Ayadi offers 4 luxury villas, cash prizes of $1.97m

MANAMA: Al Salam Bank – Bahrain announced the launch of new opportunities for Ayadi Saving’s scheme for the year 2015, with bigger rewards for customers to win every month.

Following the business combination with BMI Bank, a subsidiary of Al Salam Bank-Bahrain, the Ayadi Savings scheme is now a fully Shari’a-compliant product which will be made available to customers of both Banks for a chance to win valuable prizes, which include 4 grand prizes, 320 monthly prizes, 60 special cash rewards for students and 50 Ramadan prizes all worth over US$ 1.97 million and to be given out throughout the year. In addition to this, the scheme will also offer an annual profit feature that would help customers’ secure additional financial returns.

Over the years, Ayadi continues to offer practical savings solutions tailored to its customers’ needs while offering them the flexibility to make regular financial contributions. In return, Ayadi customers have been rewarded with long-term benefits and increased returns enabling them to maintain their financial well-being. With this in mind, the Ayadi 2015 has been introduced to enable customers to achieve their savings goals. This year, Ayadi’s grand prizes will be four ‘Wahat Al Muharraq’ villas. One winner will be awarded with the grand prize every three months. The villas are developed by Manara Developments, in Muharraq.

Additionally, one monthly winner will be awarded with US$ 2,000 and 39 winners with cash prizes of US$ 500 each. Five students, who have an eligible Ayadi account with the Bank, will also benefit with monthly US$ 500 cash rewards. Moreover, the Bank has also announced 50 special Ayadi prizes of US$ 500 each, which will be rewarded to mark the holy month of Ramadan.

“In line with our efforts to offer our customers a dynamic and well-diversified Shari’a-compliant financial products and services following our merger with BMI Bank, we are delighted to announce the new Ayadi Savings scheme, which will be extended to customers of both Al Salam Bank-Bahrain and BMI Bank starting this year. Our customers will also benefit from their financial commitment with the Bank and will have a chance to get increased returns on their well-earned money,” Marking the launch of the new Ayadi savings scheme, Dr. Anwar Al Sadah, Deputy Group CEO, Al Salam Bank said.

“We have increased Ayadi’s prize pool to worth over US$ 1.97 million in 2015 enabling our customers to dream and achieve bigger. 2015 is the fifth year of being part of our customers’ financial journey and we have successfully integrated our Shari’a-compliant savings scheme to continue to serve their financial needs and help them prepare for the future,” Eyad Sater, Acting CEO, BMI Bank, said.

“Whether it’s offering value-added returns for sustainable cash generation or investment planning for their children’s education, family home or retirement, or helping them grows their business, Ayadi has continued to ensure all its customers’ investments attract optimum returns on the savings secured with the Bank.”

To be eligible for the prize draw, customers can open an Ayadi Savings Account at any Al Salam Bank – Bahrain or BMI Bank branch in Bahrain with a minimum deposit of BD 50. New customers interested in Ayadi Saving’s scheme can open their savings account by visiting their nearest branch of Al Salam Bank – Bahrain or BMI Bank and submit their details. The Ayadi Savings scheme draws are overseen by representatives from the Ministry of Industry and Commerce (MOIC) along with the internal and external auditors and in accordance with Bahrain Banking and Chamber of Commerce laws.

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