Kuwait Finance House (KFH) announced the winners of the Al-Hassad and Al-Rabeh account draws at a grand prize distribution ceremony held at Winter Wonderland. The event was attended by a large audience, including customers and visitors of Winter Wonderland who participated in various competitions organized at the KFH Zone. As part of the event, 45 gold bullions were distributed to the competition winners.

In the quarterly draw for the Al-Hassad account, Yahya Khuwailed Al-Mutairi won a cash prize of KD 250,000. Additionally, in the Al-Rabeh account draw, Nada Abdullah Al-Obaid won the quarterly grand prize of KD 25,000 for the fourth quarter of 2024. In the December 2024 monthly draw, Sara Rabea Abduljawad won one kilogram of gold. Additionally, KFH announced the winners of the weekly AlRabeh account draws, with 10 customers receiving cash prizes of KD 1,500 each. This was part of the 52-week draw for the year 2024.

KFH Deputy General Manager Products, Nehal Almosalem, stated that the distribution of prizes for Al-Hassad and Al-Rabeh accounts underscores the bank's commitment to rewarding its valued customers. This initiative is part of an ongoing prize program dedicated to account holders, offering valuable rewards during the recent period. She emphasized the significant customer engagement achieved for these two accounts, highlighting their diverse range of draws and programs designed to incentivize greater customer participation. This approach not only increased their chances of winning prizes but also benefited from attractive profit rates.

She said that Al-Hassad is based on the Wakala investment principle, in which the Bank invests the entire account balance at an expected profit rate agreed upon in advance with the customer. Al-Hassad offers weekly, monthly, and quarterly draws, a total of more than 400 prizes. The draws offer KD 1000 weekly, for 10 winners, KD 100,000 monthly and KD 250,000 quarterly in addition to the year-end profit distribution. The account meets the aspirations of a wide segment of customers who wish to invest their funds through a multi-featured banking account.

As for the eligibility criteria, the customer must hold the balance for a period of 15 days for an opportunity to enter the draws. The customer will have one chance for every KD 50. If the balance is held for 90 days before the draw date, the customer will get two chances for every KD 50, and three chances for every KD 50 if the balance is held for a period of 180 days prior to the draw date. KFH will deposit the value of prizes in the winning customers’ accounts.

Almosalem affirmed that Al-Hassad represents an excellent addition to KFH’s comprehensive suite of financial products, offering a unique opportunity for customers in which the deposited amounts are invested in Al-Hassad based on the Wakala principle.

Speaking about AlRabeh account, she pointed out that the account is part of KFH’s ongoing efforts to provide exceptional products that meet the ambitions of its customers and enhance KFH’s leadership in the local and global markets. It also reflects its excellence in offering innovative banking products and services according to the highest quality standards.

“AlRabeh campaign provides prizes and draws that offer customers several chances of winning weekly, monthly and quarterly. The campaign crowns 536 winners throughout the year.” remarked Almosalem.

Regarding the draw and prizes terms and conditions, Almosalem explained: “The draw process includes 10 prizes, with 10 winners receiving KD 1,500 each weekly and one winner receiving 1 kilogram of gold per month from Kuwait Finance House gold. Additionally, one customer wins KD 25,000 quarterly. The total number of winners per year reaches 536 customers. These draws are conducted in compliance with the draw conditions, which require that the customer’s salary be credited for three consecutive months prior to the draw date. Additionally, the minimum account balance must not be less than KD 50 at the end of each month during the three-month period preceding the draw.”

She went on to say that KFH is committed to continuously enhancing its banking services and products to align with customer needs and expectations, providing them with innovative and modern solutions. This commitment reflects the Bank’s core principle of ensuring customer satisfaction, which has been a fundamental aspect of its success.

She added: “KFH has achieved a significant progress in service excellence by leveraging advanced technological tools, studying market demands, and adapting its offerings to meet the evolving needs of different customer segments at every stage.”