Barwa Bank, claimed as Qatar's most progressive Shariah-compliant financial service provider, has named the winners of its 11th round draw for Thara’a, its Shariah-compliant savings account, at the bank’s headquarters.
Abdulla Ali A.B. Al-Khulaifi, Elasyed Salem, Alia Mikaty and Shaikha Zayed S.M. Al-Naimi, each won a cash prize of QR10,000.
Also, a cash prize of QR5,000 was awarded to Abdulasees Chevidikkunnan Koyamu, Jamal Abdu A. H. Al-Ammari, Ghalya Zayed Frhowd Z.M. Alhajri, Maryam Shafi B. Al-Dosari, Ahmed Mohamed Maher El Goweini, Mohammed Alawi S.A. Alyafei and Jassim Eisa J.M. Al-Subaey.
The draw’s 11th round was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Thara’a offers account holders the chance to benefit from cash rewards up to QR1,000,000, described as a first for Islamic banks in Qatar.
Based on several criterions, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totaling QR3,000,000, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of QR10,000.
On a monthly basis, there are seven winners per draw for the cash prize of QR5,000, as well as four winners per draw for the cash prize of QR10,000.
Additionally, twice-a-year there are four winners per draw for the cash prize of QR25,000 prize, two winners per draw for the cash prize of QR 50,000 and one winner per draw for the grand prize of QR1,000,000.
In all, it is rewarding 102 winners with cash prizes up to QR3,000,000. 
Coupled with cash prizes and a reward scheme, Thara’a is stated to be a product full of value-added benefits and services.

Source: Arab News