Posted on August 30, 2017

Barwa Bank, Qatar’s most progressive Shari’ah compliant banking service provider, has launched its new ‘Al Majd’ campaign, at a special ceremony held in the presence of His Excellency Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank and his deputy His Excellency Sheikh Fahad Bin Faisal Al Thani, His Excellency Sheikh Mohammed bin Hamad bin Jassim Al Thani, Chairman and Managing Partner of Barwa Bank Group, as well as the Board members and the CEO of Barwa Bank Group, in addition to many of high profile banking individuals and heavy media presence.

Through the ‘Al Majd’ initiative, launched in collaboration with the artist Ahmed Al Maadeed, Barwa Bank offers its new and current clients an exceptional banking package with feature-rich services and unique privileges, in the framework on its various ongoing national initiatives throughout the year, in line with its vision of providing products and services that meet the aspirations of the Qatari society in all of its segments.

Barwa Bank is always keen to provide its customers with unique and distinctive banking products and services aimed at forming a qualitative addition to the banking service they aspire to. From the outset, Barwa Bank has continued to develop its innovative offerings and services to ensure that its clients continue to enjoy Shari’ah compliant products. Having launched the limited edition of the Qatar National Day card and many other innovative products, ‘Al Majd’ card comes as a new and qualitative national initiative from Barwa Bank that introduces a unique edition of three cards, including a debit card, and credit cards that carry an innovative design.

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During the event, Sheikh Mohammed bin Hamad bin Jassim Al Thani, Chairman and Managing Partner of Barwa Bank Group, said: “On this special occasion, we at Barwa Bank Group would like to highlight the strategic role of the banking sector in the State of Qatar in maintaining the stability of the national economy and its positive performance in spite of all regional and global challenges. Barwa Bank’s ‘Al Majd’ campaign celebrates the honorable values that Qatar has been founded on; the same values that shaped our culture and heritage, and propelled our nation to the front ranks of progress and prosperity. It is no secret that this incredible journey of social and economic development has been made possible thanks to the wise leadership and ambitious vision of our Emir His Highness Sheikh Tamim Bin Hamad al Thani, carrying on the legacy of the Father Emir His Highness Sheikh Hamad Bin Khalifa al Thani, who laid the foundation for the Qatar National Vision 2030 and set its four solid pillars in motion. And it is because of such a solid foundation that Barwa Bank Group has continued to cross one milestone after another, driving the growth of our Company and contributing to the social and economic development of our beloved Qatar along the way.”

On his part, Mr. Khalid Al Subeai, Barwa Bank Group Chief Executive Officer, said: “It is our utmost pride and honor to launch this unique initiative, which comes as part of Barwa Bank’s national initiatives supporting the Qatari society in all of its segments, citizens and residents alike. Today, we present our new and existing clients the opportunity to take advantage of the valuable banking services and privileges that we have carefully crafted, as a means of giving back to each and every one who put their trust in our Group, in line with our social responsibilities and our unwavering commitment to every current and future client. With the ‘Al Majd’ Visa and MasterCard cards, we are not only giving our clients the chance to express their pride in their country, but also making their contributions play an important role in the development of the national economy by investing in banking operations.”

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In a detailed presentation on the benefits of the exceptional ‘Al Majd’ package, Mr. Talal Ahmed Al Khaja, Chief Communications Officer at Barwa Bank Group, said: “The ‘Al Majd’ initiative is perfectly aligned with Barwa Bank’s ongoing efforts to provide the best banking privileges to the community it serves, which is centered on its core value of putting people first and providing products and services that meet the aspirations of the community. It should then come as no surprise that we chose to launch the initiative in collaboration with our dear brother Mr. Ahmed Al Maadeed, who positively contributed to this initiative. We have chosen the Qatari flag and the ‘Al Majd’ icon, which has become the most prevalent in the heart of Doha and today personifies national pride that is felt by all segments of the Qatari Society. And so we came up with a special design for our debit and our MasterCard credit cards.”

On the sidelines of the ceremony, Barwa Bank also announced the launch of its exceptional Shari’ah-compliant savings account that offers high flexibility and profit rates, and presents new and existing clients the unique opportunity grow their investment at an expected 3% annual rate, where profits are paid on a quarterly basis. The account allows clients to withdraw once every quarter up to 25% of the current balance.