Search KuwaitPR.com

Home >> Banking & Investments

KIB announces winners of Al Dirwaza account's monthly and weekly draw W-1

KIB announces winners of Al Dirwaza account's monthly and weekly draw W-1

Wednesday, July 3, 2024/ Editor -  

Share

Home >> Banking & Investments

The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns

Kuwait, 3 July 2024: Kuwait International Bank (KIB) announced the winners of the monthly and weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The monthly and weekly draw, based on customers’ June deposits, recently took place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. Kawthar Eissa Husain Asiri, Hassan Ali Husain Sabti were named the lucky winners in the monthly draw, with each customer walking away with a prize of KD 5,000. As for the weekly draw, the KD 1,000 prize was awarded to Tamer Mohammed Sulaiman Elhossary, Rasha Ahmad Abed Alshalabi, Taghrid Ahmad Mohammed Khader, Khaled Sunaitan Shaar Almutairi, and Mariam Jamal Safar Almoamen, whilst the KD 500 prize was awarded to Sayed Mubarak Sayed Elahi Ismail, Mohammad Khalaf Deej, Hameed Helail Ali Almuhannadi, Abdulkarim Mohammed Abdulrahman, Tahani Mohammed Khaled Albatel, Ahmed Mohammed Elsayed Ahmed Youssef, and Hayaa Humoud Rudaini Alazmi.

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 account holders are eligible to enter the weekly, monthly and annual draws on the condition of maintaining at least KD 100 in their account. For the weekly and monthly draws, each KD 1 that has completed a full month’s cycle in the account will count for one chance, and chances are calculated based on the lowest monthly balance preceding the draw. As for the mega draw, chances are calculated for each KD 1 that completes a two-month cycle in the account – based on the lowest two monthly balances prior to the draw.

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.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Burgan Bank Crowns Kanz Semi-Annual Draw Winner of the KD 500,000 Cash Prize

KIB awarded ‘Best Real Estate Solutions Provider MENA' in 2024

KIB to be closed during Islamic New Year (1446H) holiday, providing services thr ...

Burgan Bank Signs Strategic Partnership with KOC to Sponsor Team Kuwait at the P ...

Ooredoo Kuwait Launches Summer Internship Program for Second Consecutive Year in ...

Burgan Bank Launches WAMD Instant Payment Service

KIB announces winners of Al Dirwaza account's monthly and weekly draw W-1

Careem Rides launches new “Luxe” Service in Kuwait for everyday luxurious commut ...

Cigna Healthcare Names Leah Cotterill Middle East and Africa CEO, outside KSA

Mitsubishi Power and Kuwait University Sign Memorandum of Understanding to Nurtu ...

Catrice's drops new summer favorites: Slim Eye Shadow Palettes and Kohl Kajal!

Get Ready to have your Summer glow-up with essence Cosmetics' summer collection ...

Ooredoo Kuwait Introduces Innovative Electronic SIM Card For Worldwide Roaming U ...

KIB concludes its gold sponsorship and participation in Tourista Expo 2024

Agility 2023 Sustainability Report Shows Improved Sustainability Performance

KIB offers free round-trip airport limo rides for Visa Infinite credit card hold ...

Sudan is Facing an Unprecedented Hunger Catastrophe, Say UN Agency Chiefs

Ooredoo Kuwait offers new video game devices during the summer holiday

KIB concludes two-day Al Dirwaza promotional event at Al Khiran Mall

WFP Response to new IPC Food Security Assessment on Gaza