Press Releases



Manama, Kingdom of Bahrain, 24th November, 2016 Khaleeji Commercial Bank (KHCB), one of Bahrain's leading Islamic banks, continues to achieve esteemed and noteworthy international awards. The renowned investments scheme by KHCB, known as the ‘Al Waffer’ account was recently awarded the ‘Best Savings Scheme’ in the Kingdom of Bahrain by Banker Middle East magazine.

The Al Waffer scheme is completely Shari’a compliant. Customers can open and invest in Al Waffer account with a minimum of BD 50. With this account, they will receive expected annual profits on their investments as well as a guaranteed entry into the monthly held draws for every BD 50 they deposit into the account. The more money invested into the Al Waffer account, the more are their chances to win big. KHCB clients who have just opened their Al Waffer accounts with the bank will also be eligible for the upcoming draws as well as the ‘Lifetime Draw’. KHCB believing in making dreams come true, further raised the bar of realizing and achieving those by offering bigger value in the prizes both during the monthly draws as well as the Big Grand Prize, called the ‘Lifetime Draw’, thereby making investments a rewarding experience, bringing about a noticeable change in one’s life.

The seventh edition of the Al Waffer account has seen many matchless prizes being won by KHCB’s loyal clients, which included six Porsche Cayenne cars and five cash prizes US $100,000 each, in addition to 469 other cash prizes. The final draw to be held in January 2017 known as the Mega draw ‘Lifetime Dream’ prize will include a luxury villa, a Porsche Cayenne and a grand total of US $25,000. The opportunity of winning and living their dream is still available for those interested in winning the ‘Lifetime Dream’ prize, provided that the Al Waffer account is opened before the 30th of November 2016 by approaching any of KHCB’s branches in the Kingdom.

Commenting on the occasion, Mr. Khalil Al Meer, Chief Executive Officer of KHCB said “We at KHCB constantly seek to be pioneers in the banking industry by conducting extensive market studies, responding to market changes, knowing the needs of our clients and launching new innovative products and services. By doing so, KHCB has understood what customers expect and want from their trustful bank. It is our aim to always provide our clients with only the best products and services. This determination and strong values have led us to receive internationally renowned awards by reputable specialized institutions”.

He added, “This award comes as evidence of the huge success Al Waffer account has witnessed in the past, by bringing a noticeable change in winners’ lives by means of offering grand prizes.  The increased number of depositors in the ‘Al Waffer’ account reflects our strong client relationships. This year’s edition’s lucky winner will walk away with a Villa, a Porsche Cayenne and US $25,000”.

Distinction and Superiority 

This award is added to the other acclaims received by the bank since the beginning of this year, including  “Best Islamic Credit Card Program (Easy36)” award in addition to the “Best Islamic Banking Product (I’teman Account)” presented  by the well-renowned Global Banking & Finance Review, a leading financial portal and print magazine. Besides  receiving  these  awards , KHCB has also received the award  of ‘The Fastest Growing Bank in Bahrain’ granted by CPI Financial Banker Middle East and Africa due to the strong financial results and the deeply-rooted growth achieved by the bank during the last period. This can be seen in the bank’s net income, liabilities, revenues, return on equity and return on assets, where the financial results achieved by the bank have been compared with the counterparts in the Kingdom of Bahrain.