Qatar Islamic Bank (QIB) has announced that it has awarded over 600 winners in the ongoing eighth edition of the Misk Account, promoting beneficial financial practices and encouraging consistent savings habits among its customers.

The eighth edition of the Misk Account features the largest prize pool in Qatar, with a total of QR17.4mn, rewarding 858 customers. The number of grand prize winners of QR1mn has increased from four to six, with the millionaire’s draw now scheduled every two months. Additionally, the number of monthly winners of the QR50,000 prize has risen from four to six, while 15 customers will continue to win QR10,000 each every week.

Since the launch of the eighth 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 QR5.7mn, while 48 monthly winners have received prizes worth QR2.4mn.

Four customers have been announced as new millionaires by receiving the grand prize of QR1mn each. These accomplishments have brought the total number of winners announced to 622. The next millionaires announcements are in September and November, respectively.

D Anand, QIB 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 presenting the largest prize pool in Qatar.”

To qualify for the draw of the QR1mn 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 QR10,000. For every additional QR10,000 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, visit www.qib.com.qa/en-miskaccount.