(MENAFN- Gulf Times) Qatar Islamic Bank (QIB) has launched the 'Misk Savings Account, a new type of savings account that combines the benefit of savings with the excitement of weekly cash prizes and quarterly profit payout.
The Misk account is designed to encourage saving by building and rewarding positive financial habits, and continues QIB's leadership in delivering tailor-made Islamic products and services that satisfy the financial needs of customers in Qatar.
Customers who open a Misk Savings Account will have the chance to win exciting prizes on a weekly basis.
Every week, five lucky winners will be rewarded with cash prizes worth QR10,000 each, while one lucky winner will win the grand prize of QR1mn by November 2018.
'The launch of the Misk Savings Account is a continuation of our efforts and commitment to provide customers with convenient financial solutions, said QIB Personal Banking Group general manager D Anand.
Citizens and residents of Qatar are eligible to open a Misk Account for themselves or their minor children.
A minimum of QR2,000 is required to open the account, with customers having to maintain a minimum monthly balance of QR10,000 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 QR10,000 for each of those months.
For more information about opening a Misk Savings Account, visit www.qib.com.qa
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