AIB announces new scheme with over BD1 million in cash prizes

AIB announces new scheme with over BD1 million in cash prizes

Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, unveiled the new scheme of alBarakat account, launched in January 2021 with prizes amounting to more than BD1,000,000 for more than 600 winners.

The new scheme of alBarakat account will offer customers the chance to win monthly prizes of: BD500, BD1,000 and BD10,000, along with the grand raffle prizes of: BD50,000, BD100,000, BD150,000 and BD300,000.

On this occasion, Ms. Fatema Al Alalawi, Head of Retail Banking, said: “We are happy to announce alBarakat’s new scheme, which shall offer more customers the opportunity to win greater cash prizes. We also look forward to new and existing customers entering the upcoming alBarakat raffle draw through opening an account or increasing their savings balance for higher chances of winning. Additional surprises and prizes will be announced throughout the year.”

The alBarakat account offers customers many opportunities to win amazing cash prizes throughout their investment period, by depositing a minimum amount of BD50 or USD135. Individuals of all nationalities over the age of 18 are eligible to open alBarakat Savings Account. The account can also be opened on behalf of minors by their parents or their legal representatives, as well as by institutions and companies.

With its establishment in 1984 in the Kingdom of Bahrain, the Al Baraka Islamic Bank B.S.C. – Bahrain has a longstanding track record of delivering excellence, innovation and superior results. The Bank ranks among the leading providers of Islamic banking products and services to its international customers and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supported by its sound financial solutions

Top products

Current Account

Current Account

You can benefit from our Current Account as an individual, a company, a club, a social organization, or any other s...

MasterCard

MasterCard "Gold Card"

Along with its excellent benefits, the MasterCard Gold Credit Card gives you access to some of the most competitive fees in the market, making s...

Savings Account

Savings Account

With our Savings Account, you can experience an equal and beneficial partnership. When you deposit your savings wit...

Tamkeen Finance

Tamkeen Finance

Now, you can grow your business further with SME Finance from Al Baraka Islamic Bank in partnership with Tamkeen. For over a decade, Tamkeen has...

Current Account

Current Account

Benefit from our Current Account as an individual, a company, a club, a social organization, or any other similar e...

Investment Account

Investment Account

We’ve made investing safe and simple for you. Now you can deposit  a specific sum of money for a selecte...

Working Capital Finance

Working Capital Finance

This includes financing the import of goods or the purchase of such goods from the local market as well as other sh...

Property Finance

Property Finance

Whether you want to take the reins of security by acquiring real estate as long as you wish to own it, through the ...

Building/Home Insurance

Building/Home Insurance

Treat your life’s investments responsibly with our Building and Home Insurance, suited to any eventuality of damage or loss. From fire dam...

Treasury & Capital Markets

Treasury & Capital Markets

The treasury department of AIB are mandated to manage the overall liquidity position of the bank by securitizing me...

Installment Deferral

Installment Deferral

We inform you that according to the instructions of the Central Bank of Bahrain, you are automatically entitled to receive a 6-month postpone...

Cancel Installment Deferral

Cancel Installment Deferral

If you would like to cancel the installment deferral, please fill the below form.

Investment Accounts

Investment Accounts

Investing made safe and simple. Deposit a specific sum of money for a selected period of time  (1, 3, 6, 9, or...

Investments & Structured Finance

Investments & Structured Finance

The Investments and structured finance division are comparable to those of Asset Management and Private Placement a...

Term Finance

Term Finance

Al Baraka Islamic Bank provides you with a wide range of Islamic Sharia' products to meet your corporations fin...

Travel Insurance

Travel Insurance

Your holiday should be for enjoying and relaxing, not worrying. With our comprehensive Travel Insurance offering, you can sit back knowing that ...

MasterCard

MasterCard "Titanium Card"

Discover a world of opportunities and rewards with MasterCard Titanium Credit Card. As part of our commitment ...

Car Finance

Car Finance

Our Auto Finance works based on a Murabaha contract, which is an Islamic type of financing assets with a predetermi...

MasterCard

MasterCard "Platinum Card"

With your MasterCard Platinum Credit Card, you can unlock new possibilities with every tap. Not only getting t...

Other Goods Finance

Other Goods Finance

Other Goods Finance works based on a Murabaha contract, which is an Islamic type of financing assets with a predete...

Car Insurance

Car Insurance

Your car is as much a valuable asset as it is a bringer of precious memories. Our Car Insurance comes in three insurance plans: Silver, Gold, an...

MasterCard

MasterCard "World Card"

Unlock a world of travel, lifestyle, and insurance benefits with the new and exclusive MasterCard World Credit Card...

Personal Accident Insurance

Personal Accident Insurance

No one ever plans on having an accident. With Personal Accident Insurance, you can at least plan for the aftermath, with full coverage to protec...

Services Finance

Services Finance

Services Finance is a lease contract (Ijara), where the bank (the Lessor) leases to a customer (the Lessee) a speci...

Life Insurance

Life Insurance

No one knows the future, but we can help you plan for it. With our Life Insurance plan, you can rest assured that you and your loved ones are pr...

My School

My School

A Shari’ah compliant plan designed to provide the Parent with the option to financially secure their child’s school education. In th...

Trade Finance

Trade Finance

These facilities include various financing methods, including letter of credit and letter of guarantee for the exporters and importers...