The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns
Kuwait, 24 July 2024: Kuwait International Bank (KIB) announced the winners of the weekly draw held under the Al Dirwaza account’s 2024 campaign, which is distinguished by the highest number of winners throughout the year. The fourth 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. The KD 1,000 prize was awarded to Majedah Abdulsamad Mohammad Alsaleh, Naser Khlaif Nuhaiter Alsulaili, Mohammad Salem Kuredi Aldousari, Eissa Mohammad Barrak Alrasheedi, and Sahar Nayef Khudhair Dahham, whilst the KD 500 prize was awarded Fayez Mohammad Jraidi Alrasheedi, Mohammad Mansour Abdulhussain Hussain, Moaath Saad Mohammad Alghadhouri, Irshad Ul Haq Muhammad Shafi, Mohammad Humoud Mhaimeed Alotaibi, Hussain Ahmad Khairallah Bo Taleb, and Anwar Qeaid Hashash Alotaibi.
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.
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