Al Baraka Islamic Bank launches new promotional campaign for Taqseet Card in collaboration with eXtra

June 5, 2014 3:30 pm

Al Baraka Islamic Bank B.S.C (c) launched a new promotional campaign for Taqseet Card, which received a high demand from the public, in collaboration with Extra, the owning company of the retailer of electronic devices and household in the Kingdom of Bahrain.

The promotional campaign has unique features to customers who are willing to shop at Extra center, where two installments will be waived if they choose to purchase their goods in installments using “Taqseet Card”, along with the competitive profit rate used by the Bank. In the case of the client fulfills the criteria of the Bank, customers can fill a form to obtain Taqseet Card and to take advantage of the promotional campaign at Extra center directly or through one of the Bank’s branches. The campaign will continue until 31 July 2014.

On this occasion, Mr. Mohamed Isa Al Mutaweh, CEO and Board Member of Al Baraka Islamic Bank, said “we are pleased today to continue to promote Taqseet Card with one of the largest stores in Bahrain, since it meets, in Islamic ways, the different needs of customers, and at the same time, with offering large facilities in terms of flexibility of payment. This card is an innovative product reflects the commitment of Al Baraka Islamic Bank to provide the best services and products to customers. ”

For his part, Mr. Rashid Alalaiwi DGM, Business Group of the bank said “the launch of the new promotional campaign for Taqseet Card in collaboration with Extra for the second time during two years reaffirms the wide acceptance of the Card by the customers due to its highly flexible competitiveness, and its ability to meet the various financial needs of clients, according to the latest banking innovations that are compliant with the Sharia. He add “We are proud for the financing arrangements that we have established with Extra, which reflects the confidence of major local and gulf businesses in the Bank’s products and its broad customer base. ”

Taqseet Card is a financing tool that has been especially designed to help individuals to purchase goods and pay back on flexible installments over the time of period of their choice. What makes the Taqseet Card so unique is the ability to obtain several finance facilities running on just one card at the same time. One of its features is the ability to settle the purchases in installments up to 60 months. It is available for individuals from employees and businessmen without transferring their salaries and the monthly installments can be paid in some of the participating merchant in Taqseet Card program or any AIB branches. The Card is also widely accepted at participating stores, and there is available ability for the issuance of additional installment card to a family member.