Kuwait Finance House–Bahrain (KFH-Bahrain) has announced Mr. Faisal Abdulnaser Mohamed as the August 2019 Grand Prize winner of a luxury furnished apartment at Durrat Marina, alongside 60 winners of the June draw for the ‘Libshara’ Savings Investment Account. The draw was held at KFH-Bahrain’s headquarters at Bahrain World Trade Centre under the supervision of several representatives from the Ministry of Industry, Commerce and Tourism and members of the Bank’s management team.

On the occasion, Mr. Khalid Al Marrafi, Executive Manager and Head of Retail Banking Group at KFH-Bahrain, said, “We would like to congratulate Mr. Faisal Abdulnaser for winning the Grand Prize. With only two apartments left, we invite everyone to increase their investment amount and period in ‘Libshara’ account. We also wish everyone best of luck in the upcoming draws.”

The Grand Prize winner, Mr. Faisal Mohamed expressed his happiness regarding the announcement, revealing, "I would like to thank KFH-Bahrain for providing its customers the opportunity to win these valuable prizes, and I will continue to invest and increase my chances of winning other prizes offered. I would like to encourage everyone to take the opportunity of winning one of the prizes by opening a ‘Libshara’ account”.

 “Libshara” is a Sharia-compliant account that provides opportunities to win a variety of valuable prizes, including both monthly and grand prizes, in addition to other special categories. Customers with a “Libshara” saving account will automatically enter monthly draws upon saving an amount of BD50 or its USD equivalent for a minimum period of 30 days. Customers’ chances of winning are increased according to the length of period invested, where they receive 2 chances for a 180-days investment, and 3 chances for a 360-days investment.

The 2019 Libshara prizes include 6 grand luxury apartment prizes at Durrat Marina, 6 grand cash prizes of $50,000, as well as sixty monthly winners which receive an amount of $500 each for the special segment categories “Our Women”, “Our Children”, “Our Savers”, “Our Cards”. Customers who open a “Libshara” accounts online are automatically included in the new “Jazeel” category. Moreover, KFH has also collaborated with VIVA Telecommunications Company to present 10 monthly vouchers worth $500 for small and medium enterprises upon spending BD50 or more on corporate services, in addition to other cash prizes.

The ‘Libshara’ Savings Investment Account is available for all corporate clients inside and outside the Kingdom of Bahrain, as well as individuals of Bahraini citizens or GCC citizens at 18 years of age or older. Minors are also eligible with support of their parents or legal guardians. A “Libshara” account can be opened online through the “KFH Jazeel Banking” mobile app or via any branch. “Libshara” ensures its account owners that the profit rates will be distributed on a monthly basis, and increased chances of winning grand prizes by increasing deposits for longer periods.