Qatar Islamic BankQSE: QIBK

PRESSR: QIB grants cash prizes of QAR 12.1mln to 622 Misk account holders to date

· Issued by Qatar Islamic Bank

Doha, Qatar –  Qatar Islamic Bank (QIB), Qatar’s leading digital bank, is pleased to announce that the bank has awarded over 600 winners in the ongoing 8th edition of the Misk Account.  With this Misk edition, QIB continues to promote beneficial financial practices and encourage consistent savings habits among its customers.

The 8th edition of QIB’s Misk Account features the largest prize pool in Qatar with a total of QAR 17.4 Million. This edition is rewarding 858 customers with exciting prizes, offering more opportunities to win than ever before. The number of grand prize winners of QAR 1 Million has increased from 4 to 6, with the millionaire’s draw now scheduled every two months. Additionally, the number of monthly winners of the QAR 50,000 prize has risen from 4 to 6, while 15 customers will continue to win QAR 10,000 each on a weekly basis.

Since the launch of the 8th edition of the Misk Account, QIB has celebrated the success of numerous account holders. A total of 570 weekly winners have been awarded prizes worth QAR 5.7 Million, while 48 monthly winners have received prizes worth QAR 2.4 Million. Moreover, 4 customers have been announced as new millionaires by receiving the grand prize of QAR 1 million each. These accomplishments have brought the total number of winners announced to 622. The excitement is building as the next millionaires announcement approaches respectively in September and November.

Mr. D. Anand, QIB’s General Manager – Personal Banking Group, said: “We are happy to see the continued success of the Misk Account in promoting a savings mindset while giving back to our valued customers. Rewarding more than 600 customers so far is a testament to the impact of the program, and we are committed to present the largest prize pool in Qatar.”

To qualify for the draw of the QAR 1 Million Grand Prize, customers are required to open a Misk Account at least three months before the draw date and maintain a minimum monthly balance of QAR 10,000. For every additional QAR 10,000 saved, customers earn an extra chance to win.

Existing and new QIB customers can open a Misk Account easily through the QIB Mobile App. Customers will receive a free debit card, become eligible to request a free, for the first-year, credit card against their Misk Account balance, receive profits on their savings, and have the chance to frequently win cash prizes.

For more information, please visit www.qib.com.qa/en-miskaccount.

Send us your press releases to pressrelease.zawya@lseg.com

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

Company analysis