Kuwait Finance House – Bahrain, is delighted to announce that Mr. Ali Jumaa Al Basri is the third winner of Libshara 2020 Campaign for the month of March.

The draw on the cash prize of $100,000 was done remotely, making Mr. Ali Al Basri the Campaign’s first winner this year to be selected by a remote draw, as part of the efforts expended by the Government of Bahrain to prevent the spread of Coronavirus (COVID-19).

On this occasion, Mr. Khalid Al-Maarafi, Executive Manager and Head of Retail Banking Group, commented, “I would like to congratulate Mr. Ali Al Basri on winning the March cash grand prize as well as the winners of the many other cash prizes for the month. We wish the current winners and our investors all the best for the upcoming draws”. Al-Maarafi also urged 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.

“We were keen to carry out 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 the containment of the Coronavirus pandemic”.

The winner Mr. Ali Al Basri expressed his thanks and appreciation to KFH - Bahrain management and staff, lauding their outstanding efforts in providing the best banking services and products in the local market, adding “I encourage everyone to invest in Libshara Account as there are many more opportunities to win many more valuable monthly and Grand prizes, including the two grand prizes worth $1 million total for this year’s promising campaign”.

Libshara Investment Savings Account is Shari’a 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 according to 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 $500,000 prizes as part of the 2020 Campaign, in addition to monthly grand prizes of $100,000 each and 60 monthly cash prizes of $500 each in the categories of “Our Ladies”, “Our Children”, “Our Savers” “Our Cards” and “Our Jazeel” 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 e-vouchers of $500 each in the Small and Medium Enterprises (SMEs) category when spending BD 50 or more on “stc-business” services.