: Kuwait Finance House – Bahrain announced that Mr. Abdullah Mohammed Obaid is the winner of Libshara Investment Savings Account Mega Prize of USD $500,000 for the First Half of 2020. The draw for this prize was done remotely in collaboration with the Ministry of Industry, Commerce and Tourism, as part of the Bank’s 2020 promotional campaign.

Commenting on this occasion, Mr. Khalid Al-Maarafi, Executive Manager and Head of Retail & Private Banking of KFH – Bahrain said: “On behalf of KFH – Bahrain, I would like to congratulate our first Mega prize winner of the year, as well as the winners in the other special segments for the month of June.”

Al-Maarafi added, “We have increased Libshara 2020 cash prizes to provide more winning opportunities and additional chances to win larger prizes. We also provide our clients with the option to open a Libshara savings account and participate in the prize scheme via the Bank’s Jazeel Digital Banking Application, which can be downloaded from the Apple and Android app stores at the clients’ own convenience.”

The winner, Mr. Abdullah Mohammed Obaid, a retired bahraini was jubilant to receive the news and thanked Allah for this wonderful blessing, adding, “I feel extremely happy and grateful to KFH–Bahrain for this mega prize that will add a great benefit to my life and enable me to achieve my goals and make my dreams come true. I cannot thank the Bank enough for this wonderful news and blessing. I will continue to invest in Libshara for a chance to win more, and I encourage others so that they can have the same joyful experience as myself”.

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 categories of “Our Women”, “Our Children”, “Our Savers” and “Our Cards”. JAZEEL category was added for clients who open a KFH JAZEEL account along with a Libshara Savings 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.