Kuwait
Finance House – Bahrain (KFH-Bahrain) has received the ‘Critics’ Choice Best
Prize-Linked Retail Investment Product 2017’ for its ‘Libshara’ Investment
Savings Account during the 3rd Islamic Retail Banking Awards held in
Dubai, UAE.
During
the gala dinner, Mr. Khalid Rafea, Executive Manager and Head of Retail Banking
Group at KFH-Bahrain, received the award from Cambridge IF Analytica.
Mr.
Khalid Rafea said: “We at KFH-Bahrain are delighted to have received this
auspicious award for our ‘Libshara’ Savings Account, a Sharia’a compliant
scheme which was launched by KFH-Bahrain in 2012 and has been rewarding clients
with many prizes ever since.”
“To-date,
more than 4,000 winners were awarded with cash prizes, luxurious cars and real
estate including lands in Diyar Al Muharraq and apartments at Marasi Al Bahrain
as well as villas in Durrat Al Bahrain and Ishbiliya Village. We have witnessed
tremendous interest in ‘Libshara’ since it was introduced, and a continuous
increase in client participation. We remain committed to meeting and exceeding
customer expectations,” he added.
The
Islamic Retail Banking Awards or IRBA for short is the first-of-its-kind
Islamic banking awards programme based on the most academically rigorous
analysis of global Islamic banking efficiency performance. Winners are
rigorously assessed by a panel of independent experts based on the new
efficiency model developed by Cambridge IF Analytica. These prestigious awards
honour individuals and institutions who have demonstrated great commitment and
made significant contributions to the development, growth and success of
Islamic Retail Banking.
The ‘Libshara’
Savings Investment Account is a Sharia’a compliant savings scheme that offers clients
valuable monthly prizes. For every BD50 or its equivalent in USD saved for a
period of 30 days prior to the end of the month, clients are entitled to enter
the raffle and can increase their chances of winning one of the many exciting
prizes. An investment period of 90 days is equal to one chance at entering the
raffle draw, whereas 180 days gives two chances and 360 days is three chances. The
‘Libshara’ Savings Investment Account is available to citizens and residents of
the Kingdom of Bahrain and the GCC who are 18 years and above or by a legal
guardian on behalf of a minor. It is also available to establishments and
corporations. The account can be opened in Bahraini dinars or US dollars.
Photo Caption:
Mr.
Khalid Rafea, Executive Manager and Head of Retail Banking Group at KFH-Bahrain,
receives the award.
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