COMMUNITY NEWS
Ithmaar Bank announces Second Thimaar Millionaire
Jan 16, 2020 3:31 PM
Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim (second right) presents the prize to Mariam Mohammed Abdulla Al Eid (second left) in presence of (from left) Ithmaar Bank Deputy Chief Executive Officer - Banking Group Abdul Hakeem Al Mutawa, and Ithmaar Bank General Manager, Information Technology, Banking Operations and Administration Yusuf Alkhan.
Ithmaar Bank, a Bahrain-based Islamic retail bank,
presented its second ever US$1 million grand prize to Bahraini mother of five,
Mariam Mohammed Abdulla Al Eid. Al Eid won the prize draw for December and
received her cash prize from Ithmaar Bank Chief Executive Officer,
Ahmed Abdul Rahim and Deputy Chief Executive Officer - Banking Group, Abdul
Hakeem Al Mutawa at a ceremony held at The Avenues Mall. In attendance were other
Thimaar winners as well as Ithmaar Bank General Manager - Retail Banking Group,
Mohammed Janahi, members of the Ithmaar Bank management team, and a large
audience.
“On behalf of all of us at Ithmaar Bank, we
congratulate Mariam and her family,
and all the other Thimaar winners,” said Ahmed Abdul Rahim. “The Thimaar
scheme, now in its tenth year, is not only designed to encourage responsible
financial behavior by making saving more rewarding, the prizes also have the
potential to change lives.”
“At Ithmaar Bank, we remain committed to improving our
services and rewarding our loyal customers. Whether the amount is large or
small, keeping a little aside for the future is always a wise decision, and we
also try to make saving easier for our younger customers through a special
junior account. Ithmaar Bank offers the highest number of prizes of any similar
scheme in Bahrain, providing additional incentives for savers. We look forward
to offering more valuable prizes and announcing other winners later this year,”
he said.
“Although I was trying hard to save for the future, I
thought it would take years to reach my financial goals – but, thanks to saving
in the Thimaar account, I am thrilled to be a millionaire,” said Al Eid. “It’s an amazing feeling and I’m very grateful to
Ithmaar Bank.”
The prize purse of Thimaar account during 2019 was US$4,424,000,
which includes two grand prizes of US$1 million each for just a BD30 deposit.
During 2019, a total of 3,206 prizes were awarded, the most offered by any bank
in Bahrain, with monthly prizes totaling US$1,764,000 and junior prizes
totaling US$384,000. Along with cash prizes, the Thimaar account also offers a
profit rate on the balance maintained. In July 2019, Dr. Abdulhannan
Abdul Hameed Darwish, a Bahraini father of six, pledged to donate US$100,000 to
charity after Ithmaar Bank named him the first ever Thimaar millionaire.
In appreciation of the Bank’s loyal customers, Thimaar
loyalty draws offered additional prizes to customers who have not won a prize
in the past two years. In 2019, Ithmaar Bank added an additional 50 prizes
worth a total of US$250,000. This was on top of the existing US$660,000 Thimaar
loyalty prize purse where 1,212 winners could win loyalty cash prizes
throughout the year.
Every BD30 maintained as an average balance qualifies
Thimaar account holders to enter the monthly draws. The more customers save,
and the longer they maintain balances in multiples of BD30, the more
opportunities they have to win.