Impressed by its unique Shariâ€™a-compliant nature, Mohammed Azhar Ali signed up for Dubai Bankâ€™s Kunooz account in July last year, with little expectation of a big winning.Â Earlier this month, Mohammed found out that his meager investment was going to be life-transforming, as he was declared winner of the million dirham Kunooz cash prize draw for the month of April.
Mohammed, who hails from India, works as a senior structural engineer with a Dubai-based architectural firm and began investing with Dubai Bankâ€™s Kunooz Value Plus account after being attracted to the bankâ€™s Shariâ€™a-compliant style of investing. â€œWhen I first heard about Kunooz, what struck me was the distinctive nature of the product, given its Shariâ€™a-compliant status which was very important to me. Moreover, it also offered the benefits of a traditional savings instrument along with value added features. Having the opportunity to earn benefits and rewards on a daily basis was also equally attractive to me.â€
A resident of Dubai for the past 16 years, Mohammed is now planning a new future, including sufficient savings to provide for his childrenâ€™s education, courtesy his Kunooz account. â€œI have four kids and this prize will be used to provide for their future by making sure that they get the best education possible. I am also very keen to use the money for charity so that I can share my rewards with those less fortunate in society.â€
Mohammad was awarded his cheque by Tariq Al Farsi, Head of Branches at Dubai Bank.
â€œIt gives us great pleasure to be involved in helping yet another valued customer become a worthy millionaire by investing with Dubai Bank, said Tariq Al Farsi. The response of our customer base to the Kunooz account has been overwhelming, given its savings potential and the opportunity to generate optimal returns. The distinctive Shariâ€™a-compliant nature of the product has also struck a chord with our customers along with the opportunity to earn exciting prizes.â€
Under the Kunooz monthly cash prize promotion, each multiple of AED 1,000 deposited in the Kunooz Account qualifies the customer for multiple entries into the draw for daily cash prizes of AED 30,000. For every multiple of AED 5,000 deposited, account holders become eligible for entry into the monthly grand prize draw of AED 1 million. The programme also offers participants the possibility to win more than once.