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Rewarding Returns and Monthly Draws of KD 10,000
Under the slogan: "Each Sunbula Embeds Valuable Prizes"
Kuwait: Warba Bank, the fastest growing bank in Kuwait, which provides a wide spectrum of Shariah compliant banking and investment, has announced the launch of its new product, Al Sunbulah, an investment savings account which is suitable for customers wishing to save funds while realizing good returns on their savings. It also gives them a chance to win monthly prizes of a total value of KD 10,000
Warba Bank continues to offer distinct advantages to its customers. Al Sunbulah account presents added benefits to the bank's current products and services and offers six monthly cash prizes that can make dreams come true.
The new Al Sunbulah account from Warba Bank is available to both Kuwaiti nationals and residents with no obligation to transfer their salaries to Warba Bank. All eligible persons who meet the criteria to open an Al Sunbulah account can do so at any of the bank's branches in a matter of minutes or through the banking services on the bank website and through mobiles enabled with both Apple and Android systems. No minimum balance is required to open the account, however, to enter the monthly draws, a minimum balance of KD 100 must be maintained in the account, and the more money the client saves in the account, the more chances he or she has to win one of the bank's prizes which are given throughout the year.
Like other accounts offered by Warba Bank, Al Sunbulah account enables its customers to benefit from all the bank's distinctive and innovative services including ATM access and credit cards.
Al Sunbulah account by Warba Bank marks a new stage of banking services for customers that will meet their aspirations and expectations, in addition to promoting the concept of saving to them while they achieve good returns on their investments and remain eligible to win KD 10,000, whereby six people will have the chance to win each month. Al Sunbulah account is marked with convenience and flexibility which makes it the perfect account awarding customers with valuable cash prize in each draw.
As transparency is one of Warba Bank's founding values since the bank's inception, and because it is committed to the procedures set by the state of Kuwait, draws will be supervised by a representative from the Ministry of Commerce and Industry once the conditions are examined and met by the eligible customer accounts for the draw. Draws will be done electronically at random. The day of the draw will be the first Monday of each month (provided it is a working day) and the first prize is KD 5,000, in addition to five prizes of KD 1,000 each. Prizes will be deposited directly in the winners' accounts within two days from the draw. For a customer to be eligible for the draw, he or she must have deposited the amount in Al Sunbulah account for a whole month before the draw date. For example, if the draw is on April 4th, 2016, the last date to deposit into the account must be before March 1st, 2016. Each customer will have one draw entry for every KD 100 he or she has in the account, and the number of entries will be based on the lowest balance a customer maintains during that month.
Moreover, Al Sunbulah account by Warba Bank is an investment saving account that totally complies with the Islamic Sharia law and has been endorsed by the fatwa and monitoring authority of the bank. Worth to mention that Warba Bank is mindful to provide its customers with outstanding services through innovative products that offer them new benefits which secure their investments. Therefore, Al Sunbulah account is one account with three benefits for our customers; including helping to promote a savings culture, giving them good monthly returns on their investments in risk-free assets that are Sharia-compliant and giving customers monthly opportunities to win KD 5,000 provided he or she is eligible for the draw. The customer has the added capability to transact deposits and withdrawals electronically through the internet, smart phones and the bank's ATMs. There are no limitations on deposits or withdrawals in Al Sunbulah account, and there will be no fees for closing the account.".
On the same note, Warba Bank is ambitiously pursuing plans to expand in the Kuwaiti market through its general strategic initiatives, and thus, it seeks to offer more services to attract a wider segment of new customers in order to raise its market share and maintain a competitive edge over other local banks. This is in addition to uplifting the Islamic banking industry through launching and offering services that are compliant with the principles of our Sharia jurisdiction, and giving customers practical solutions to their financial requirements. In this context, Warba Bank is keen on innovating financial services for individuals as well as corporations, especially in personal finance, investments and business banking. As such, we hope to satisfy our customers and to secure continuous and viable growth for the bank to achieve a pioneering role in Islamic banking, locally and regionally.
Customers who wish to learn more about the new Al Sunbulah account may inquire by contacting Customer Services by visiting any of the bank's branches, its website or its social media accounts on Twitter, Facebook and Instagram.
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About Warba Bank:
Warba Bank was established pursuant to Emiri decree and officially registered as an Islamic bank by the Kuwaiti central bank on 5 April, 2010. It offers a bundle of comprehensive integrated services and banking solutions that comply with the Islamic sharia jurisdiction, and such services are offered through three groups or services, namely, the Banking Group, the Company Financing Group and the Investment and Treasury Group. The bank has eight branches in strategic locations with over 300 employees working under its umbrella.
For further information please contact
TMCC public relations
Person: Rasha Moneim
Mobile: 90066106
Landline: 965 22916074
Email: rasha.moneim@pr-tmcc.com
© Press Release 2016
