Complex sentence: Another incentive sometimes used by banks is "Hibah" (literally "gift") which is given to customers a'gift' on savings account balances, and serves as a way for them to compete with interest-paying savings products.
Split into simpler sentences: Another incentive sometimes used by banks is "Hibah" (literally "gift"). The banks pay their customers a'gift' on savings account balances, which serves as a way for them to compete with interest-paying savings products.