AlRayan Bank Launches Prize-Linked Al Tijori Savings Account

AlRayan Bank has introduced the Al Tijori Savings Account, a prize-linked savings option designed to reward customers while adhering to Islamic banking principles. The account aims to transform every Riyal saved into opportunities for winning substantial prizes, thereby encouraging a culture of saving among its customers.

Inspired by Heritage and Tailored for All

The name “Al Tijori,” derived from the Qatari term for “treasure chest,” reflects the account’s goal of providing customers with the thrill of unlocking valuable rewards as they build their savings. The more money customers deposit, the greater their chances of winning in the account’s frequent draws.

Draws occur twice a month, with QR10,000 awarded to ten winners in each session, culminating in a total of twenty winners monthly. Additionally, a monthly draw offers a grand prize of QR100,000 to one lucky customer. On a quarterly basis, a significant prize of QR1,000,000 will be awarded to one winner. Over the course of a year, this totals to 256 winners and a remarkable QR7.6 million in prizes.

A Savings Account for Every Lifestyle

The Al Tijori Savings Account caters to a broad audience, including young millennials taking their first steps towards financial independence and those seeking luxurious lifestyle opportunities. It also appeals to established families focused on long-term savings and retirees looking for safe investment options coupled with the excitement of prize draws.

Omar Al Emadi, Acting Group Chief Executive Officer at AlRayan Bank, emphasized the significance of this launch. He stated, “With Al Tijori, we’ve created more than just a Savings Account; we’ve created a gateway to opportunities for every customer, no matter their goals or stage in life. It’s a chance to grow your savings, dream bigger, and feel the excitement of every draw.”

Al Emadi highlighted that whether winning QR10,000 or a life-changing QR1,000,000, each prize brings customers closer to realizing their aspirations. “All it takes is the first step: start saving,” he added.

Opening an Al Tijori Savings Account is designed to be a straightforward process, available via the AlRayan Go Mobile App or at any AlRayan Bank branch. The bank invites customers from all walks of life to explore this innovative savings solution that combines financial growth with the excitement of frequent prize opportunities throughout the year.