Kuwait Finance House – Bahrain announced that Mr. Jabor Rashed Jabor is the May winner of Libshara Investment Savings Account new 2020 Campaign.
Mr. Jabor is the Campaign’s fifth winner this year for the month of May who was selected by a remote draw, in line with the efforts expended by the Government of Bahrain to contain the spread of Coronavirus (COVID-19). With this fifth draw, KFH total prize payout for the first five months of 2020 is $500,000.
Commenting on this occasion, Mr. Khalid Al-Maarafi, KFH – Bahrain Executive Manager and Head of Retail & Private Banking, said: “On behalf of KFH – Bahrain, I would like to congratulate our May Libshara winner Mr. Jabor Rashed, as well as all the winners in the other Libshara segments. I would also like to invite everyone to stay tuned for our next month’s mega prize draw of $500,000 cash, the first of its kind in KFH – Bahrain!”.
“We strive to provide more opportunities to all our clients through our promotional campaigns in line with our strategy of offering them the best rewards to express our gratitude for their unwavering loyalty and firm support as our true partners. We are also keen to run the draw remotely in line with the Government’s efforts to curb the spread of Coronavirus, and we remain committed to acting in accordance with the directives of the Central Bank of Bahrain and the Ministry of Health in order to help contain the spread of the pandemic”.
Al-Maarafi added: “We wish our depositors all the best for winning the new valuable prizes in the upcoming draws, and we urge all clients to increase their Libshara Account investments for longer terms through all available electronic channels to boost their chances to win one of the valuable prizes”.
Mr. Rashed Jabor, the winner’s father, happily accepted the prize, adding: “I would like to express my thanks and appreciation to KFH-Bahrain management and staff for their outstanding efforts in providing the best banking services and products in the local market and for giving us the opportunity to invest in Libshara account. I would also like to encourage everyone to invest in Libshara Account and perhaps become winners of the many valuable monthly prizes KFH – Bahrain offers”.
Libshara Investment Savings Account is Shari’ah compliant, providing numerous opportunities to win valuable prizes, including grand prizes, monthly prizes, as well as special prizes in a number of categories. Clients qualify for monthly draws when saving BD 50 or equivalent in US Dollar for a minimum of 30 days. Moreover, client opportunities to enter the draws increase commensurate with the length of the investment term, with two chances to win when investing for 180 days and 3 chances when investing for 360 days.
Libshara Investment Savings Account awards two $500 thousand prizes as part of the 2020 Campaign, in addition to monthly grand prizes of $100 thousand each and 60 monthly cash prizes of $500 each in the segments of “Our Women”, “Our Children”, “Our Savers” and “Our Cards”. JAZEEL segment was added for clients who have both a Libshara account and a KFH Jazeel banking account.
KFH - Bahrain also collaborates with “stc-business” to provide 10 monthly coupons of $500 each in the Small and Medium Enterprises (SMEs) category when spending BD 50 or more on “stc- business services”.