Ithmaar Bank announces first winner of Ithmaar Reward draw
The draw was held at the Bank's headquarters in Seef district and was coordinated and supervised by the Ministry of Industry and Commerce (MOIC), as well as external auditors BDO Bahrain and the Bank's internal auditors.
Amwal Trading Company won the prize, which is an additional 1% of profit on the modaraba amount. The ceremony was attended by Ahmed Al-Mutawa, a director at Amwal Trading Company.
'We are pleased to win an unexpected prize. We really appreciate Ithmaar Bank 's initiative to introduce and launch a new and unique programme to reward its corporate clients,' said Al-Mutawa. 'The reward programme supports us to continue developing and growing our businesses and it encourages us to invest more with Ithmaar Bank,' he said.
'On behalf of all of us at Ithmaar Bank, we congratulate Mr. Ahmed Al-Mutawa and all the company's team to win in the first draw of our new reward programme, which we have launched as part of the Bank's efforts to provide an exceptional banking experience to our corporate clients,' said Ithmaar Bank Chief Executive Officer, Maysan Al Maskati. 'This programme aims to encourage corporates as well as Small and Medium Enterprises (SMEs) to invest more in the Bank's Modaraba account to be rewarded and to motivate them to continue developing their businesses and to achieve further growth,' he said.
The new reward programme is designed exclusively for corporate Modaraba deposit accountholders. Modaraba accounts of six (6) months and longer tenors, with an amount of BHD100,000 or USD 250,000 or higher are qualified to enter the draw to win an additional 1% of profit on the modaraba amount.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
a day ago
- Daily Tribune
BD 20–30 Monthly Fares as Bahrain's School Bus Market Heats Up
With the new school year starting in early September, private school transportation providers in Bahrain are launching strong promotional campaigns to attract students. Advertisements can be seen everywhere — on social media, billboards, printed flyers, and even on buses parked in neighborhoods and public areas. Companies are offering competitive prices and extra benefits, such as air-conditioned seats and strict safety measures, to appeal to parents looking for safe and comfortable transport for their children. Experienced school bus driver Jaafar Abu Al-Fadl said that registrations began in early August, with early bookings mostly from parents who wanted to secure seats in advance. Monthly fares range between BD 20 and BD 30 for round trips, depending on the distance from home to school and the area covered. He stressed that punctuality and safety are top priorities this season. Another driver, Ahmed Al-Ali, noted that while registrations have started, demand is currently lower than in previous years. He believes this is because some families are still on vacation abroad and others are comparing offers before making a decision. School transport fares start from BD 20 per month, while transportation to the University of Bahrain in Sakhir begins at BD 30, with prices depending on distance and whether the service is in the morning or evening. Al-Ali added that some university students choose to subscribe only for either the morning or evening trips, which reduces the monthly cost. Industry insiders say competition between transport providers has grown stronger in recent years, making this season one of the most competitive yet.
Daily Tribune
2 days ago
- Daily Tribune
MyHassad BD500,000 Winner is celebrated at Kuwait Finance House Headquarters
Kuwait Finance House B.S.C. (c) has announced the handover of the BD (500,000) MyHassad Grand Prize to the lucky winner, Mr. Ganesh Ravi Pillai. The prize handover ceremony took place at the Bank's Headquarters in Seef District, in a special occasion that brought together the winner and a number of the bank's employees. Mr. Pillai expressed his joy and gratitude, saying, 'I am truly honored and delighted to win the MyHassad Grand Prize. My journey with the Bank has always been rewarding and I look forward to continuing my banking journey with KFH and exploring further opportunities.' Meanwhile, Mr. Mohamed Zakout, Deputy Group Chief Executive Officer - Retail Banking at KFH, stated, 'This handover marks the conclusion of our MyHassad scheme for the first half of the year. Work is now in progress to unveil what Kuwait Finance House B.S.C. (c) has in store for our valued customers under the KFH banner, reflecting our commitment to continuously enhance our customer experience and enhancing the level of services provided to meet their aspirations, strengthening its position as a leading financial institution.' The MyHassad Savings Account continues to be one of the most rewarding savings schemes in the Kingdom, having awarded more than (19,000) prizes to its customers to date. Customers can easily open an account with just a few clicks through the KFH Mobile Application or by visiting there nearest KFH branch distributed across a network of (19) branches, enabling them to start their journey toward saving and winning
Biz Bahrain
2 days ago
- Biz Bahrain
Arab Bank named "Middle East Winner" at The Banker's Technology Awards 2025
The Banker magazine, owned by the Financial Times and based in London, named Arab Bank the 'Middle East winner' at The Banker's Technology Awards 2025, a recognition that celebrates excellence in financial innovation. The awards recognise the most innovative banks across the world for their digital banking initiatives that demonstrate creativity, measurable impact, and set new benchmarks for the fintech industry. Arab Bank was selected for this award following a comprehensive evaluation process by both internal and external judging panels. The selection was based on several key criteria, including the bank's local and regional impact, measurable performance results, and the bank's innovative approach to developing products and delivering tailored digital solutions that address evolving customers needs. This recognition comes as a result of Arab Bank's continuous efforts to offer the latest and most innovative digital banking services and solutions that caters to customer needs across the different sectors and markets. It also highlights the bank's vision for digital transformation and its continuous commitment to staying at the forefront of developments in the digital banking industry, contributing to the advancement of banking products and services. It's worth noting that The Banker Magazine, owned by the Financial Times and based in London, named Arab Bank as 'Bank of the Year in the Middle East for 2024'. Arab Bank also received the 'Best Bank in the Middle East 2025' award by New York-based international publication 'Global Finance', in addition to 24 local and regional awards in recognition of its corporate and consumer digital banking services in Jordan and across Middle East markets.
