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 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, he can fill a form to obtain Taqseet Card and to take advantage of the promotional campaign at eXtra center directly. The campaign will continue for a period of two months from the launch date.
“We are pleased today to continue to promote Taqseet Card, which is received a wide acceptance among the clients, as it meets, in Islamic ways, their different needs and at the same time provides great 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,” Mohamed Isa Al Mutaweh, Chief Executive Officer and Board Member of Al Baraka Islamic Bank, said.
“The launch of the new promotional campaign for Taqseet Card in collaboration with eXtra reaffirms the highly flexible competitiveness enjoyed by this card, and its ability to meet the various financial needs of clients, according to the latest banking innovations that are compliant with the Sharia. We are proud for the financing arrangements that we have established with eXtra, which reflects the confidence of major local and regional businesses in the Bank’s products and its broad customer base,” Rashid Alalaiwi Assistant General Manager, Retail Banking and Domestic Branches said.
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. It is available for individuals without transferring their salaries and the monthly installments can be paid in any of the participating merchants in Taqseet Card program or at any Al Baraka branches.
eXtra, which was founded in 2003 and based in the city of Khobar, Saudi Arabia, is the largest and fastest growing retailer of electronic devices and household in the Middle East. The company provides more than 12 thousand globally leading products for more than 10 million customers across its stores, covering a broad spectrum of goods including televisions, audio systems and computers, mobile phones and communication through information technology, cameras, home appliances and personal care products.