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Barwa Bank announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As the draw results showed, Mohamed Omar Abdalkader and Khaldoun Nachawi each won a cash prize of QR10,000. Also, a cash prize worth QR5,000 was awarded to some 21 bank clients.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Thara’a offers account holders the chance to benefit from cash rewards up to QR1,000,000, a first for Islamic banks in Qatar. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totaling QR3,300,000, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of QR10,000.
On a monthly basis, there are 21 winners per draw for the cash prize of QR5,000, as well as 2 winners per draw for the cash prize of QR10,000.
Additionally, twice-a-year there are 2 winners per draw for the cash prize of QR25,000 prize, 2 winners per draw for the cash prize of QR50,000 and 1 winner per draw for the grand prize of QR1,000,000. Rewarding 194 winners in total with cash prizes up to QR3,300,000.
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