Qatar Islamic Bank (QIB) has awarded more than 400 winners with cash prizes in the third edition of its Misk savings account.

The Misk account, QIB said in a statement, comes as part of its ongoing efforts to promote positive financial habits and encourage individuals to save money.

Existing and new QIB customers interested in opening a Misk account can do so easily, from anywhere, at any time, simply by reaching out to their mobile phone and using the award-winning QIB Mobile App.

New customers can start their relationship with QIB by opening the Misk account through the mobile app and subsequently start using the app to manage all their day-to-day banking needs remotely having access to more than 90 features and services.

Upon opening the account, customers will receive a free debit card, e-statement service, and can request a free for the first year credit card backed by the funds balance in their MISK account.

Misk has witnessed two previous successful editions, awarding a total of 490 loyal QIB customers, where two lucky winners walked home with QR1mn each.

All the draws are held in the presence of official representatives from the Ministry of Commerce and Industry, as well as QIB representatives.

The names of the winners from the most recent draws are published on QIB’s website.

Due to the “increasing popularity” of the account, in this years’ edition, QIB has doubled the number of weekly winners to 545 and will award QR7.4mn in total.

Every week, 10 lucky winners are entitled to QR10,000 each, and two monthly winners are eligible for QR50,000 each.

The grand prize draw for QR1mn will take place in November.

All citizens and residents are eligible to open the Misk Savings Account for themselves or their minor children.

Customers have to maintain a minimum monthly balance of QR10,000 to be eligible for the weekly draws. To qualify for the grand prize draw, the customer must open the account three months prior to the draw and maintain a minimum of QR10,000 for each of those months.

Every additional QR 10,000 earns the customer one more chance in the draw.

The QIB Mobile App has undergone transformation over the years, to keep up with the hyper-connected, online world. Regular updates to the app make it easier than ever to bank on the go, 24x7, as they were developed to meet the customers’ daily banking requirements.

Customers can conveniently enjoy a contact-free banking experience with QIB by completely banking remotely using QIB’s Mobile App or Internet Banking that has more than 90 features, available 24x7, that serve the customers’ daily banking needs.