QIB concludes the 5th edition of its Misk Account draw and announces the launch of a new edition with more prizes and opportunities to win 

Doha, Qatar – 21 November 2022: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced that it is continuing its Misk Account draw for the 6th consecutive year, with the largest value of prizes in Qatar, offering Misk Account holders additional cash prizes and opportunities to win.

QIB’s Misk Account is a unique savings account that offers customers exceptional features and benefits and gives them the opportunity to win weekly and monthly prizes, as well as grand prizes quarterly. Like the regular savings account, customers have the freedom to deposit and withdraw money from the account at their convenience. To be eligible for the prizes, customers should maintain a minimum monthly balance of QAR 10,000 and every QAR 10,000 saved equals one entry in the draw.

Running from November 17th, 2022, until 16th November 2023, the number of monthly prizes of the new edition has been doubled this year from 2 to 4, each winning QAR 50,000 for a total of 48 monthly winners. The Grand Prize will be offered to 4 lucky Millionaires, each one winning a prize of QR 1 million every three months in addition to 15 winners to receive QAR 10,000 each, every week. This increases the accounts’ prize pool to QAR 14,2 million compared to last year’s QAR 13 million, with an addition of QAR 1,2 million to reward a total of 832 winners among QIB’s customers.

Commenting on the launch of the new edition, Mr. D. Anand, QIB’s General Manager – Personal Banking Group said: “Our Misk Account provides the largest prize pool for a draw or savings account in Qatar. QIB is keen to maintain this competitive edge to ensure new and existing customers keep saving with us.”

“For the past five years, Misk has recorded substantial growth and an immense positive response from our customers. We aim to keep the product revitalized in the coming years to continue presenting unique rewards and opportunities to our customers.”

QIB has been constantly acknowledged for the excellence of its banking experience and offerings, receiving several prestigious awards for its digital innovation and excellent services and solutions, including Best Performing Bank in Qatar 2022, Best Bank in Qatar 2022, Best Islamic Bank the Year in Qatar 2022, World’s Best Islamic Financial Institution 2022, Best Bank for Digital Solutions in Qatar 2022. These awards and the bank’s growing service range reflect QIB’s continuous efforts to develop its existing product suite and create innovative products, services, and solutions to meet the fast-changing financial needs and preferences of its customers in Qatar.

Existing and new QIB customers can open a Misk Account easily through the QIB Mobile App. Customers will receive a debit card, become eligible to request a credit card for the first year against their Misk Account balance, receive profits on their savings and have the chance to frequently win cash prizes.