Kuwait Finance House (KFH) – Bahrain has recently announced Mr. Samir Abdulhoq Ismail as the winner of the third Grand Prize of ‘Libshara’ Savings Investment Account in the amount of USD $50,000. In addition, 40 monthly winners each received a prize of USD $1,000 and 60 winners were awarded USD $500 in the special segment categories for “Our Women”, “Our Children”, “Our Savers”, “Our Cards”, “Jazeel” and “VIVA”, bringing the total number of winners to 101 clients in March. The draw was held at KFH – Bahrain’s headquarters at Bahrain World Trade Centre under the supervision of the Ministry of Industry, Commerce and Tourism, and several members of the Bank’s management team.

Commenting on the occasion, Mr. Hassan Buali, Deputy Head of Retail Banking Group at KFH–Bahrain revealed, “We would like to extend our congratulations to Mr. Samir Abdulhoq Ismail for winning the third Grand Prize, and thank him for his confidence and participation in our Libshara programme.  The “Libshara” brand has grown to be one of the best savings investment account schemes in the Kingdom.”

“The ‘Libshara’ account has witnessed an increase in number of investors during this year and we are seeking to create more opportunities for our loyal customers through our promotional campaigns, which come in line with our vision of rewarding our customers with the best rewards in recognition of their loyalty and support,” he added.

The Grand Prize winner, Samir Abdulhoq Ismail said, “I thank Allah Almighty for this award. I had specifically selected KFH because of the prizes’ abundance offered in comparison to other banks in the market, in addition to the fact that the account provided strong monthly returns. I hope to win again by increasing the amount and period of my investment, and invite everyone to open a ‘Libshara’ account through Jazeel in order to get the opportunity to be one of the next lucky winners for a luxury apartment.”

“Libshara” is a Sharia-compliant account that encompasses tremendous opportunities to win a variety of valuable prizes, including grand and monthly prizes alongside special segments. Customers who have a “Libshara” saving account will automatically enter monthly draws upon saving an amount of BD50 or its USD equivalent for a minimum period of 30 days. Customers’ chances of winning are increased according to the length of period invested, where they receive 2 chances for a 180-days investment, and 3 chances for a 360-days investment.

Sixty lucky monthly winners of the “Libshara” account will receive an amount of $500 each for the categories “Our Women”, “Our Children”, “Our Savers”, “Our Cards” and customers who open their “Libshara” accounts online will be included in the new “Jazeel” category. KFH is also initiating a collaboration with “VIVA” Telecommunications Company to present 10 monthly vouchers worth $500 for small and medium enterprises upon spending BD50 or more on corporate services.

The ‘Libshara’ Savings Investment Account is available for all corporate clients inside and outside the Kingdom of Bahrain, as well as individuals that are Bahraini citizens or GCC citizens at 18 years of age or older; minors are also eligible to open an account, through the support of their parents or legal guardians. A “Libshara” account can be opened online through the “KFH Jazeel Banking” mobile app or via any branch; “Libshara” ensures its account owners that the profit rates will be distributed on a monthly basis, customers can increase their chances of winning grand prizes by increasing the amount of deposits and hold the amount for longer periods.