MUSCAT: As part of its expansive selection of comprehensive Islamic banking solutions, and to promote the culture of saving among customers nationwide, Maisarah Islamic Banking Services recently conducted weekly and monthly draws, announcing the winners of attractive cash prizes under its flagship Prize Account.
The Prize Account is a personal savings account that is based on the Islamic concept of Mudaraba. In addition to the expected profit of up to 2.5pc per annum (subject to the weightages applicable for each month), the account allows customers to win cash prizes distributed from the shareholders’ funds.
Commenting on the draws, Nasser bin Said al Bahantah, Maisarah’s Chief Retail Banking Officer, said: “Each RO 100 gives customers the chance to win cash prizes as per terms and conditions of the scheme. Winners are randomly selected by an automated system in line with the approved procedures for the prize draw.”
“We encourage our customers to save for unanticipated expenses, use their savings wisely, and always be prepared for unexpected situations. Hence, we introduced this scheme to cater to their needs and requirements. It is an incredible way to put aside funds and save for the future.
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