Khaleeji Bank Announces the 'Al Waffer' Account's 2025 Edition with Total Prizes Exceeding $4 Million
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.
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