Monday 18 June 2018

American wins Dh1 million Dubai Bank prize

Dubai, November 28, 2011

Dubai Bank has announced Abu Dhabi-based American citizen, Mustafa Kamalas, as the November winner of its million dirham Kunooz savings account draw, a monthly draw held by the Shari’a compliant bank.

The Kunooz one million dirham draw is part of Dubai Bank’s strategy to reward its valued customers and grow their net worth, a statement from the bank said.

“I opened a Kunooz account last year after a thorough research on various investment vehicles in the country,” said Kamal. “Kunooz, being a Shari’a compliant product, proved to be a great investment opportunity that reaps the benefits of Islamic Banking.”

WaleedSaeed Al Awadi, head of branches and royal banking, deputy chief marketing officer, said: “Month after month, winners like Kamal benefit from this draw, an initiative that has transformed their lives for the long-term. Kunooz, with its savings potential and opportunity to generate optimal returns, is considered a catalyst for many of our customers in achieving their personal finance goals. The added benefit of channeling their savings in a prudent and Shari’a-compliant manner has also proved to be a big attraction for those who bank with us.”

Under the Kunooz monthly cash prize promotion, each multiple of Dh1,000 ($272.29) deposited in the Kunooz account qualifies the customer for multiple entries into the draw for daily cash prizes of D30,000 ($8,169).

For every multiple of Dh5,000 ($1,361.47) deposited, account holders become entitled for entry into the monthly grand prize draw of  Dh1 million ($0.27 million).

The programme also offers participants the possibility to win more than once, the statement said. – TradeArabia News Service

Tags: UAE | Dubai | Dubai Bank | Winner | Kunooz Savings Account Draw |

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