29 August 2020, Doha, Qatar:  Qatar Islamic Bank (QIB) has awarded more than 400 winners with cash prizes in the third edition of its innovative Misk savings account. The Misk account comes as part of the Bank’s ongoing efforts to promote positive financial habits and encourage individuals to save money.

Existing and new QIB customers interested in opening a Misk account can do so easily, from anywhere, at any time, simply by reaching out to their mobile phone and using the award-winning QIB Mobile App. New customers can start their relationship with QIB by opening the Misk account through the mobile app and subsequently start using the app to manage all their day-to-day banking needs remotely having access to more than 90 features and services.

Upon opening the account, customers will receive a free debit card, e-statement service, and can request a free for the first year credit card backed by the funds balance in their MISK account.

MISK has witnessed two previous successful editions, awarding a total of 490 loyal QIB Customers, where two lucky winners walked home with One Million Qatari Riyals each. All the draws are held in the presence of official representatives from the Ministry of Commerce and Industry, as well as QIB representatives. The names of the winners from the most recent draws are published on QIB’s website. The next millionaire take place this coming November

Due to the increasing popularity of the account, in this years’ edition, QIB has doubled the number of weekly winners to 545 and will award 7.4 Million Qatari Riyals in total. Every week, 10 lucky winners are entitled to 10,000 Qatari Riyals each, and two monthly winners are eligible for 50,000 Qatari Riyals each. While the grand prize draw for the One Million Qatari Riyals will take place in November 2020.

All Qatari citizens and residents are eligible to open an innovative MISK Savings Account for themselves or their minor children. Customers have to maintain a minimum monthly balance of QR 10,000 to be eligible for the weekly draws. To qualify for the grand prize draw, the customer must open the account three months prior to the draw and maintain a minimum of QR 10,000 for each of those months. Every additional QR 10,000 earns the customer one more chance in the draw.

The QIB Mobile App has undergone an immense transformation over the years, to keep up with the hyper-connected, online world. Regular updates to the app make it easier than ever to bank on the go, 24/7, as they were developed to meet the customers’ daily banking requirements. Customers can conveniently enjoy a contact-free banking experience with QIB by completely banking remotely using QIB’s Mobile App or Internet Banking that has over 90 features, available 24/7, that serve the customers’ daily banking needs. 

QIB Mobile App is available on Apple and Google Play stores, and customers can easily self-register using their Debit Card number and PIN. QIB Mobile App offers a seamless banking experience, and allows customers to access all their accounts, check their finance status, perform many activities on their cards, transfer money locally and internationally and pay their bills. The QIB Mobile App offers further innovative services, including Instant Finance, Instant Credit Card, Digital Onboarding, and Opening New Accounts for Existing Customers.