9 LUXURY APARTMENTS IN MARASSI AL BAHRAIN

Transcription

1 9 LUXURY APARTMENTS IN MARASSI AL BAHRAIN 9 Monthly Grand Cash Prizes of $50,000 Each Plus! Additional 84 Cash Prizes Winners Special Prizes for Libshara Segments MOIC/PC4739/2017 Our Ladies Our Youth Our Cards Our Savers

2

3 SHARIA BOARD FATWA CONCERNING LIBSHARA ACCOUNT* All praise be to Allah, prayer and peace be upon our prophet Mohammed, his family and companions. The Sharia Board reviewed the operational structure of the Libshara account submitted by Kuwait Finance House Bahrain and on its terms and conditions, whereby the clients deposit amounts not less than the minimum deposit requirement in an investment savings account based on the Islamic Mudaraba concept. The account shall be treated as a normal savings account and profit yield will be distributed in accordance with the terms and conditions; additionally, periodic draws will take place on specifically known prizes donated by the shareholders. The prizes shall be granted to the draw winners. Accordingly, the board finds it permissible to operate in Libshara account. And Allah knows best. Prayer and peace be upon our prophet Mohammed, his family and companions. Sheikh Dr. Ajeel Jassim Al-Nashmi Chairman of Shari a Board Sheikh Dr. Khaled Mathkour Al-Mathkour Member of Shari a Board Sheikh Dr. Mohammed Abdul Razaq Al-Tabtabaee Member of Shari a Board *Translated version of the Arabic fatwa issued by the Shari a Board of Kuwait Finance House - Bahrain.

4 Bringing Banking to Life At the core of everything we do is our mission to deliver superior products and services that will enhance your banking needs. Our mission and our commitment are backed by a robust financial position and a long and proven heritage of ingenuity, integrity and thought-based leadership. Kuwait Finance House Bahrain B.S.C. (Closed) P.O. Box: 2066, Manama, Kingdom of Bahrain, Tel: (+973) , Fax: (+973) Call Centre: (+973)

5 LIBSHARA is an investment savings account that can be opened in Bahraini Dinars or US Dollars, compliant with the Islamic sharia principles, in which the funds are invested on a Mudaraba basis. Libshara is an Arabic vernacular meaning the announcement of unexpected great news. Account holders are eligible for the following prizes contributed by the Bank s shareholders:

6 Quantity GRAND PRIZES Prize 9 at Marassi Al Bahrain in Diyar Al Muharraq * Maintain a minimum balance of BD 50 in your account for 90 days prior to the end of the drawn month to be eligible for the grand prize MONTHLY PRIZES Quantity Prize 1 $50,000 Grand Cash Prize 2 $10,000 Cash Prizes 2 $5,000 Cash Prizes 40 $1,000 Cash Prizes 40 Special Prizes for Libshara Segments: Our Ladies (10 Prizes of $500 each) Our Children (10 Prizes of $500 each) Our Cards (10 Prizes of $500 each) Our Savers (10 Prizes of $500 each) * Maintain a minimum balance of BD 50 in your account for 30 days prior to the end of the drawn month to be eligible for the monthly cash prizes. LIBSHARA LOYALTY PROGRAM Investment Period Eligible Entries for Every BD50 90 Days days Days 3 LIBSHARA TOP-UP SERVICE This service allows transfer to the Libshara accounts using a debit card from any bank in Bahrain. This function is available on our website (

7 Draw No. 1 July 2 August Month Type of Draw Total Prizes Draw Date* 3 September 4 October 5 November 6 December 7 January 8 February 9 March 10 April 11 May 12 June 13 July 14 August 15 September 16 October 17 November 18 December $140,000 07/08/17 Apartment 06/09/17 $140,000 08/10/17 Apartment 07/11/17 $140,000 06/12/17 Apartment 08/01/18 $140,000 07/02/18 Apartment 07/03/18 $140,000 08/04/18 Apartment 07/05/18 $140,000 06/06/18 Apartment 08/07/18 $140,000 08/08/18 Apartment 09/09/18 $140,000 08/10/18 Apartment 07/11/18 $140,000 09/12/18 Apartment 08/01/19 * Draw dates are subject to change in coordination with the Ministry of Industry, Commerce and Tourism.

8 9 LUXURY APARTMENTS IN MARASSI AL BAHRAIN 9 Monthly Grand Cash Prizes of $50,000 Each Plus! Additional 84 Cash Prizes Winners BIG DREAMS CAN COME TRUE! Save your money and win big with Libshara 2017, Bahrain s most rewarding saving scheme from Kuwait Finance House (KFH-Bahrain). For every BD50, you can win one of 9 luxury apartments at, Marassi Al Bahrain, one of 9 grand cash prizes of $50,000, and get a chance to win monthly cash! Special Prizes for Libshara Segments Our Ladies Our Youth Our Cards Our Savers Terms & Conditions Apply. For More Information Call Bringing Banking to Life MOIC/PC4739/2017

9 DEVELOPMENT OVERVIEW With its prime location near major highways and in close proximity to the central business district, Marassi Al Bahrain will boast a waterfront promenade filled with cafés and restaurants, Marassi Galleria, as well as world-class waterfront hotels. DEVELOPMENT DETAILS Spread over 875,000 square metres, Marassi Al Bahrain is designed to minimise waste while maximising shade and cooling for visitors. Upon its completion, Marassi Al Bahrain will be home to 22,000 residents. THE MARASSI AL BAHRAIN LIFESTYLE Living in Marassi Al Bahrain means being part of a vibrant community built around a true waterfront lifestyle, with beautiful views. Surrounded by white sandy beaches, and an expansive promenade dotted with chic restaurants and cafés.

10 THE LOCATION Marassi Shores Residences will be in close proximity to the waterfront promenade, world-class hotels and Marassi Galleria. Its prime location makes it a desirable address. A complete experience of all the wonders Marassi Al Bahrain has to offer. AMENITIES A range of select facilities await, from state-of-the-art gymnasiums, adult and children s temperature-controlled pools, and a thoughtfully-designed children s play area. While indoors with 24-hour security, savour ultra-modern facilities such as central AC and state-of-the-art communications systems. Floor Plan

11 ELIGIBILITY Applicants must be 18 years of age or above. Libshara may be opened on behalf of a minor by the legal guardian. Available to both Bahrainis and non-bahrainis. Available to establishments, corporations or any other legal entity. ELIGIBILITY FOR LIBSHARA SEGMENTED PRIZING Our Ladies Libshara female clients that are 18 years old or above Our Children Libshara clients that are under (18) years old Our Savers Libshara clients that have an account with minimum balance for a draw for at least (24) months including the draw date, regardless of draw type monthly or grand. Client should not have won any prize for at least the last (24) months. Our Cards Libshara clients that are primary credit card holders with Active credit card account on the end of the draw s previous month. REQUIRED DOCUMENTS For Bahrainis: a valid Smart Card or CPR. For non-bahrainis: a valid Smart Card or CPR and a Passport with a valid Visa. For establishments, corporations or any other legal entity: Copy of a valid CR 2 Original personal IDs of authorized signatory Article of Association (if applicable) Board Resolution (if applicable)

12 FAQ How is the Libshara account compliant with the principles of Islamic Sharia? The account is based on the Mudarabah concept and the prizes are donated from the Bank s shareholders money, not deducted from the profits or capital of the Mudarabah. Who can open a Libshara account? Libshara account is available to customers of all nationalities and can be opened by individuals with the age of 18 and above or by a legal guardian on behalf of a minor. The account can also be opened for establishments, corporations or any other legal entity. If I m already a KFH account holder, do I have to open a new account? Yes you will need to open a new Libshara account. How can I open Libshara account? You can open an account by visiting your nearest KFH branch. Can I deposit in any currency? Libshara account can be opened in Bahrain Dinars or USD only. To deposit in any other currency, you will need to exchange that currency to Bahraini Dinars or USD. How much should I deposit to be eligible for the draw? The minimum deposit to open Libshara account is BD50. You will receive one entry into the draw for every BD50 saved into your account for 30 days. The more you save, the more chances you will have to win. If this is a Mudarabah account, can I expect any profits? Since this is a Mudarabah account, any profits generated will be distributed to the account holders. The updated profit distributed rates are available on KFH website ( and Mobile Application. How are the Profits Distributed? Profits are distributed on a Monthly basis.

13 How do I deposit or withdraw amounts from my Libshara account? You can deposit and withdraw unlimited amounts by one of the following methods: - Visiting any of our branches. - Transfer funds electronically to your Libshara account from your existing KFH ebanking account, your other bank s ebanking account. - Deposit funds from any bank s debit cards through our online Top-up service that is available on our website ( However, as a Libshara account holder, you are not eligible for an ATM card or a cheque book. If I open Libshara account, will I get access to the KFH ebanking portal? Yes you can get access to the ebanking portal by filling out an Internet Banking Application Form. Will I receive SMS notifications for my Libhsara Account? Yes, you can register your mobile number at the time of opening the account. Can I change the SMS number? Yes, by filling out the SMS form at your nearest KFH branch. Do you have any special prizes for clients who never won? Yes, clients who never-won in the past 24 months are entitled to enter a special draw in our savers segment.

14 KFH BAHRAIN BRANCH OPENING HOURS 1. Bahrain World Trade Center (Main Branch) Sunday Thursday 2. Adliya Branch Sunday, Tuesday & Thursday Monday & Wednesday 3. West Riffa Branch Sunday, Tuesday & Thursday Monday & Wednesday 4. East Riffa Branch Saturday, Monday & Wednesday Sunday & Tuesday 5. Sitra Branch Sunday, Tuesday & Thursday Monday & Wednesday 6. Muharraq Branch Sunday, Tuesday & Thursday Monday & Wednesday 7. Exhibition Road Branch Saturday, Monday & Wednesday Sunday & Tuesday 8. Isa Town Branch Sunday, Tuesday & Thursday Monday & Wednesday 9. Arad Branch Saturday, Monday & Wednesday Sunday & Tuesday 10. Diyar Al Muharraq Branch Saturday Wednesday 10:00 am - 5:30 pm