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Al Dirwaza Account

An investment saving account based on Wakala investment principle with profits disbursed monthly, along with draws to win cash prizes throughout the year.

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Account benefits

  • The funds of the account are invested based on Wakala investment principle
  • Instant issuance of ATM card
  • Annual expected profits up to 2% disbursed on Monthly basis
  • Up to KD 2,000 cash withdrawal from ATMs
  • SMS service
  • No salary transfer required

Chances calculation

  • Monthly draw: 1 chance is for every KD 1 that have completed 1 full calendar month in the account, and the chances are calculated based on the lowest monthly balance prior to the draw
  • Mega Draw: 1 chance is for every KD 1 that have completed 2 full calendar months in the account, and the chances are calculated based on the lowest 2 monthly balances prior to the draw
  • The maximum chances each customer gets is 250,000
  • Draw chances are calculated on the available account balance excluding amounts under collections
  • Blocked amounts are calculated for the draw chances

Conditions

  • The account is available for individuals in Kuwaiti Dinar only
  • Customer’s salary cannot be transferred to this account
  • Minimum balance of KD 100 is required for the account and to enter the draws and this amount can only be withdrawn upon account closure
  • Monthly profits are calculated based on the minimum monthly balance
  • The Mega draw takes the place of the monthly draw
  • The monthly draw winners are not entitled to enter any of the monthly draws until the end of three months
  • The prizes are not deducted from the customer’s funds
  • The customer should not close the account until the day of the draw in order to enter the draws

2023 campaign

  • Monthly draws: from February to December 2023 – 1st winner: KD 10,000, 2nd to 11th winners: KD 1,000
  • Mega Draw: January 2024 – one winner of KD 100,000
  • *the Mega draw takes place the monthly draw

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