Latest news with #AlBarakat
Daily Tribune
7 days ago
- Business
- Daily Tribune
Cash, celebration and a grand prize
TDT | Manama Al Baraka Islamic Bank marked Eid Al Adha with a celebration of loyalty and good fortune, awarding its June Grand Prize worth USD 120,000 and naming 50 additional winners of Eid cash rewards under its Al Barakat Investment Account programme. The headline prize, structured as a monthly salary of USD 10,000 for one full year, went to Mr. Sayed Hadi Mohsen Alawi. His name was drawn in a public raffle held at the bank's Bahrain Bay headquarters, where customers, auditors, and officials from the Ministry of Industry and Commerce were present. Branch visitors also took part in the process by helping randomly select winners. Banking with rewards Alongside the main winner, 50 Al Barakat customers received Eid Al Adha cash prizes of USD 500 each. The festive timing and scale of the draw underscored the Bank's message of inclusivity, customer appreciation, and community celebration. Chief Retail Officer Mazin Dhaif noted that the Al Barakat Account continues to turn clients' savings into opportunities. He described the prize scheme as more than a financial reward, calling it 'a life-enhancing tool' that reflects the Bank's commitment to rewarding loyalty through Shari'a-compliant savings. Largest prize pool With a total prize pool of USD 4 million in 2025, the Al Barakat scheme stands as the largest of its kind in Bahrain's Islamic banking sector. The bank said the programme is designed to strengthen customer trust by blending consistent saving habits with chances to win valuable rewards. The Al Barakat Investment Account is available via the Bank's mobile app with a minimum deposit of BD 50 or USD 135. Accounts can also be opened for minors through a legal guardian. All cash prizes are awarded under Shari'a guidelines, reinforcing Al Baraka's promise of ethical banking that uplifts its community.
Daily Tribune
18-03-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank celebrates winners of $500,000 Grand Prize for March
Al Baraka Islamic Bank, a leading Islamic bank in the Kingdom of Bahrain, has announced the winners of the $500,000 alBarakat Grand Prize for March 2025. Mr. Mohamed Abdulhussain Al Qassab and Mr. Hussain Ali Hassan were each awarded $250,000 during a special ceremony held at the Bank's headquarters in Bahrain Bay. The event was attended by Dr Adel Salem, Chief Executive Officer of Al Baraka Islamic Bank, along with senior management, who warmly welcomed the winners and their families. The Grand Prize for March 2025 is a key element of the ongoing alBarakat Prizes, highlighting Al Baraka Islamic Bank's commitment to providing exceptional banking experiences that align with the ambitions of its valued customers. During the ceremony, the bank also revealed this year's prize scheme, titled 'The Door of Al Barakat Just Widened', which includes a total of $4 million in prizes throughout $500,000 prize draw is scheduled for May, which will include a monthly salary of $10,000 for four years awarded to one winner, as well as a monthly salary of the same value for one year (totalling $120,000) awarded to another winner in June 2025. Additionally, a special loyalty raffle draw will be held to commemorate the 40th anniversary of Al Baraka Islamic Bank.
Daily Tribune
06-02-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank celebrates Winners of Al Barakat grand prize for December 2024
Al Baraka Islamic Bank (AIB), a leading Islamic financial institution in the Kingdom of Bahrain, has announced the winners of the Al Barakat Grand Prize for December 2024, totalling USD600,000. Two prizes of USD300,000 each were awarded to both Sabah Khamis Isa and Adel Mohammed Jameel during an eventful ceremony held at the bank's headquarters in Bahrain Bay. Dr. Adel Salem, the Bank's CEO and management members greeting the winners. The bank also revealed the date for the first draw of the Al Barakat Grand Prizes in 2025, amounting to USD500,000, which will take place on March 3, with two winners each receiving USD250,000. Al Barakat account serves to enhance the spirit of appreciation and respect between the bank and its customers, as it highlights the bank's commitment to providing tangible added value to customers and its dedication to introducing rewarding incentive schemes that encourage clients to continue investing and saving experience aimed at fulfilling their financial hopes and ambitions, thereby enhancing customer loyalty and trust in the bank. At the same time, Al Baraka Islamic Bank is preparing to announce more details on the Al Barakat account scheme for 2025, including larger prizes that reflect the diverse aspirations and needs of customers. The bank is keen to offer innovative investment platforms along with additional prizes that align with customers' expectations, ensuring it remains at the forefront of leading Islamic banks in the Kingdom of Bahrain. On this occasion, Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, stated: 'We are pleased to announce the winners of the Al Barakat Grand Prize for the month of December. We take pride in offering attractive prizes that reflect our deep commitment to our customers. The Al Barakat account embodies our vision of enhancing our customers' banking experience and meeting their needs and aspirations.' It is worth noting that the minimum deposit of BD50 in the Sharia-compliant Al Barakat account provides customers with the chance to win rewarding cash prizes.
