7th APRIL 2015 - Vol.XXXVIII No.018

Banking on weekly draw

This is a suggestion with regards to My Hassad Draw.

Although the My Hassad savings accounts draw scheme of Al Ahli Bank states that each BD50 in your My Hassad savings account entitles you to one entry in the weekly draw, account holders are provided with no details of the number of entries they have in a particular draw on the basis of their account balances.

Accordingly, the My Hassad savings account holders have no confirmation from the bank as to the number of entries that were made on their behalf in a particular draw.

For transparent dealings, the bank should consider providing its My Hassad savings account holders with written confirmations, possibly through bank statements, of the number of their entries in a particular draw.

Additionally, the announcement of winners in the newspapers should clearly mention if the winner was a My Hassad savings account holder or a My Hassad savings certificate holder.

This will enhance the confidence of people in their scheme and stop any adverse rumours being spread about it. Mohammed Ali

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