In an exciting revelation, Ajman Bank has proudly announced the first winner of its Millionaire Savings Account’s grand Dh1 million prize. The draw, held on July 13, 2023, marked a significant milestone as account holder Samiha Abdulqader was chosen as the instant millionaire through an automated selection process.
The Millionaire Savings Account, a unique offering from Ajman Bank, provides participants with not only a chance to win up to Dh1 million twice a year but also includes the opportunity to claim 10 monthly prizes of Dh5,000 each. Account holders become eligible for the raffle by maintaining a minimum balance of Dh10,000, with every additional increment of Dh10,000 securing them an additional entry.
One of the standout features of this account is its adherence to Shari’a-compliant principles, offering a Mudaraba-based profit-bearing account to its customers. In addition to this, account holders receive a complimentary Ajman Bank Master Debit Card, enhancing the overall banking experience.
Faizal Kundil, Head of Consumer Banking at Ajman Bank, expressed his enthusiasm for the success of the Millionaire Savings Account. He stated, “This draw highlights the tremendous success of the Millionaire Savings Account and reaffirms our commitment to providing innovative banking solutions to our valued customers.”
The popularity of the account is evident, with Kundil further noting, “This account has been very popular with our customers, and we are pleased to be able to offer them the opportunity to win big while also saving for their future.”
The Millionaire Savings Account distinguishes itself by operating on the principles of Islamic finance. It incorporates a profit-sharing mechanism based on the lowest balance maintained each month, with the distribution following a predetermined ratio between the customer and the bank.
As Ajman Bank continues to prioritize customer satisfaction and innovative financial solutions, the success of the Millionaire Savings Account stands as a testament to their commitment to providing a unique and rewarding banking experience. With the prospect of life-changing winnings and the added benefit of Shari’a-compliant banking, the Millionaire Savings Account is undoubtedly making waves in the world of Islamic finance.
