every BD5 invested.
A monthly loyalty prize of BD1,000 is also being awarded to one winner holding Danat Plus account, who will also enjoy the added benefit of bonus entries, which increases with the duration of their investment.
Since its inception, the Danat Savings Scheme has had over 8,000 winners and total prizes exceeding BD15 million ($39.7 million). Among the grand prizes in the past, winners have received luxury villas, gold bars, and annual salary prizes reaching BD20,000 per month.
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