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

Kuwait, … February 2023:

Kuwait International Bank (KIB) has announced the names of the winners in the first Al Dirwaza account monthly draw, based on customers’ January deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. Mr Fawaz Ibrahim Salem Alobaidli Won KD 10,000, in addition to KD 1,000 awarded to 10 winners:

Mr TALAL MUBARAK SAUD ALHAJRAF, Mr Nawaf   Braik Sulaiman Alotaibi, Mr Yaser  Abdulrahman Saleh Alotaibi, Mr Saad Saleh Zayed Alajmi, Mr RASHED KAMEL SUWAILEM ALDHAFEERI, Mr Hamad   Mahdi Ali Alajmi, Mr BADER HASAN BADER ALHAJRAF, Mr ABDUL SATTAR ABDUL MAJEED ABDUL MAJEED, Mr Ali   Hussain Hasan Mohammad, and Ms Matrah Sahal Sameer

In his comments on the monthly draw, General Manager of KIB’s Retail Banking Department Othman Tawfeqe said, “We are delighted to congratulate our distinguished Al Dirwaza account customers who are the first lucky draw winners. We wish everyone who has a Al Dirwaza account better luck in the next monthly draws, as there are still plenty of chances to win throughout the year . We always aspire to satisfy our customers and earn their trust, launching premium banking products that meet their needs and that offer unique benefits that give them added value to meet their aspirations”.

Tawfeqe pointed out that Al Dirawaza 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 up to 2% disbursed on monthly basis where the customer gets an expected profit of 2% for the first 3 months from the account opening date and 1% onward. The expected profits are automatically deposited into the customer's account within the first day of the beginning of each month. 

Tawfeqe also highlighted that 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. To further clarify, he mentioned for the monthly draws, each KD 1 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.

Tawfeqe ensured that Al Dirwaza account is in compliance with the provisions of Islamic Sharia and approved by the KIB’s Sharia Board. Furthermore, the account comes with a wide range of benefits, including the ease of opening the account, which doesn’t 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.