back Back

Ahlibank introduces ‘Wafra plus’ account to help customers multiple their money

By Leandra Monteiro

March 31, 2022

  • ahlibank
  • Cash Management
  • Daily Multiplier Account

ahlibankIn its mission to create new avenues that meet customer needs, ahlibank has introduced the ‘Daily Multiplier Account’, called Wafra plus, which will provide its new and existing customers with an exclusive opportunity to multiply their money – every day.

With 24X7 cash management via digital channels or branch network, customers will not only enjoy unlimited transactions but also supplement their savings with the addition of competitive benefits that are compounded and paid each day. Accordingly, benefits will be made available as a withdrawal or compounded benefits in customers’ accounts.

“The new account has been devised as a platform to secure and build our customers’ savings accounts. Simply put, it will multiply their money on a daily basis, allowing them to earn bonus benefits. This is a significant landmark in our strong growth trajectory, and it reflects our commitment to create and implement products and services that are truly relevant to our customers. We believe in engaging with our customers across various platforms to assess their changing requirements and, accordingly, incentivize our products to match their pulse and financial attitudes,” said Muneer Al Balushi, AGM – Head of Retail Distribution.

The ‘Daily Multiplier Account, Wafra plus’, launched under ahlibank’s popular brand name ‘Wafra’, will allow ahlibank customers to earn benefits, on daily basis. Designed as a convenient and easy to maintain service, it will enhance customers’ financial strengths with not just the provision of unlimited withdrawals, but the inherent savings culture it promotes. The prefix of ‘Daily’ on the product reflects the Bank’s intent to integrate the concept of financial competency among its customers, who now stand to earn more on a daily basis.

Highlighting ahlibank’s quest to constantly upgrade its products and services, Muneer Al Balushi added, “Our cadre of responsive managers and professionals are attuned to the market trends and rely on constructive feedback from our customers to conceptualize and implement innovative products that reflect the changing environment. Besides, every customer is different and, as an institution of excellence, we know the importance of tailoring products that cater to specific segments of society. We believe innovation is the key to progress and our ‘Daily Multiplier Account’ is symbolic of that growth. We urge our account holders and potential customers to avail this exclusive opportunity to build their finances and enjoy the peace and security that it entails.”

Previous Article

March 31, 2022

DataBP expands data services business with MarketAxess

Read More
Next Article

March 31, 2022

Fusion Risk Management announces integration with Unified Compliance Framework

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024


Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 17, 2024

Digital banking glitches drive younger generations away from traditional banks

Read More

July 16, 2024

TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More

July 15, 2024

National Bank of Fujairah unveils digital platform for business account opening

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024