20 Jul 2014
MANAMA, BAHRAIN – 19 July 2014 –Jamal Adli Anabtawi, a regular saver in Ithmaar Bank’s prize-based savings account, Thimaar, has won $100,000 in the Thimaar Quarterly Grand Draw.
The draw, which was held last week at Ithmaar Bank headquarters under the supervision of a Ministry of Industry and Commerce representative as well as both internal and external auditors, also named a further 183 winners who, together with the Quarterly Prize winner, took home a total prize purse of $191,000.
Following the draw, Ithmaar Bank Assistant General Manager, Retail Banking, Mohammed Janahi, noted that the Thimaar savings scheme continues to prove extremely popular and congratulated the latest winners.
“Encouraging saving is part of the Bank’s mission as it benefits savers long into the future,” said Janahi. “Ithmaar Bank’s Thimaar account attracts large numbers of savers due to its frequent prizes that reward those who, like Jamal, have a regular saving ethic. I would like to congratulate him for winning this year’s third Quarterly draw, as well as all the winners of the July monthly draw,” he said.
Thimaar, Arabic for fruits or harvest, is a Sharia-compliant account introduced by Ithmaar Bank, a Bahrain-based Islamic retail bank, to encourage a more responsible spending and saving pattern by offering prize-linked incentives to savers. Thimaar also provides free life cover as well as anticipated monthly profits. The more participants save, the more chances they have to win prizes. Consequently, those saving are also strengthening and preparing themselves to meet future financial needs.
Total prize money during the period November 2013 to November 2014 will be more than US$2 million, divided amongst Quarterly Winners, Monthly Winners, Monthly Junior Winners and Special Draw Winners. The next Thimaar and Junior Eid draw will take place on 22 July, 2014 to announce the winners for an exclusive draw for Eid Al Fitr. The final Quarterly Grand draw of the year for US$ 100,000 will take place on 2 October, 2014. The draws are open to all savers with BD50 or more in the Sharia compliant Thimaar Account.