Huda Abdulla, Executive Vice President of Branch Distribution at FGB
First Gulf Bank (FGB), one of the leading banks in the UAE, has confirmed that all Emirati Al Awwal Islamic Certificate owners will receive a return of 1.5% on the total value of the certificates they hold, which will be directly transferred to their accounts on a monthly basis. This is the first time that FGB has distributed a return to Emirati Al Awwal Islamic Certificate scheme participants.
In addition, FGB has announced the winners of its quarterly draw for the Emirati Al Awwal Islamic Certificate programme. One lucky Emirati customer has won a cash prize of AED 1 million and two runners up were rewarded with prizes of AED 200,000.
Emirati Al Awwal Islamic Certificate, a Shariah-compliant deposit scheme, has been designed to encourage UAE Nationals to develop a regular savings habit. The programme rewards participants with a variety of cash prizes, including:
30 weekly prizes worth AED 5,000 each.
Two monthly prizes, one for AED 100,000 and the other for AED 50,000.
Three quarterly prizes, including one for AED 1 million, and two for AED 200,000 each.
Each AED 1000 certificate entitles the customer to one entry into each weekly, monthly and quarterly draw respectively. The greater number of certificates that a customer holds, the more chances they have of winning.
Commenting on the quarterly draw, Huda Abdulla, Executive Vice President of Branch Distribution at FGB, said: “Saving schemes, such as Emirati Al Awwal Islamic Certificate, provide convenient and accessible methods to put aside a manageable amount of money that, over time, builds effortlessly into a greater amount.
“The decision to provide each Emirati Al Awwal Islamic Certificate holder with 1.5% on their savings is a reflection of the bank’s desire to share its success with the customers who have helped to make it one of the leading banks in the UAE,” Huda Abdulla added.
Customers can purchase Emirati Al Awwal Islamic Certificates through FGB’s call centre and FGB branches. Each saving certificate costs AED 1,000 and can be purchased in multiples of AED 1,000 with no maximum limit.