Manama: Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions provider in the Kingdom of Bahrain, has won the “Best Islamic Savings Product” Award in Bahrain at the Global Islamic Finance Awards 2024, in recognition of its ground-breaking Tejoori Al Islami product.
The success of the “Tejoori Al Islami” product in receiving this prestigious award is attributed to its innovative approach in catering to diverse segments of society. This includes categories such as “Tejoori for Her,” designed exclusively for women; “Tejoori Youth,” tailored for the younger demographic; “Tejoori First-Time Winner,” created for customers who have yet to win a prize; and “Tejoori Premium,” targeted at customers seeking to make significant investments. Furthermore, the product stands out with its generous array of cash prizes distributed to numerous customers throughout the year, along with engaging promotional activities delivered through its interactive stands at shopping malls.
“Tejoori Al Islami”, product launched by the bank in 2008, is the first Sharia-compliant savings account in Bahrain that allows its subscribers to enter monthly, quarterly, and annual draws in return for investing in the account. The higher the investment amount, the greater the subscribers’ chances of winning cash prizes.
“Tejoori Al Islami” product exemplifies BisB dedication to promoting financial literacy and encouraging savings among its customers, thereby helping them achieve their aspirations and dreams.
“We are pleased to receive this prestigious award, which reflects our continuous efforts to provide our customers with innovative banking products that meet their needs and simplify their financial matters, while ensuring that they are fully compliant with the provisions of Islamic Sharia. We hope that “Tejoori Al Islami” product, will always live up to our customers’ expectations through its advantages and promotional campaigns. We take this opportunity to thank all the Bank’s employees and valued customers who contributed to this achievement, and we look forward to continuing the same approach to achieve more successes in the future,” Ms. Fatema AlAlawi, Acting Chief Executive Officer of BisB said.
The Bank’s flagship savings scheme, Tejoori Al Islami, offers customers lucrative year-round prizes for every BD 50 they invest in their accounts. Every year, the Bank rolls out a series of interactive promotional campaigns across various public locations. Customers and community members can invest in their accounts for a chance to win instant prizes as they save and participate in engaging games as part of the campaigns.
The Global Islamic Finance Awards (GIFA) is one of the most respectable market-led awards in Islamic banking and finance, recognising institutions and individuals who have exhibited outstanding achievements in their respective fields, contributing to the sustainability of Islamic banking and finance as a viable system within the global international financial landscape.
