Posted on January 03, 2019

Qatar Islamic Bank (QIB) has announced the first Misk Account winners of the monthly cash prizes worth QR 50,000 each.

The draw was held at QIB’s head office in the presence of an official representative from the Ministry of Commerce and Industry and QIB representatives. In a random draw, it was declared that the lucky winners of the month are Ibrahim Mustapha and Hamad Al-Hammadi.

The Misk Account awards every week, five lucky winners will be rewarded with cash prizes worth 10,000 Qatari Riyals each for a span of 52 weeks and a total of 260 winners. In addition, two lucky winners will win the monthly prize of 50,000 Qatari Riyals for a span of 12 months and a total of 24 winners. The grand prize draw for QR 1,000,000 will take place in November 2019. The total number of winners in this new version will be 285 winners, and total prizes will reach QR 4.8 Million. 

Commenting on this, D. Anand, QIB’s Personal Banking Group General Manager, said “I would like to congratulate all winners that have won up till now in the second round of Misk and wish the best of luck to all Misk account holders who are yet to win. The new release of the Misk Account has been designed to incorporate more prizes, weekly, monthly and the final annual grand prize and incorporate a larger number of winners to encourage customers to save more”.

All Qatari citizens and residents are eligible to open a Misk Account for themselves or their minor children. A minimum monthly balance of QR 10,000 is required to be eligible for the weekly draws. To qualify for the grand prize draw, the customer needs to open the account three months prior to the draw and maintain a minimum of QR 10,000 for each of these months. Every additional QR 10,000 earns the customer one more chance in the draw. When opening a Misk Account, customers will also receive a free debit card and access to QIB’s new Mobile Banking App and the internet banking platform. 

For more information about opening a Misk Savings Account, please visit: