2 days ago
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.
