Al Salam Bank launches revamped Danat Savings Scheme for 2022 | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Al Salam Bank launches revamped Danat Savings Scheme for 2022

TDT | Manama

The Daily Tribune –

Al Salam Bank has announced the launch of its new and improved Danat Savings Scheme for 2022, held under the theme ‘gold-filled year’, where cash prizes are replaced with bars of gold. The revamped Danat Savings Scheme, which will start from April 2022 and end in March 2023, will allow winning daily prizes of 10 grams of gold, monthly prizes of 1 kilogram (kg) and 0.5 kg of gold, in addition to a grand prize of 10 kg of gold.

Both existing clients of Al Salam Bank and prospective clients can sign up for Danat savings account directly through the Bank’s user-friendly mobile application, where the registration process can easily be completed within a few minutes. To qualify for the draw, clients must maintain a minimum balance of BD 50 in the account, wherein the higher the value and period in which the amount is kept in the account, the higher the chances of winning.

Mohamed Buhijji, Head of Retail Banking at Al Salam Bank, said, “We are pleased to announce our revamped Danat Savings Scheme, which will be unique in offering a range of prizes in gold, a highly valuable asset with a guaranteed investment towards future savings.” Clients currently registered in the Loyalty Rewards Programme will be able to earn loyalty points when depositing amounts in Al Salam Bank’s Danat savings account.

These points can then be redeemed for a wide range of valuable rewards such as the cashback option, airline miles, travel reservations, alongside various other rewards than can be viewed on Al Salam Bank’s mobile application.