Qatar Islamic Bank (QIB) has awarded QR1mn to one of its loyal customers during the second year of the Misk grand prize draw, which was conducted in the presence of official representatives from the Ministry of Commerce and Industry and QIB.
The annual grand prize is given to a lucky QIB Misk Account holder as a reward for their savings habits. Hanady Mohamed al-Mohannadi is the second grand prize winner and received the prize at the QIB head office on Grand Hamad Street in the presence of D Anand, general manager - Personal Banking Group, and other QIB senior management team members.
The Misk Account is an innovative savings account that aims to encourage savings by building and rewarding positive financial habits. For the last 12 months, every month, two winners were awarded QR50,000 and every week, five winners were awarded QR10,000.
Starting this month and for the next 52 weeks, the number of weekly winners to be rewarded QR10,000 each is increasing to 10. In addition, every month, two lucky winners will win QR50,000 each for a span of 12 months. The grand prize draw for QR1mn will take place in November 2020. The total number of winners in this new version will be 545 winners and total prizes will reach QR7.4mn.
Prospective customers can start a new relationship with the bank by opening a Misk Account through the award-winning QIB mobile app. This new development allows prospective QIB customers to open QIB accounts in a fast, secure, and convenient way from the comfort of their home, office, or elsewhere.
When opening a Misk Account, customers will receive a free debit card and they can request a credit card free for first year backed by the account balance, take advantage of assured profits on their savings, and have the chance to frequently win cash prizes. In addition, customers will get access to QIB’s award-winning mobile app, where they can conveniently make the majority of their banking transactions, such as transfer funds and utility payments.
“The Misk Account is a testament of our commitment to provide customers with relevant financial solutions. At QIB, it is important for us to reward our customers for developing positive financial habits, and therefore we look forward to rewarding many more of our loyal customers with valuable prizes," Anand said.
“We’re also pleased to announce the launch of the third round of the Misk Savings Account to keep encouraging our customers to save more. This year, we are doubling the number of weekly winners we’re awarding, giving our customers a bigger chance to win. One lucky winner will again win the grand prize of QR1mn next year.”
Commenting on her grand prize win, al-Mohannadi, said: “What a dream come true! I can’t believe that I just won a million Qatari riyals by simply being a QIB customer. I strongly recommend QIB's Misk Savings Account, which comes with weekly, monthly and yearly cash prizes to anyone looking to save more.”
All citizens and residents of Qatar are eligible to open a Misk Account for themselves and their children that are under the age of 18 through the QIB Mobile App. Customers will have 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 of QR10,000 for each of these months. Every additional QR10,000 earns the customer one more chance in the draw.