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.
“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.