Maisarah conducts fourth OMR50,000 Grand Prize Draw

MUSCAT: Maisarah Islamic Banking Services has recently conducted its fourth Grand Prize Draw for the 2018 Prize Account Scheme. The draw was conducted at a special event at Suhar Recreation Centre where one lucky customer won OMR50,000.

The event was held under the patronage of Sheikh Hilal Nasser Al Sadrani, Member of Shura Council and Representative of the Wilayat of Suhar.

Congratulating the winners, Muhammad Al Mashani - Executive Manger Retail Business and Channels of Maisarah Islamic Banking Services said, “We are committed to providing the best banking products and services that are compatible with the provisions and principles of Islamic law and that meets the needs and expectations of our customers. On behalf of Maisarah Islamic Banking Services I would like to take this opportunity, to congratulate the winners of our fourth Grand Prize draw for this year. I would also like to wish all our customers best of luck for the upcoming draws.”

The exclusive feature of Maisarah Prize Account is that customers are eligible for the expected profit of up to 3% per annum on their deposits maintained in the account, and Maisarah is giving away this prize from its own sources which is the shareholder funds.

During the event, Maisarah also conducted bi-monthly draws of OMR1,000 for 5 winners and monthly draws where 5 customers won OMR500 each.

The prize account is based on the Islamic profit sharing concept of Mudarabah. Customers need to maintain a minimum balance of OMR100 in their accounts for 30 days. For every OMR100 balance, they get one chance to win. Priority banking customers, however, get 3 chances for every OMR100 maintained in their account. The more the customers’ save, the greater their chances of winning. The winners are randomly selected from each branch by an automated system in sync with the approved procedures for the draw.

This year, the total amount to be won under the weekly draw is OMR65,000, where 260 customers will have a chance to win OMR250 each through 52 draws to be held throughout the year. Under the monthly draw the total amount to be won is OMR30,000, for 60 customers (OMR500 each). Under the bi-monthly draw 30 customers have a chance to win OMR30,000 (OMR1,000 each). Five winners will be picked during each weekly, monthly and bi-monthly draw. Maisarah will also conduct special draws for Eid Al-Fitr and Eid Al-Adha, during which 10 winners can take home OMR2,500 each. Additionally, the total amount of the grand prizes is OMR250,000 for 5 winners (OMR50,000 each).