Tejoori |
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| What is the BisB Tejoori ? |
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Tejoori winners in June - 2010
Tejoori winners in May - 2010
Tejoori winners in April - 2010
Tejoori winners in March - 2010
Tejoori winners in February - 2010
Tejoori winners in January - 2010
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| Tejoori is a savings account that allows the customer to win substantial cash prizes as a reward on their savings. The Tejoori savings account is a normal Mudharaba based investment account, and all prizes are paid from the shareholders promotional prize account. |
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| What are the features of this account? |
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Account Structure
- The Tejoori account will require the customer to deposit and maintain a minimum of BD50 in the account.
- Each BD50 in the account will entitle the account holder to have 1 ticket to enter the monthly, quarterly and yearly raffles.
- The Bank shall apply on this Tejoori account the Mudharaba system at the same rate of savings accounts, which are 65% of the profit for the Mudhareb (the Bank) and 35% of the profit for Rab Al Maal (the account holder).
- The customer can deposit or withdraw any amount from the account, knowing that each BD50 in the account will entitle the customer to enter the raffle by one ticket while all other fractions will not be considered in the raffle.
- Every ticket will be entitled to enter the raffle after its minimum of 30 days of the deposit into the account.
Certificates
- The savings certificate is printed at the time of the creation of the account and the deposit of the amount into the account and at anytime the customer requests.
- The savings certificate will hold the number of all tickets of the customer in addition to the account balance at the time of printing.
- At the customer's request, a new certificate can be issued after every deposit or withdrawal from the account at any branch.
- The winning customers will be required to present the original certificate that holds the winning ticket number for claiming the prize.
- If the customer lost his/her certificate a replacement will be issued by a written request from the customer and after collecting a replacement fee of BD5.
Raffle
- The Tejoori Raffles will take place at the beginning of each month.
- All raffles will be conducted in the Main branch with the presence of internal and external auditors and a respresentative from the Ministry of Industry and Commerce.
- The scheme offers a total of 212 cash prizes during 1 year, with 4 grand prizes totaling over $1,500,000.
- The monthly, quarterly and annual prizes are detailed as:
- 212 yearly winners totaling more than $1,500,000
- 4 grand prizes totaling $550,000
- 1 quarterly winner of prizes totaling $200,000
- 17 monthly winners totaling to $840,000
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The longer you save, the greater your chances of winning 4 grand prizes.
| Deposit date |
Number of entries to the grand raffles for every BD 50 |
| 1 to 3 months of the grand raffle |
1 |
| 3 to 6 months of the grand raffle |
2 |
| 6 to 9 months of the grand raffle |
3 |
| Longer than 9 months of the grand raffle |
4 |
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| What Fatwas principle is this account based on? |
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The Fatwa principle for this account can be viewed by
clicking here |
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