The best account of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws  

Kuwait, 31 January 2024: Kuwait International Bank (KIB) announced the name of the winner in the first Al Dirwaza account Mega Draw, based on customers’ November and December balances. Mr. Fadhel Abdulkareem Fadhel Abdullah Al Mansouri won the grand prize of KD 100,000 after the draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank.

On this occasion, Ali Alsane, Manager - Product Development, Digital Innovation and Data Intelligence at KIB, said: “Today, we are witnessing significant success, notable interest, and strong motivation that encourage customers to save and enjoy the benefits and rewards of their savings. On this occasion, we are pleased to congratulate the winner of the first Mega Draw for Al Dirwaza account. We wish all account customers greater chances of winning in the upcoming draws.” He added: “At KIB, we constantly strive to be innovative in all solutions and products that enable us to reward our customers and achieve the highest levels of satisfaction and trust among them. This is done by offering the best banking experience that solidifies our relationships with them, meets their needs and expectations, and suits their modern lifestyle, in line with our main ‘Bank for Life’ slogan.”

Alsane also noted that KIB continues to embrace an expansion strategy in its banking campaigns, aimed at encouraging customers to open an Al Dirwaza account digitally through the Bank's digital platforms. These platforms include the 'KIB Online' platform and the 'KIB Mobile' application.
It serves to note that Al Dirwaza account is a savings account for individual customers, based on the Wakala investment principle, launched by KIB as one of its banking products for individuals. The account is currently the best of its kind in the sector, with annual expected profits of up to 2% disbursed on a monthly basis, where the customer gets an expected profit of 2% for the first 3 months from the account opening date and up to 1% expected rate onward. The expected profits are automatically deposited into the customer's account within the first day of the beginning of each month. 

Al Dirwaza is a draw account as well, whereby numerous winners are announced throughout the year. Al Dirwaza account holders are eligible to enter the monthly and mega draws on the condition of maintaining at least KD 100 in their accounts. Al Dirwaza account is also in compliance with the provisions of Islamic Sharia and approved by the KIB’s Sharia Supervisory Board. Furthermore, the account comes with a wide range of benefits, including the ease of opening the account, which does not require a salary transfer, and the customer’s ability to open it remotely without visiting a branch through KIB Online on the Bank’s website or KIB Mobile application on smartphones.

Additionally, Al Dirwaza account automatically grants customers instant issuance of an ATM card, with a KD 2,000 ATM daily withdrawal limit, as well as the ability to issue credit cards against the cash collateral in the account. To open the account and participate in its draws, a minimum of KD 100 is required and can only be withdrawn upon account closure.