Latest news with #alBarakatGrandPrize
Daily Tribune
20-05-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank names Ebrahim Abdullah as winner of Half-a-Million USD
Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in Bahrain, has announced the winner of the May 2025 alBarakat Grand Prize. Mr. Ebrahim Ahmed Abdulla has been awarded a monthly salary of totalling $500,000 on the span of four years. The draw for the May 2025 alBarakat Grand Prize was conducted in the presence of bank officials with internal and external auditors, under the supervision of the Ministry of Industry and Commerce. The winner was announced and honoured during a special ceremony held on Wednesday, 14 May, at the bank's headquarters in Bahrain Bay. This month's Grand Prize is part of the ongoing alBarakat Awards, which exemplify the bank's commitment to offering valuable prizes throughout the year. The initiative aims to provide customers with an exceptional banking experience that aligns with their aspirations and ambitions. The 2025 alBarakat Grand Prizes total $4 million, making them the largest of their kind. The upcoming Grand Prizes draws are scheduled for June and July, featuring monthly salaries of $10,000 for one year, totalling $120,000, awarded to one lucky winner in each draw. Dr Adel Salem, CEO of Al Baraka Islamic Bank, stated, "Congratulations to Mr Ebrahim Ahmed Abdullah and his family on winning the May 2025 Grand Prize. We wish all our customers the best of luck in upcoming draws, which will feature more valuable prizes to enrich their lives and help realise their financial goals." Mr Mazin Dhaif, Chief Retail Officer, commented, "We are delighted to continue offering alBarakat Grand Prizes as a token of appreciation for our customers' trust and loyalty. Congratulations to Mr Ebrahim Abdullah on winning the May Grand Prize which is a monthly salary for four years, totalling $500,000, wishing him the very best.' He continued, 'We anticipate the coming months for more valuable prizes and encourage everyone to participate and increase their chances of winning by investing or maintaining higher balances in their alBarakat accounts." On his part, Mr. Ebrahim Ahmed Abdullah expressed his delight at winning the prize, thanking Al Baraka Islamic Bank for the honor and encouraging others to open and invest in the alBarakat Account, highlighting its excellent savings benefits and multiple opportunities to win valuable prizes throughout the year. Compliant with Islamic Sharia principles, alBarakat Account provides numerous opportunities to win cash prizes throughout the investment period by depositing a minimum of BD50 or USD135.
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.
