Barwa Bank, Qatar’s most progressive Shariah-compliant financial service provider, has announced Jassim Mohamed A. J. Al-Kaabi as the winner of its QR 1 million Thara’a grand prize. 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 to QR3,000,000 cash rewards throughout the year, on the condition that the customer deposit does not go below QR10,000.
On a monthly basis, there is a draw for the cash prize of QR5,000, as well as a draw for the cash prize of QR10,000. Additionally, twice-a-year there are four winners per draw for the cash prize of QR25,000, two winners per draw for the cash prize of QR50,000 and one winner per draw for the grand prize of QR1,000,000.
On announcing the grand prize winner, Khalid Al-Subeai, acting group chief executive officer at Barwa Bank, said: “Part of Barwa Bank’s commitment is providing the best services and products to their customers, as well as rewarding clients for choosing our bank as their trusted banking provider. The bank’s Thara’a draw is our own special way of saying thank you to our clients for using our Shari’ah compliant savings account, with the QR 1 million grand prize. We practice a special method to make a difference in one customer’s life. Congratulations to Jassim Mohamed A. J. Al-Kaabi for winning the grand prize, and we wish him the best of luck in his endeavors.”
Coupled with cash prizes and a reward scheme, Thara’a is a product full of value-added benefits and services.
Thara’a offers account holders access to Barwa Bank’s innovative banking channels, with benefits including unlimited withdrawals and deposits, as well as free fund transfers across their accounts and through all Barwa Bank channels.

Source: Arab News