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Tejoori Savings Account

Tejoori Al Islami is an investment account that allows the customer to win substantial cash prizes as a reward on their investment.

The Tejoori Al Islami investment account is a normal Mudharaba based investment account, and all prizes are paid from the shareholders promotional prize account.

A special gift for someone special

Tejoori Al Islami is now available as a gift.
Visit any branch today and dedicate your special someone a memorable promising gift for any of the following occasions and more:

  • Eid
  • Graduation
  • Wedding
  • New Home
  • New Born Baby
Tejoori Al Islami Gift Certificate Required Documents:
  • 2 valid identifications of the gift provider
  • The name and contact details of the gift receiver
What are the features of this account?
  • Minimum of BD50 in the account.
  • Each BD50 in the account will entitle the accountholder to have 1 certificate to enter the monthly, quarterly and yearly raffles.
  • Mudharaba system is applied 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).
  • 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 certificate while all other fractions will not be considered in the raffle.
  • Every certificate will be entitled to enter the raffle after its minimum of 30 days of the deposit into the account.
  • Investment 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.
  • Investment 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
  • Tejoori Al Islami Raffles will take place on the first week of every month.
  • All raffles will be conducted with the presence of internal and external auditors and a representative from the Ministry of Industry and Commerce.
  • Winners will be announced in newspapers and on social media.
Tejoori Raffle Dates
Day
Month
Year
Tuesday February 05 2013
Tuesday March 05 2013
Thursday April 04 2013
Sunday May 05 2013
Wednesday June 05 2013
Thursday July 04 3013
Thursday August 05 2013
Thursday September 05 2013
Sunday October 06 2013
Tuesday November 05 2013
Thursday December 05 2013
Sunday January 05 2014
2013 Prize Scheme
  • More than $2million in prizes.
  • More than 1200 winners in 2013.
  • 4 Grand Prizes totaling $600,000.
  • More than 100 monthly winners.
Prize Type
No. of Prizes
Amount Per Prize
Total Prizes Amount
 Monthly
 100 1,000 $100,000
  1 $5,000 $5,000
  1 $20,000 $20,000
Total
 102       $125,000
Grand
 3 $100,000 $300,000
1 $300,000 $300,000
Total
 4 $600,000

The longer and more you invest, the greater your chances of winning.

Deposit Period
Number of extra entries to the Grand raffles for every BD50
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
What Fatwas principle is this account based on?

Click here to view the Fatwa principle of this account

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