KIB announces winners of Al Dirwaza account’s seventh draw

Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws

Kuwait, __ August 2023: Kuwait International Bank (KIB) announced the names of the winners in the seventh Al Dirwaza account monthly draw, based on customers' July deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. In this draw, Naflah Saleh Hamed Alsenafi won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Abdulrazzaq Montadher Abdulrazzaq Almahdi, Ahmad Hamed Mater Alenezi, Sawsan Hashim Jabbar, Falah Soud Hadmol Alreshedi, Khaled Salem Abdullah Adwah Alajmi, Hussain Ali Mohammad AlHammadi, Jaafar Yousef Abdullah Alhaddad, Azer Abdel Messih, Maha Zakariya Mohammed Alostath, Abdulmohsen Khaled Ibrahim Alkhouzam.

Commenting on the latest draw, Ali Alsane, Manager - Product Development, Digital Transformation & Innovation at KIB, said: "We are delighted to congratulate our esteemed customers who were the lucky winners in the seventh Al Dirwaza Account draw. We also extend the best wishes to the rest of Al Dirwaza account holders in the upcoming monthly draws." He added: "At KIB, we remain committed to rewarding our customers while ensuring their satisfaction and loyalty toward our products and services. KIB continues to exert significant efforts toward offering a premium banking experience and the best banking solutions that cater to the modern lifestyles of all customer segments."

Alsane asserted that KIB also continues to develop the benefits and advantages of its campaign designed to encourage customers to open an Al Dirwaza account digitally through the KIB Online platform or KIB Mobile application.

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 is a draw account as well, whereby 11 winners will be announced every month, receiving prizes of KD 20,000, along with a grand prize at the end of the year of KD 100,000. Al Dirwaza account holders are eligible to enter the monthly and mega draws on the condition of maintaining at least KD 100 in their accounts. For the 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 two months 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.