KFH-Bahrain announces new “Libshara” Account Campaign

Kuwait Finance House – Bahrain (KFH-Bahrain) has announced the launch of its New ‘Libshara’ Savings Investment Account Campaign, effective January 2019. According to KFH, more than 900 winners, over a period of 12 months, will stand a chance to win one of six Luxury Apartments in Durrat Marina, located near Durrat Al Bahrain, or one of six Grand Cash prizes of USD 50,000; in addition to other cash prizes and new special segments. The Durrat Marina project is one of the waterfront developments in the Kingdom of Bahrain with a project value of approximately US $ 1.5 billion.

Subah Abdullatif Al Zayani Deputy Head of Retail Banking Group at KFH-Bahrain, revealed: “The new campaign will include cash prizes, alongside six fully furnished apartments of one and two bedrooms, inclusive of a two-year contract free of service charges at Durrat Marina, located near Durrat Al Bahrain; one of the most prestigious developments in the Kingdom of Bahrain, offering a luxurious lifestyle at the sea.”

Along with the main grand prizes, sixty winners will stand a chance to win 10 monthly cash prizes of US $500 in categories of “Our Women,” “Our children,” “Our Savers” and “Our cards”, as well as two new winner segments, “Our Jazeel”, for Libshara customers who open a “Jazeel saving investment account” using Jazeel by KFH app, and “VIVA” where every BD 50 spent on VIVA Business Mobile, Broadband, and ICT services entitles VIVA corporate clients to win prizes with a value of US$500. The ‘Libshara’ Savings Investment Account is a Shari’a compliant savings scheme that offers 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 monthly cash draws.

While an investment period of 90 days is equal to one chance at entering the Grand Prizes raffle draws, 180 days gives two chances and 360 days 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 who can open an account by their parents using the application “Jazeel” without the need to visit the branch. It is also available to individuals and corporations. The account can be opened in Bahraini dinars or US dollars.