Ithmaar Bank announces first winner of Ithmaar Reward draw

TDT | Manama

Email: mail@newsofbahrain.com

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced the winner of the first Ithmaar Reward draw that is designed exclusively for corporate Modaraba accountholders.

The draw was held at the Bank’s headquarters in Seef district and was coordinated and supervised by the Ministry of Industry and Commerce (MOIC), as well as external auditors BDO Bahrain and the Bank’s internal auditors.

Amwal Trading Company won the prize, which is an additional 1% of profit on the modaraba amount. The ceremony was attended by Ahmed Al-Mutawa, a director at Amwal Trading Company.

“We are pleased to win an unexpected prize. We really appreciate Ithmaar Bank ‘s initiative to introduce and launch a new and unique programme to reward its corporate clients,” said Al-Mutawa. “The reward programme supports us to continue developing and growing our businesses and it encourages us to invest more with Ithmaar Bank,” he said.  

“On behalf of all of us at Ithmaar Bank, we congratulate Mr. Ahmed Al-Mutawa and all the company’s team to win in the first draw of our new reward programme, which we have launched as part of the Bank’s efforts to provide an exceptional banking experience to our corporate clients,” said Ithmaar Bank Chief Executive Officer, Maysan Al Maskati. “This programme aims to encourage corporates as well as Small and Medium Enterprises (SMEs) to invest more in the Bank’s Modaraba account to be rewarded and to motivate them to continue developing their businesses and to achieve further growth,” he said.

The new reward programme is designed exclusively for corporate Modaraba deposit accountholders. Modaraba accounts of six (6) months and longer tenors, with an amount of BHD100,000 or USD 250,000 or higher are qualified to enter the draw to win an additional 1% of profit on the modaraba amount.