ila News

The latest updates, and stories from the ila team

ila Updates
Mar 12, 2024
ila Bank customers to win monthly cash prizes on ‘Hassala’ savings

Manama, Bahrain: ila Bank, powered by Bank ABC, offers customers the chance to win monthly prizes on their Hassala savings starting from the month of March to December 2024. Each month one lucky winner will receive BHD 1,000, while ten winners will receive BHD 100 each through a raffle draw, taking the total prize money to be won this year to BHD 20,000.

Prizes on Hassalas have been relaunched by ila Bank in 2024 as a result of listening to and fulfilling customers’ needs. The initiative reflects ila Bank’s commitment to encourage saving as a positive financial habit while making it an engaging and rewarding banking experience.

Each BHD 20, or equivalent amount in any other currency, in a Hassala is considered as one entry into the raffle draw. The number of entries will be calculated on the total balance across all Hassalas maintained by the customer on the last day of each month. The draw will be held in the attendance of a representative of the Ministry of Industry and Commerce, senior bank representatives, as well as the bank’s internal auditors.

The eleven winners for each month will be announced on ila Bank’s social media accounts, and the prize money will be credited to their ila BHD Currency account. Funds deposited in alburaq Hassalas are excluded from this campaign.

Commenting on the launch of this exciting prize programme, Nada Tarada, Head of Business & Customer at ila Bank remarked, “We are pleased to reintroduce prizes on Hassala for our customers on popular demand. This underscores ila’s endeavour to drive positive saving behaviours and offer additional rewards to eleven lucky customers each month. ila Bank is proud to offer its clients a traditional mode of saving money in an innovative, digital format. By enabling them to reach their saving goals in a secure, convenient, and seamless manner, ila empowers customers to quickly move ‘towards’ their financial goals and aspirations. This is our way of showing our appreciation for their trust in ila and all the cutting-edge products we offer.”

Maintaining a Hassala with ila is a simple, seamless way to save up for various life goals. Customers can maintain multiple Hassalas in their preferred currency, and even choose to earn interest on their savings. This digital, fully-automated saving tool gives customers immediate access to their money at any time, as well as the opportunity to win exciting cash prizes on their deposits.

Create your Hassala with just a tap of a few buttons on the award-winning ila Bank app today to start saving money and win cash prizes every month this year.