Khaleeji Commercial Bank has installed outlets to introduce a new product – Al Waffer Investment Account, reported AME Info. The bank has said that the office, which operates from 12:00 pm to 8:00 pm, also provides other banking services.
Al Waffer is classified as a Shariah compliant investment Mudharaba product, with total cash prizes of one million dollars every year offered to participants.
A participant becomes eligible to take part in the raffle only 30 days from the date of opening an account. Monthly, quarterly and yearly cash prizes are offered. The first raffle will take place on 4 October 2009.
