Abu Dhabi, 19 February, 2012: Abu Dhabi Commercial Bank "ADCB" Islamic Banking has recently donated AED 30,000 on behalf of Emirati Millionaire Saving Account (EMSA) customers to Zakat Fund.  This donation comes as more than 1,200 customers have already opened their EMSA accounts since its launch 2 months ago.

The EMSA encourages UAE Nationals to save regularly while rewarding them with monthly cash prizes. ADCB's monthly draw for the EMSA and Millionaire Destiny Savings Account (MDSA) took place at the bank's head office in the presence of representatives from the Ministry of Economy in Abu Dhabi. This month's grand prize of AED 250,000 went to Mr A, Al Yafei, in addition to 30 more prizes valued at AED 300,000 granted to ADCB EMSA accountholders.

Commenting on ADCB's recent donation to the Zakat Fund, Abdul Aziz Ahmed Al Ali, Head of Resources of Zakat Fund, said: "I would like to thank ADCB for this donation as it represents a good opportunity to contribute for the well-being of the society. This truly complements the position of ADCB as a socially responsible bank and we, at Zakat Fund, look forward to cooperating further with ADCB Islamic Banking on behalf of EMSA customers."  

Mr V. Singh who holds a Sharia' compliant 'MDSA' account, won the jackpot prize of AED 1 Million. This Sharia' compliant account is available to all ADCB customers. In addition to this, ten customers won 1,000,000 TouchPoints, the loyalty program offered by ADCB.

Congratulating the winners, Amr Al Menhali, Head of Islamic Banking at ADCB, said: "Our new prize based product, EMSA is gaining momentum as many customers are opening this first of its kind Sharia' savings account dedicated for Emiratis, combining benefits of saving with winning opportunities. MDSA has also continued to be one of the most popular products of ADCB Islamic Banking having customers from 134 different nationalities including UAE Nationals whereby 17 accountholders have won AED 17 Million cash prizes while others have won 320 Million TouchPoints, the ADCB renowned rewarding program." 

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About ADCB:
ADCB was formed in 1985 and as at 30 September 2011 employed over 3,800 people from 48 nationalities, serving over 480,000 retail customers and approximately 34,000 corporate and SME clients in 47 branches, 4 pay offices and 1 kiosk in the UAE and two branches in India.  It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 183 bn as at 30 September 2011.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, project finance, property management services, and Islamic banking products.

ADCB is owned 58.08% by the Abu Dhabi Government through the Abu Dhabi Investment Council.  Its shares are traded on the Abu Dhabi Securities Exchange.  As at 30 September 2011, ADCB's market capitalisation was AED 16 billion.

About EMSA:
ADCB's Shari'ah compliant EMSA is available exclusively for UAE nationals and their families. One of the unique features of the EMSA is that ADCB pays AED 25 to charity for each account opened. To be eligible for the draw a minimum average balance of AED 5,000 should be maintained in the account, for every AED 1,000, EMSA customer gets one chance in the draw. ADCB gives three additional chances to family members when one or more family members open EMSA. 31 monthly cash prizes worth a total of AED 550,000 are awarded, along with yearly prizes of AED 2.7 Million (AED 15,000 monthly for 15 years) and 5 Hajj and 5 Umrah Packages.

EMSA customers earn competitive quarterly profits on their account balances and TouchPoints are also awarded on account balances and transactions. EMSA customers maintaining a balance of AED 30,000 are eligible for AED 100,000 free Life Takaful, arranged by ADCB through Islamic Insurance Companies.

About MDSA:
ADCB's Shari'ah Compliant MDSA is one the fastest growing product of the bank with more than 45000 customer base from across UAE. MDSA enjoys good mix of the three segments available in the bank, namely Aspire, Privilege and Excellency, catering to retail, mass affluent and high net worth consumer banking customers. All ADCB branches, Excellency RMs, Direct Sales and TeleSales staff offer MDSA to customers and the Bank is now exploring the possibilities of tie ups with leading exchange houses to further boost the distribution of MDSA in the UAE.

Interested customers can also apply for MDSA through the website and via internet banking. MDSA customers can earn competitive quarterly profits on their account balance and TouchPoints are also awarded on account balances and transactions. MDSA customers maintaining a balance of AED 30,000 or above are eligible for free Life Takaful worth AED 50,000 arranged by ADCB through Islamic Insurance Companies.

Customers also have easy access to the funds in their MDSA through internationally accepted debit card, coupled with free internet banking and mobile banking services. One of the unique features of the MDSA is for every additional AED 1,000 above the minimum average balance of AED 5,000, ADCB will give that customer one additional chance of winning in the prize draw. Also, for every additional month an MDSA customer maintains the minimum average balance of AED 5,000, they get one more additional chance in the prize draws. The monthly prize is AED1,000,000 and there are ten monthly prizes of 1 Million TouchPoints each. TouchPoints is ADCB's loyalty program. Earned TouchPoints can be redeemed for air tickets, shopping vouchers and utility payments.

For further information please contact:
ADCB Corporate Communications Department
Tel: +971 (0) 2 696 2380
Fax: +971 (0) 2 610 9852

© Press Release 2012