Kuwait, 8 December 2024: In celebration of the official reopening of the Derwaza Al-Abdulrazzaq intersection in the city, Kuwait International Bank (KIB) launched a special draw campaign for its Al Dirwaza account holders, allowing even more customers to enjoy the rewards of an investment savings account that carries a name of cultural and architectural significance. The special draw came as part of the Bank’s ongoing efforts to engage its diverse customer base through various campaigns throughout the year, driven by its promise of being a ‘Bank for Life’.

The draw took place in the presence of representatives from the Ministry of Commerce and Industry, crowning 10 lucky customers KD 500 each. The lucky customers included Alyaa Abdulrahman Khaled Alghunaim, Dhari Hakem Mekhlef Alshammari, Raja Mohammad Hasan Alarbash, Sanaa Hamad Jaber Ghanam, Rabaah Marzouq Mekhled Alazmi, Sami Hayef Omair Alshammari, Abolhassan Murtadha Khalvati, Pushpa Lili Thomas Violet, Mohammad Sanhat Dhaidan Alqahtani, Mohammad Jassim Abd Ali Alkhalifah.

Commenting on the special draw, Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, said: “At KIB, we believe in celebrating milestones that matter and are constantly on the lookout for meaningful ways to connect with our customers. The reopening of the Derwaza Al-Abdulrazzaq intersection marked an important and positive development for Kuwait City, and we saw it as a perfect opportunity to commemorate this moment. Through our exclusive Al Dirwaza draw, we were able to share this significant development with our valued customers, enriching their banking experience while reinforcing our deep connection to the progress of Kuwait.”

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.