KHCB makes dreams come true with improved Al Waffer Scheme 2016


Al Waffer Scheme 2016

Khaleeji Commercial Bank (KHCB), Bahrain’s rapidly growing Islamic retail bank, is prepared to set into motion the new and improved Al Waffer Scheme for the newyear 2016.

This comes in lieu of their constant commitment to offer to its valued customers in the Kingdom of Bahrain, only the best in Shari’a compliant packages both in products and services.

Following the success of the Al Waffer scheme in 2015, Khaleeji Commercial Bankhas further raised the bar of making dreams come true by offering bigger value in the prizes and thereby making invetsments a rewarding experience.

The Al Waffer awards scheme was first introduced to encourage the culture of saving through which you gain to win monthly cash and mega prizes throughout the year.

And in 2016, the Al Waffer scheme of Khaleeji Commercial Bank in its seventh anniversaryis bigger, better and richer. The new and improved campaign will see a total of 468 exciting cash prizes of US $500 each, 11 Grand draws and 1 Mega draw. Investments in the Al Waffer scheme could mean lucky winners could walk away with prizes that include a Porsche Cayenne , US $100,000 or even the Mega draw ‘Lifetime Dream’ prize that includes a luxury villa in Oryx Hills, a Porsche Cayenne and a grand total of US $25,000.

Khaleeji Commercial Bank believes in making dream come true and achieves this through the Al Waffer Scheme. A minimum investment of just BD 50 in this scheme, can help you realise your dream. Multiple investments in Al Waffer also doubles your chances of winning.

The sought after Al Waffer account is known to be a completely Shari’a compliant account based on the Mudharaba principle. Customers can open and invest in an Al Waffer account with a minimum of BD 50. With this account, they will receive an expected annual profits on their investments as well as a guaranteed entry into the monthly held draws for every BD 50 they deposit into the account.

The more they invest, the higher are their chances of winning. Customers who open an account a month before the Mega Draw will also be eligible in winning prizes through the ‘Double Your Chances Of Winning’ element.

Elaborating on the launch of the bigger and better 2016 Al Waffer campaign, Mr. Khalil Ismaeel Al Meer, CEO of KHCB said, “The Al Waffer scheme has and continues to be a major component in the bank’s products and services portfolio. It is a great way to encourage savings within the community and the people of Bahrain. We have consistently raised the bar for award schemes both domestically and regionally.

He further added, “2016 calls for a more enhanced rewarding scheme, which is why, this year customers will notice that the grand prizes are twice of what they were last year. It is our goal to help each investor live their big lifetime dream with better value in cash prizes and bigger value on the grand and mega prize. Our CSR responsibilities help us give back to the community and in turn help the society as a whole.”

It’s worth noting that in 2015, Al Waffer put smiles on the faces of 480 certificate holders who won. The prizes included cash, five exquisite, sporty BMWs and in addition, the mega raffle draw gave an incredibly lucky winner, Abdulnasser Abdulaziz Mohammed Abdulla the lifetime dream of owning a 795 sqm luxury villa in Oryx Hills, a new BMW car and $25,000 in cash.

He expressed his joy and gratitude on this occasion, “No words can express how I feel after winning this tremendous prize. Investing in Al Waffer has definitely been the best decision in my life. Winning a luxury car, my dream home and cash money is a dream to many people, but this dream has come true for me with Al Waffer.”

Source: Press Release