Al Baraka Islamic Bank has officially launched the updated alBarakat Prizes Scheme for 2026, marking a significant overhaul designed to elevate the retail savings experience.
The refreshed scheme introduces innovative features and expanded winning opportunities, alongside the debut of the new alBarakat Plus account.
This enhanced account offers customers additional integrated pathways, further increasing their chances of winning and enriching their banking experience.
This launch aligns with Al Baraka Islamic Bank’s long-standing commitment to rewarding its valued customers and showing appreciation for their trust and loyalty.
By developing advanced savings and investment schemes that comply with Shari’a-compliant principles with genuine opportunities to win substantial cash prizes throughout the year, the Bank continues to deliver an integrated banking experience that meets customer aspirations and keeps pace with their evolving needs.
As part of this development, the ‘alBarakat Plus’ account introduces prominent advantages that significantly bolster winning odds. Account holders receive double entries into the ‘alBarakat’ draw.
Furthermore, customers can earn additional chances by maintaining their minimum balance for three consecutive months, with cumulative chances continuing to accrue for every subsequent month the balance is maintained, consistently increasing the probability of winning.
Al Baraka Islamic Bank’s Commitment to Customer Experience
Dr. Adel Abdullah Salem CEO – Al Baraka Islamic Bank
“The launch of alBarakat scheme’s new identity for 2026 represents a prominent step within our strategy to develop banking products and enhance the value provided to our customers. We have been keen to comprehensively redesign the scheme to keep pace with the developments in the banking sector and provide customers with a more flexible and sophisticated savings experience.”
According to the statement, the account also allows participation in dedicated draws alongside the main draw. Customers have the flexibility to open both ‘alBarakat’ and ‘alBarakat Plus’ accounts simultaneously, maximizing their potential to win through multiple channels within the same scheme.
“Through this update to ‘alBarakat’ 2026, we focused on delivering practical benefits that directly enhance the customer experience. ‘alBarakat Plus’ account provides double entries into draws, alongside dedicated draws that offer extra winning chances, thereby increasing the scheme’s attractiveness and giving customers broader options,” noted Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank.
