Posted on November 18, 2018

One year after the launch of the Misk Savings Account, Qatar Islamic Bank (QIB) has announced the Misk Account winner of the annual Grand Prize of 1,000,000 Qatari Riyals (One Million Qatari Riyals). The lucky winner, Mr. Ali Hassan Al Mslmani, was randomly selected in a draw that took place in the presence of official representatives from the Ministry of Commerce & Industry and QIB.

The Misk Account is an innovative saving account that aims to encourage savings by building and rewarding positive financial habits. Since its launch in October last year, each week 5 winners have been selected and awarded a prize of QR 10,000, summing the total number of winners to 230 QIB customers. Mr. Ali Al Mslmani, is the first grand prize winner of one Million Qatari Riyals.

Ali Hassan Al Mslmani received his grand prize last Thursday, 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. Commenting on his win, Al Mslmani stated, “When I signed up for the Misk account a while ago, I did it because I wanted to start saving in a more consistent way, but I didn’t ever expect to be the winner of such a prize! I was surprised when I received a call from my bank telling me that I had won One Million Riyals.  I would like to thank QIB for this prize and also for the unique Misk Account, which not only helped me save more, but also granted me this amazing prize that I hope I will put to good use in my life.”

Remarking on the success of the Misk Account, D. Anand, QIB’s Personal Banking Group General Manager, said, “We would like to extend our congratulations to Mr. Ali Al Mslmani for winning the One Million Riyals prize. The Misk Account is a continuation of our efforts and commitment to provide customers with convenient financial solutions, and we look forward to rewarding many more of our customers with valuable prizes.” “I’m also pleased to announce the launch of the second round of the Misk Account in order to continuously encourage our customers to save more. This year, we are offering more prizes to more customers, giving them the chance to be rewarded for their savings on a weekly and monthly basis, while one lucky winner will again win a grand prize of one Million Riyals next year,” added D. Anand.

In the new version of the Misk Account, 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 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.

All citizens and residents of Qatar are eligible to open a Misk Account for themselves and their children who are not of legal age. A minimum of QR 5,000 for new customers and QR 2,000 for existing customers is required to open the account, with customers having to maintain a minimum monthly balance of 10,000 Qatari Riyals 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 10,000 Qatari Riyals for each of these months. Every additional 10,000 Qatari Riyals earns the customer one more chance in the draw. When opening a Misk Account, customers will also receive a free debit card and free e-statement, as well as access to QIB’s new Mobile Banking App and the internet banking platform.

For further information, please visit QIB’s website: