Posted on November 23, 2019

One loyal Qatar Islamic Bank (QIB) customer was awarded 1,000,000 Qatari Riyals (One Million Qatari Riyals). The annual grand prize is given to a lucky QIB MISK account holder as a reward for their savings habit.  The Grand Prize Draw of the second year of MISK was conducted in the presence of official representatives from the Ministry of Commerce & Industry and QIB representatives.

Mrs. Hanady Mohammed Al Mohannadi is the second grand prize winner of One Million Qatari Riyals from QIB. She received her grand 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 50,000 QR and every week, five winners were awarded 10,000 QR. Starting this November and for the next 52 weeks, the number of weekly winners to be rewarded QR 10,000 each is increasing to ten. In addition, every month, two lucky winners will win 50,000 Qatari Riyals each, for a span of 12 months. The grand prize draw for QR 1,000,000 will take place in November 2020. The total number of winners in this new version will be 545 winners and total prizes will reach QR 7.4 Million.

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 anywhere else. When opening a MISK Account, customers will receive a free debit card and they can request a free for first year credit card 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.

Commenting on her grand prize win, Mrs Hanady Al Mohannady, 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 opened a MISK Savings Account with QIB to help support my long-term goals and continue to grow my savings, which has proven to be a success. To then be rewarded with such a great prize for this positive habit, is truly wonderful. I strongly recommend QIB's MISK Savings Account, that comes with weekly, monthly and yearly cash prizes to anyone looking to save more.”

Remarking on the success of the MISK Account, D. Anand, QIB’s Personal Banking Group General Manager, said: “We are delighted to congratulate Mrs. Hanady Al Mohannady for winning the grand prize of One Million Riyals with QIB. 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.”

He added: “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 one Million Riyals next year."

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. They can do so quickly and simply through the QIB Mobile App. Customers will have 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.

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