Al Baraka Islamic Bank Announces “Bab alBarakat” and Unveils $1 Million “Millionaire alBarakat” Prize

Al Baraka Islamic Bank, one of the leading Islamic banks in the Kingdom of Bahrain, recently announced the launch of the new 2026–2027 edition of “Bab alBarakat” Prize scheme, featuring cash prizes with a total value of USD2 million. The new edition reflects the Bank’s continued commitment to rewarding its customers and promoting a culture of savings in accordance with the principles of Islamic Shari’a.

The new scheme will feature the launch of the “Millionaire alBarakat” prize, worth USD 1 million, with one winner to be announced during the final draw scheduled for March 2027. The prize will be the largest ever offered under the Al Barakat Scheme, while the remaining prizes will be awarded through a series of draws held throughout the programme period.

The scheme will also feature a variety of monthly prizes, including a monthly salary prize totalling USD 120,000, special “alBarakat Plus” prizes, as well as a range of other cash prizes that provide customers with more opportunities to win and achieve their financial aspirations.

The first draws will commence in October 2026, with subsequent draws continuing until March 2027, giving eligible alBarakat and alBarakat Plus customers multiple opportunities to win as they maintain and grow their savings balances.

In this regard, Al Baraka Islamic Bank invites both existing and new customers to open an “alBarakat” or “alBarakat Plus” account, or increase their existing balances, to take advantage of the available opportunities and qualify for the upcoming draws, bringing them one step closer to becoming the next “Millionaire alBarakat”.

Commenting on the occasion, Mr Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, said: “The new edition of Bab alBarakat scheme marks another milestone in our journey to deliver an increasingly rewarding and valuable banking experience to our customers. We have enhanced it to offer bigger prizes and a wider range of winning opportunities, in line with our customers’ aspirations and our commitment to promoting a culture of savings and long-term financial planning.”

He added: “We are proud to announce the launch of the USD 1 million ‘Millionaire alBarakat’ prize, which reflects our vision of delivering meaningful value to our customers and rewarding them for their continued trust. We encourage all customers to seize this opportunity by growing and maintaining their balances, as one of them could be our next ‘Millionaire alBarakat’.”

The “Bab alBarakat” scheme is one of Al Baraka Islamic Bank’s leading savings schemes, combining opportunities to win rewarding prizes with access to a comprehensive range of Shari’a-compliant banking services and solutions, providing customers with a trusted and integrated banking experience.

Al Baraka Islamic Bank is among the leading Islamic banks in the Kingdom of Bahrain. Since its establishment in 1984, the Bank has achieved outstanding results in providing banking services to both individuals and corporates. It has a strong track record of innovation and delivering Shari’a-compliant investment and financing solutions. The Bank also continues to play a pioneering role in supporting social responsibility and sustainability initiatives, maintaining a prominent position among Islamic banking institutions serving customers worldwide.