Sharia compliant

With bigger and greater prizes, it’s time for you and your family to win big this year as Thimaar Account from Ithmaar Bank starts its new term!

BD50 minimum deposit Free life cover Monthly profit

Your Islamic banking partner

www.ithmaarbank.com+973 13 303030

Ithmaar Bank is your dependable and responsive Islamic banking partner, with the financial strength and clear purpose to constantly aim higher and go further for those who expect more from their bank. We aim to encourage, support and empower those around us to achieve more, prosper and succeed.

Want to know more about our services?

Ask us about our wide range of Islamic bankingproducts and services, including:

- Financing for all your needs- Accounts - Modaraba investment - Credit cards - Safe deposit lockers- Remittances- Business banking- Electronic banking

Licensed as an Islamic retail bank by the Central Bank of BahrainBrochure information correct as at 21.10.13

Thimaar Account has successfully completed third year. For the fourth year, starting October 2013, the rewards grew even BIGGER! You now have a chance to win cash prizes totalling over $2 million with every BD50.

The more you keep in your Thimaar Account, the greater your chances of being one of the 3,000 winners this year.

Ithmaar Bank also holds additional draws for Thimaar accounts opened for children below 18 years (minor accounts). Thimaar minor accounts (for existing and new customers) will enter the normal Thimaar draws and will also automatically enter the new Thimaar Junior draws.

Maximized winnings for our precious little gems!

Win even bigger with Thimaar. Monthly, quarterly, Eid and annual cash prizes

Thimaar is based on the Islamic profit sharing concept of Modaraba and is fully Sharia compliant.

You are eligible for the following (cash prize draws) :

Monthly Cash Prize Draws

• Held every month.• Be one of 83 winners every

month.• Simply maintain a minimum

average daily balance of BD50 in your account for one month.

Quarterly Cash Prize Draws

• Held every three months.• Be the grand winner every

quarter.• Simply maintain a minimum

average balance of BD50 in your account for each of the three months preceding the quarterly draw.

‘Eid’ Cash Prize Draws

Thimaar accountholders are also eligible for additional ‘Eid’ draws for Eid Al-Fitr and Eid Al-Adha. Every account with a minimum balance of BD50 for the last month preceding the Eid Draw will participate. There will be 400 Eid winners in total.

Thimaar Junior:(Monthly Cash Prize Draws)

• Held every month.• For minor accounts only.• Be one of 100 winners every month.• Simply maintain a minimum

average daily balance of BD50 in a minor’s account for one month.

(‘Eid’ Cash Prize Draws)• Thimaar minor accountholders are

also eligible for additional draws for Eid Al-fitr and Eid Al-Adha. Every minor’s account with a minimum balance of BD50 for the last month preceding the Eid promotion draw will participate. There will be 400 Eid winners in total.

Thimaar AccountSave and win with

Thimaar JuniorMonthly Draws Draw DatesOctober 5 Nov 2013November 3 Dec 2013December 7 Jan 2014January 4 Feb 2014February 4 March 2014March 1 April 2014April 6 May 2014May 3 June 2014June 1 July 2014July 5 Aug 2014August 2 Sept 2014September 1 Oct 2014Quarterly Draws 1st Quarter 7 Jan 20142nd Quarter 1 April 20143rd Quarter 1 July 20144th Quarter 1 Oct 2014Eid Draws Eid Al-Fitr 22 July 2014Eid Al-Adha 1 Oct 2014

1200Total Monthly

WinnersCash prizes

US$200 x 100

US$240,000

400Total Eid Winners

Cash prizes

US$200 x 400

US$80,000

Thimaar Account

996Total Monthly

WinnersCash prizes

US$5,000 x 2US$1,000 x 81

US$1,092,000

4Total Quarterly

WinnersCash prizes

US$100,000 x 4

US$400,000

400Total Eid Winners

Cash prizes

US$500 x 400

US$200,000

Sharia Advisory Board4 Dhu al-Qi’dah 1431 (Hijri) 12 October 2010

Fatwa (Sharia Opinion) on the legality of Savings Account prizes (Thimaar)*

Praise be to Allah, Lord of the Worlds, prayer and peace be upon our master Mohammad, his Family and Companions.

Proceeding from the principle of encouraging people to invest and save money, Ithmaar Bank intends to launch a new savings account product called Thimaar in which the subscriber will gain profit on invested money on a Mudaraba basis. In addition, the Bank will give the subscriber monthly, quarterly and annual incentive prizes.

The question:

Is it permissible to give monthly, quarterly and annual cash or non-cash prizes to the investment deposit or current account owners, especially that the distribution of the awards will be by lottery and that the account holder is not required to pay any additional amount to qualify for entry?

The answer:

The Sharia Board has examined the question and, after consideration and discussion, decided the following:

1. The Sharia Board does not object to granting investment account holders incentive monthly, quarterly or annual cash or non-cash prizes by drawing lots.

2. Awards should be from the Bank’s shareholders money, not deducted from profits owed to subscribers in these accounts. The Bank should not impose any additional fees to qualify subscribers for the draw.

3. Awards should not be granted to current account holders. This is because they are considered lenders to the Bank.

4. The Bank should organize clear procedures and regulations to prevent any ambiguity, confusion or misunderstanding.

And Allah knows best.

Prayers be upon Prophet Mohammed, his Family and Companions.

Sheikh Abdullah Sulaiman Al Manee’a

Sheikh Nedham Yaqouby

Sheikh Mohsin Al-Asfoor

* Note: Translated version from the Arabic Fatwa issued by Ithmaar Bank’s Sharia Supervisory Board.

• Thimaar is a Bahraini Dinar account.

• Expected profit rate will be 0.25% per annum.

• Accountholders who maintain BD50 in their account will receive free Life Takaful of BD1,000.

• Thimaar accountholders will receive a Certificate by mail with details of their account at the time of opening.

• An Account Statement will be issued semi-annually, in June and December.

• The Thimaar Account system will automatically calculate all your draw entries at the end of each month. You can find out your number of draw entries by calling our Call Centre on +973 13303030.

Eligibility to open an Account

• Applicants must be 18 years of age or above.

• A parent or legal guardian may open accounts on behalf of a minor (below 18 years old).

• Available to Bahrainis and expatriates.

• Can be opened in the name of Individuals, Joint Personal, Sole Proprietorship, Corporates or any other legal entity.

Banking through Thimaar Account

• Enjoy unlimited cash deposit and withdrawal transactions at Ithmaar Bank branches.

• Free access to your account via Ithmaar eBanking channels and Call Centre for enquiries and transfer of funds to your Thimaar Account.

• Thimaar Accounts will not be linked to ATM cards.

Documentation for opening a Thimaar Account:

• Valid Smart Card for individuals (plus Passport for non-Bahrainis)

• Minor valid Smart Card for Minor Account.

• Copy of valid CR for institutions, in addition to the Memorandum & Articles of Association.

Features

Do I need to open a new account with Ithmaar Bank to enter the prize draws? All customers, even those with an existing account, must open a Thimaar Account. How can I open a Thimaar Account?You can open a Thimaar Account by visiting any Ithmaar Bank branch.Is Thimaar Account Sharia compliant? Yes, the Thimaar Account is based on the Islamic Modaraba structure and is fully Sharia compliant (please refer to the associated Fatwa).How much money do I need to deposit into my Thimaar Account? You can save as much as you want, but a minimum of BD50 is required to participate in the draws. You will receive one entry for every BD50 of your average daily account balance for a full calendar month. What if I withdraw the money and my balance falls below BD50? You can still enter the draw if your average daily account balance for the month is not below BD50. What is the expected profit on my Thimaar Account? Accountholders receive profit on their deposits based on the Islamic profit sharing concept of Modaraba. The Bank will endeavour to pay an expected profit of 0.25% per annum on the Thimaar Account. What is the likelihood of winning? Every month, each BD50 maintained as an average daily balance will qualify you for one entry into the prize draws. The more you save and the longer you maintain your balance in multiples of BD50, the more opportunities you will have to win.

Frequently asked

Questions

What is the currency of the Thimaar Account? The Thimaar Account can be opened in Bahraini Dinars only.What is the Free Life Takaful Cover all about?Your Thimaar Account rewards your savings by offering you FREE Life Takaful (insurance) coverage. This innovative feature is Sharia compliant and truly unique in being packaged and offered free with your Thimaar Account:• Ithmaar is the only bank in the Middle East to provide free Life Takaful

cover on such accounts for every accountholder. • The minimum and maximum age limits at entry are 18 years and 70

years respectively.• The free cover limit is BD1,000 per accountholder. • At the time of death, the accountholder’s account balance should not

be less than BD50 to claim the Life Takaful cover. This Life Takaful cover will provide for a one-time lump sum death benefit of BD1,000 for the beneficiaries on terms and conditions deemed appropriate by the Bank.

How do I deposit and withdraw money from my Thimaar Account?You can make unlimited deposits and withdrawals by visiting our branches. Additionally, you can transfer funds to Thimaar Accounts via the Call Centre and eBanking channels. The Bank will not issue an ATM card or chequebook for the Thimaar Account.

What is Thimaar Junior?Ithmaar Bank also holds an additional monthly draw for Thimaar accounts opened for children below 18 years (minor accounts). Thimaar minor accounts (existing and new) will enter the normal Thimaar draws as well as the new Thimaar Junior draws.

What are the requirements to open a minor account?A valid ID for the minor and the normal Thimaar account opening requirements for the guardian.

If I open more than one minor account, will I be able to win more than one prize in the same draw?No, you are eligible to win one prize in the same draw regardless the number of minor accounts under your name.

If I have an existing Thimaar (minor) account do I have to do anything?No, eligible minors will automatically be entered in the new Thimaar Junior draws.

Are the Thimaar Junior draws similar to those of Thimaar draws?No, Thimaar Junior has monthly and eids draw only.

Frequently asked Questions stions

Thimaar Junior

How many Thimaar Junior winners?There will be 1200 monthly winners and 400 Eids winners for a total of 1600 winners

What are Thimaar Junior prizes? • Thimaar Junior Monthly Draw • $ 20,000 for 100 winners ($200 each) • Thimaar Junior Eids Draw • $80,000 for 400 winners ($200 each)

Can I win both Thimaar Junior and normal Thimaar draws on the same month?Yes, Thimaar Junior draws give an opportunity for customers who have minor accounts to win additional prizes

Is Life cover of BD 1,000 offered for Thimaar Junior (Minor) accounts?Yes, it is only applicable for the guardian.

At Ithmaar Bank, you can enjoy a full range of Islamic banking products and services, all Sharia compliant and in accordance with your principles and morals.

Our renowned Sharia Supervisory Board is highly active and involved in ensuring the integrity of all the services and products that are presented to you. Our rigorous processes for Sharia supervisory, product development and internal auditing combine to bring you truly Islamic banking services.

When you hold an account with us, you enjoy access to a wide range of Islamic banking options:

ATM and Branch networksOnline BankingMobile Phone BankingSMS BankingTelephone BankingCall Centre (24/7)

In addition, you are always protected by the bank’s advanced security systems.

All you need to do is visit one of our conveniently located Ithmaar Bank branches, telephone our customer service helpline on 13 303030, or visit our website at www.ithmaarbank.com

We’ll take care of the rest for you!

Islamic banking

with us

Ithmaar Bank B.S.C.PO Box 2820Seef Tower, Al-Seef DistrictManama, Kingdom of Bahrainwww.ithmaarbank.com