Latest news with #AlAbbasi
Biz Bahrain
6 days ago
- Business
- Biz Bahrain
Khaleeji Bank Wins IBMAG's Best Banking Product Award in the Kingdom for Bahrain in 2025 for the ‘Salary Account'
Khaleeji Bank, one of the leading Islamic Banks in Bahrain, has recently received the Best Banking Product Award in the Kingdom of Bahrain for 2025 for its 'Salary Account', as part of the prestigious annual International Business Awards presented by International Business Magazine (IBMAG), which is recognised worldwide. Khaleeji receiving this new prestigious award for its distinguished banking product, the 'Salary Account', continues its ongoing successes and numerous regional and international awards in recent years. These accolades reflect and crown its diligent and continuous efforts in serving clients and providing the best and highest quality banking products & services that meet their aspirations. This recognition also serves as further proof of the 'Salary Account's' excellence, which provides clients with the best comprehensive banking experience in compliance with the principles of Islamic Shari'a. The account offers exclusive benefits such as the ability to transfer a person's monthly salary to this account, with an Expected Profit Rate of up to 4% of the salary amount without a minimum balance. Additionally, clients are also entered into monthly raffles with a chance to win one of five cash prizes totalling BD 5,000 each month. They can also obtain one of Khaleeji's premium credit cards, either Platinum or Infinite, which offer numerous benefits including cashback, free travel miles, exclusive discounts and many other advantages. On this occasion, Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, expressed her happiness and pride in winning this prestigious award, stating 'We are very proud to win the Best Banking Product Award in the Kingdom of Bahrain for 2025 for the 'Salary Account' from IBMAG. Undoubtedly, our continuous collection of awards and international recognitions affirms our leadership as one of the leading Islamic Banks in Bahrain. This new award highlights our excellence and success in providing the highest quality and most innovative banking products & services to our valued clients, including the 'Salary Account' which features numerous exclusive benefits and offers clients a unique and rewarding banking experience. We greatly value the trust of our loyal clients, and winning this award motivates us to continue delivering excellent services, and to develop and enhance all our banking offerings to better meet their diverse needs and aspirations.' Ms. Al Abbasi further added 'The 'Salary Account' from Khaleeji Bank offers a range of exclusive benefits tailored to our clients' needs. Clients can benefit from an Expected Profit Rate of up to 4% of the salary value without a minimum balance, participate in monthly raffles with a chance to win one of five prizes totalling BD 5,000 each month, and obtain one of Khaleeji's credit cards from the Platinum or Infinite tiers, which provide benefits such as cashback, free travel miles, and exclusive discounts with over 100 commercial outlets, adding value to our clients' banking experience. This reflects our commitment to delivering the best banking services and ensuring clients satisfaction at all times. As we share in our clients' joy of winning this valuable award, we take this opportunity to invite all citizens and residents of the Kingdom of Bahrain to transfer their salaries to the 'Salary Account' with Khaleeji Bank to enjoy the many exclusive and exceptional benefits this account offers, which will add a new dimension to their banking experience, along with opportunities to earn profits and win monthly cash prizes.' Khaleeji is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
Biz Bahrain
27-01-2025
- Business
- Biz Bahrain
Khaleeji Bank Announces the 'Al Waffer' Account's 2025 Edition with Total Prizes Exceeding $4 Million
Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has recently announced the launch of the 'Al Waffer' Account's 2025 edition, featuring remarkable cash prizes that exceed a total value of $4 million, making this edition the largest and most distinctive since the account's inception. Clients will have the opportunity to win one of 11 Grand Prizes, including a prize worth $1 million, which will be raffled in December. Raffles for prizes worth $250,000 each will take place in March, June, August, October, and December. This year, the account's schedule commences powerfully with three grand prizes worth $250,000 to be raffled in March. Additionally, it will conclude with a special raffle for the $1 million prize and four other prizes worth $250,000 each in December, along with several other surprises throughout the year. As part of rewarding distinguished members of the 'Al Waffer Club' program, Khaleeji has allocated 30 additional cash prizes worth $10,000 each, with raffles for five winners taking place in February, April, May, July, September, and November. For the first time since the launch of the account, this year's program includes prizes allocated specifically for young clients through the 'Ajyal Al Waffer'. A total of 60 prizes worth $1,000 each have been allocated, with a special raffle for 15 prizes to take place in March and monthly raffles for five prizes for the remaining months. Commenting on the new edition of 'Al Waffer', Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated 'We are delighted to announce the launch of the 2025 edition of the 'Al Waffer' Account, which is not just a savings program, but also a genuine opportunity to transform our clients'' lives. Through prizes exceeding a total value of $4 million, we aim to support a culture of saving and encourage our clients to invest. To that end, this year will also see the launch of the 'Ajyal Al Waffer' Account, targeting children and youths under the age of 21, representing the bank's commitment to playing an active role in enhancing Financial Literacy, particularly among young people, and providing young depositors with the chance to enter exclusive raffles for cash prizes.' Al Abbasi added 'We are delighted to invite all our valued clients to participate in the new edition of the 'Al Waffer' Account for the year 2025, which presents an exceptional opportunity to win significant cash prizes, enabling them to realize their ambitions. We also encourage everyone to join the exclusive 'Al Waffer Club', which offers unique opportunities to win one of the 30 cash prizes of $10,000 each, raffled at various times throughout the year. We are always striving to enhance our offerings to meet our clients' aspirations, as we serve as their partner in ambition. We wish all depositors the best of luck.' It is worth noting that 'Al Waffer' Account is a savings account compliant with the provisions & principles of Islamic Shari'a, where funds are invested on the principles of Unrestricted Mudarabah. The account can be opened with a minimum deposit of BHD 50, and points are calculated for every BHD 25 in the account. Clients can increase their chances of winning by benefiting from the Double Points System, which requires account holders to maintain or increase their balance without making withdrawals for more than 90 days prior to the raffle's date.
