Doha, Qatar – July 29, 2019: Barwa Bank, Qatar's most innovative Shariah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, the bank clients Alia Mikaty and Salman Mohammed Al-Mahmoud each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Eisa Abdollah Amani and Alia Sultan Ali H N Al Naama.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry.
On a monthly basis, there are 42 winners per draw for the cash prize of 5,000 Qatari Riyals each, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals.
Additionally, quarterly there are 2 winners per draw for the cash prize of 25,000 Qatari Riyals each, 2 winners per draw for the cash prize of 50,000 Qatari Riyals each, and yearly there is 1 winner of the grand prize of 1,000,000 Qatari Riyals. Rewarding 365 winners in total with cash prizes up to 3,290,000 Qatari Riyals.
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.