Bahrain’s Al Salam Bank brings out one-of-its-kind e-gifting service

By Amirtha P S, Desk Reporter
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Bahrain-based Islamic bank, Al Salam Bank is launching its one-of-a-kind Danat eGifting service, enabling customers to send cash e-gifts to either the existing account holders or non-account holders in the Danat Savings Scheme. 

The service, which is facilitated through a fully digital process using the bank’s application, gives clients the ability to send cash e-gift vouchers ranging from $13.2 up to $15,916 which can be redeemed into recipients Danat Savings accounts.

As the launch of the eGifting coinciding with Eid Al Adha, the bank is additionally offering a limited time promotion from 18 July to 24 July 2021, under which customers using the voucher during the period will enter exclusive draws to win back the value of their e-gift voucher, with winners being announced on 2 August 2021.

The new e-gift service is in line with the bank’s commitment to offering its clients end-to-end secure digital money transfer services, without the need of ever visiting a branch. The service additionally provides customers the opportunity to enter draws to win life-changing prizes under the Danat Saving Scheme when maintaining a minimum investment of $132 for 30 days consecutively. 

Through a seamless process completed within minutes, customers choosing to open a Danat Savings account through the Bank’s easy-to-use digital application will additionally benefit from entering exclusive draws to win Danat prizes.

Mohammed Buhijji
Mohammed Buhijji
Head – Retail Banking
Al Salam Bank

“We are pleased to announce the launch of our latest digital product, Danat eGift service, offering our clients a seamless and secure way to send cash e-gifts for any occasion within minutes. As part of the Danat Savings Scheme, we continue to encourage our clients to invest in their future, as for every $13.2 invested and maintained, they will earn additional chances to win from a range of life-changing prizes.”

The Danat Savings Scheme for 2021 offers the opportunity to win a variety of cash prizes throughout the year, concluding with a grand prize of a luxury villa and a monthly salary of $26,527 for an entire year. 

Customers will get a chance to win daily prizes of $795, monthly prizes worth $26,527, and salary prizes which will be drawn each alternating month worth $2652 monthly for one year. 

Moreover, for the first time, the bank has introduced a brand-new category of exclusive draws for clients who have never won before with monthly prizes of $2652. Clients who register and activate their Loyalty Rewards Program account will also be able to earn loyalty points when maintaining a deposited amount in their Danat Savings Account.

Related: Bahrain Islamic Bank unveils its Riffa Innovation Hub