With Alizz Islamic Bank’s cash back campaign, win back up to 100% of your transaction amount when using your debit or credit card
Muscat - Sultanate of Oman: As part of its strategic plan to stay close to customers and meet their Sharia'a compliant banking needs, Alizz Islamic Bank has announced the launch of its cards cashback campaign on Alizz Islamic Bank's Debit and Credit Cards. The campaign duration is from February 14th 2018 to April 30th 2018.
The objective of the campaign is to encourage customers to use their credit and debit cards as an alternative to cash to create a non-cash community, as well as to educate customers on the advantages of using cards. This will also encourage and help customers benefit from various discounts and special offers from various outlets.
Alizz Islamic Bank encourages customers to not carry large amounts of cash when shopping but rather use their Debit or credit cards which are faster and easier and also guarantee a secure transaction because of the non-use of cash. Using your card also help you control and plan your spending and leads to better financial management as the card helps in recording all your purchases in addition to the opportunity to win your cash back. Cash prizes are a gift from the shareholder's funds.
On the launch of this campaign, Moosa Al Jadidi, Chief Operating Officer, Alizz Islamic Bank, said: "We are proud to add value and enhance the banking experience through our wide range of cards. Having created the best value proposition for Alizz Islamic Bank card holders, the campaign unfolds exciting rewards for them. The campaign is aimed at motivating a change in consumer behaviour that makes 'payment by cards' both a habit and a preference. Through monthly draws, the campaign offers an opportunity to win back up to RO300 on purchases made using all Alizz Islamic Bank cards"
All purchases made using Alizz Islamic Bank cards which exceed RO 10 whether debit cards or Titanium, Platinum, World and World Elite Credit Cards, the customer will be given a chance to enter the monthly draws, and give them a chance to win back up to RO 300 of what they spent. In addition, each international transaction or online transaction in excess of RO 10 (on both the credit card and debit card) will have two chances to enter the draws. The number of winners in this campaign are 90 winners, 30 winners each month and the winners will be notified personally and the amount shall be credited to the winning account within 3 business days of the draw, which will take place in the 2nd week of each month. The cash prizes are hiba (gift) from the shareholders' funds.
Credit cards from Alizz Islamic Bank are based on the principle of "Qard Hassan", which is a shari'a principle used by many of the leading Islamic banks in the world for its credit card product. This product has been approved by the Shari'a Supervisory Board of Alizz Islamic Bank and the Central Bank of Oman. This product allows the customer the option of paying the amount in the statement at the end of the month or settling the amount in deferred installments based on the minimum payment criteria.
It is worth mentioning that Alizz Islamic Bank won the "Best Credit Card" award in Oman from the prestigious "Banker Middle East" magazine in 2014. The success of Alizz Islamic Bank continues since its inception on 30 September 2013.