Al Salam Bank - Bahrain has launched new opportunities for 2015 Ayadi Savings scheme, 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. The savings scheme is available to customers of both banks for a chance to win valuable prizes, which include four grand prizes, 320 monthly prizes, 60 special cash rewards for students and 50 Ramadan prizes all worth over $1.97 million.

In addition to this, the scheme will also offer an annual profit feature that would help customers secure additional financial returns.

On this occasion, Eyad Sater, acting CEO, BMI Bank, said that “We have increased Ayadi’s prize pool to worth over $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.

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.

"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 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,” said Dr Anwar Al Sadah, deputy group CEO, Al Salam Bank.

This year, Ayadi’s grand prizes will be four ‘Wahat Al Muharraq’ villas where 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 $2,000 and 39 winners with cash prizes of $500 each. Five students, who have an eligible Ayadi account with the Bank, will also benefit with monthly $500 cash rewards. Moreover, the bank has also announced 50 special Ayadi prizes of $500 each, which will be rewarded to mark the holy month of Ramadan. 

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 ($132). New customers interested in Ayadi Savings scheme can open their savings account by visiting their nearest branch of Al Salam Bank – Bahrain or BMI Bank and submit their details. – TradeArabia News Service