Latest news with #AlBarakatInvestmentAccount
Daily Tribune
04-07-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank announces winner of July's AlBarakat grand prize totalling $120,000
Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, has recently announced the winner of the Al Barakat Grand Prize for July 2025. Fadhel Mohamed Al Attar has won a monthly salary of USD 10,000 for an entire year, totalling USD 120,000, through the bank's monthly draws held for customers of the Al Barakat Investment Account. The draw for the July 2025 Grand Prize took place on Wednesday at the Bank's headquarters in Bahrain Bay, in the presence of the Bank's marketing team, internal and external auditors, and under the supervision of the Ministry of Industry and Commerce. This July Grand Prize comes as part of the leading 'Al Barakat' Prize Scheme, through which Al Baraka Islamic Bank continues to offer valuable cash prizes to its customers throughout the year. The Al Barakat Grand Prizes for this year comprise various awards, making it one of the most attractive scheme with a total of USD 4 million in prizes. Additionally, the Bank organised a surprise special draw under the 'Al Barakat' programme, where 40 lucky customers each won cash prizes of USD 400, amounting to a total of USD 16,000. Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, said, 'We are proud to continue offering the Al Barakat Prizes, which have become a distinctive feature in Bahrain's banking market. Through this unique scheme, we have succeeded in bringing joy to thousands of customers over the past years and enabling them to realise their financial aspirations. Today, we are pleased to announce the winner of the July Grand Prize and extend our warmest congratulations and best wishes to him and all the winners.' Al Barakat Investment Account from Al Baraka Islamic Bank, compliant with Sharia principles, offers numerous chances to win outstanding cash prizes throughout the investment period, with a minimum deposit requirement of BD 50 or approximately USD 135. Individuals of all nationalities over the age of 18 can open an Al Barakat Investment Account through Al Baraka Islamic Bank's mobile application without needing to visit a branch. Accounts can also be opened for those under 18 by their parents or legal representatives.
Daily Tribune
05-06-2025
- 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.
