Qatar Islamic Bank (QIB) has awarded cash prizes to more than 200 ‘Misk account’ holders in the past 41 weeks.
Each of the weekly winners received QR10,000, while the monthly winners won QR50,000 each. There are still 66 savers due to win monthly and weekly cash prizes, and one lucky winner who will be receiving the grand prize worth QR1mn.
The two winners for this month are Abdulaziz al-Mohannadi and Rashid al-Obaid. The draw was held in the presence of an official representative from the Ministry of Commerce and Industry and QIB
Misk is an innovative Shariah-compliant savings account, which rewards positive financial habits. To enhance customer experience, QIB has enabled prospective and existing clients to open a Misk account through the QIB Mobile App. Through its digitalisation approach, QIB is empowering customers to get instant access to their finances from anywhere at any time.
Over the past few years, QIB has taken strides in facilitating and accommodating customers’ digital needs. It is the first Islamic bank in Qatar and the region to offer potential and existing customers a fully-integrated and digitalised
banking experience.
All citizens and residents of Qatar are eligible to open a Misk account for themselves and their children who have not reached legal age. A minimum of QR5,000 for new customers and QR2,000 for existing customers is required to open the account. Customers will need to maintain a minimum monthly balance of QR10,000 to be eligible for the weekly and monthly draws.
To qualify for the grand prize draw, the customer must open the account three months prior to the final draw and maintain a minimum saving amount of QR10,000 during each of these months. Every additional QR10,000 earns the customer one more chance in the draw.
When opening a Misk account, customers will also receive a free debit card, a free e-statement, and access to QIB’s recently updated mobile banking app and the Internet banking platform.