“Libshara” is an investment savings account, compliant with the Islamic Shari’a principles, in which the funds are invested on a “Mudaraba” basis. “Libshara” is an Arabic vernacular meaning the announcement of unexpected great news.
- The ability to enter into monthly draws to win valuable prizes.
- The account is available in Bahraini Dinars & USD.
- Competitive annually distributed profit rates.
- Invest for longer periods and increase your eligible chances of winning.
- Transfer of funds to your “Libshara” account using a debit card from any bank in the Kingdom of Bahrain.
- Open an account online instantly through KFH Jazeel Banking App without visitng the branch.
- No account opening fees.
Mega Grand Prizes
- 2 Mega Cash Prizes $500,000 & $1,000,000.
Simply maintain a minimum balance of BHD 50 in your account for 90 days up to the end of the drawn month to be eligible for the Grand Prize.
Monthly Cash Prizes
- One $50,000 Grand Cash prize.
- Fifty $1,000 Cash prizes.
(Monthly Cash Prizes will be held in alternate months and are not included in months of the Mega Grand Cash Prize draws.)
Every BHD50 maintained in the account will qualify you to an entry into the draw. Simply maintain a minimum balance of BHD50 in your account for 30 days up to the end of the drawn month to be eligible for the Cash Prizes.
Invest more for a longer period and get more chances of winning for every BHD 50.
- Investment Period 90 Days equals 1 Entry
- Investment Period 180 Days equals 2 Entries
- Investment Period 360 Days equals 3 Entries
* Draw dates are subject to change in coordination with the Ministry of Industry and Commerce.
In Order to Open an Account:
- If applicants are under 21 years of age. “Libshara” may be opened on behalf of their legal guardian.
- Available to both Bahrainis and Non-Bahrainis.
- The account can be opened by establishments, corporations or any other legal entity.
- The account is available in Bahraini Dinar & USD.
- For Bahrainis
- Original Identification (e.g. CPR or Passport)
- For Non-Bahrainis:
- Original Identification (e.g. CPR or Passport)
- Passport with a valid Visa
- For establishments, corporations or any other legal entity:
- Copy of a valid CR
- Two Original personal IDs of authorized signatory
- Article of Association (if applicable)
- Board Resolution (if applicable)