Libshara Savings Account

Libshara is an investment savings account, compliant with the Islamic sharia principles, in which the funds are invested on a Mudaraba basis. Libshara is an Arabic vernacular meaning the announcement of unexpected great news.

Account holders are eligible for the following prizes contributed by the Bank’s shareholders:

Monthly Cash Prizes:

  • Over $75,000 in monthly cash prizes.
  • 78 monthly cash prize winners.
  • Additional Prizes for:
    • Our Ladies (10 prizes of $500 each)
      • Eligible to Libshara female clients over 18 years old or above.
    • Our Children (10 prizes of $500 each)
      • Eligible to Libshara accounts for clients under 18 years old.
    • Our Savers (10 prizes of $500 each)
      • Eligible to Libshara clients that hold an active account for the draw, and who have not won a draw for atleast 24 months up to the drawn month.
    • Our Cards (10 prizes of 12,000 Falconflyer Miles each)
      • Eligible to Libshara clients that are primary holders of active KFH-Bahrain credit cards.
      • Clients must have an active and valid Falconflyer membership that is registered and linked to their credit card at the Bank.
  • Every BD50 maintained in the account will qualify you to an entry into the draw.
  • Simply maintain a minimum balance of BD50 in your account for 30 days up to the end of the drawn month to be eligible for the Cash Prizes.

Grand Prizes:

  • Quarterly Grand Prize Draws.
  • 3 Luxury Villas at Ishbiliya Village.
  • 3 Luxury Cars
    • Nissan Patrol XE.
    • Lexus ES 350.
    • BMW 520i.
  • 6 Monthly Salaries for 1 year
    • BD 500 per month
  • Simply maintain a minimum balance of BD50 in your account for 90 days up to the end of the drawn month to be eligible for the Grand Prize.
  • Invest more for a longer period and get more chances of winning for every BD50.
Investment PeriodEligible Entries for Every BD50
90 Days 1
180 Days 2
360 Days 3

To view the draw dates, click here

Libshara Top-Up Service:

This service allows the transfer of funds to your Libshara Account using a debit card from any bank in the Kingdom of Bahrain. To Top-Up your Libshara Account, click here.

Account information:

  • Libshara is an account in Bahraini Dinar.
  • Annual profits distributed on a monthly basis.¹

Eligibility:

  • Applicants must be 18 years of age or above. Libshara may be opened on behalf of a minor by the legal guardian.
  • Available to both Bahrainis and non-Bahrainis.
  • Available to establishments, corporations or any other legal entity.

Required Documents:

  • For Bahrainis:a valid Smart Card or CPR.
  • For non-Bahrainis: a valid Smart Card or CPR and a Passport with a valid Visa.
  • For establishments, corporations or any other legal entity:
    • Copy of a valid CR
    • 2 Original personal IDs of authorized signatory
    • Article of Association (if applicable)
    • Board Resolution (if applicable)

 

¹ Distributed profit rate is subject to change depending on the Mudaraba performance and it will always be equivalent to the standard Investment Savings rate.

Required Forms & Documents

You will need to bring the following documents:

  • 01

    For Bahrainis: A valid Smart Card or CPR.

  • 02

    For non-Bahrainis: A valid Smart Card or CPR and a Passport with a valid Visa.

  • 03

    For establishments, Corporations or any other legal entity: Copy of a valid CR IDs of authorized signatory, Article of Association (if applicable), Board Resolution (if applicable)

You will need to download and fill the following:

Libshara Application Form Terms & Conditions

Shari'a Fatwa

Shari'a Board Fatwa concerning Libshara Savings Account

Download

Libshara Monthly Winner

Listing of all Libshara draws and the names
of the monthly price
winners which have
been announced.

Find out more