As part of its ongoing efforts to reward its customers and to promote financial literacy amongst the community, major leading financial institution in the UAE, First Gulf Bank (FGB), awarded Mansour Hamdan the grand jackpot prize of AED 1 million as part of its quarterly draw for the Emirati Al Awwal Islamic Certificate programme. The draw was supervised by a representative from the Department of Economic Development, Abu Dhabi.Furthermore, the draw awarded two runner ups Mohammed Ali Al Nuaimi and Abdullah Al Rumaithi with AED 200,000 prizes.
The Emirati Al Awal Islamic Certificate is a Shariah compliant deposit scheme, which is meant to encourage customers to save. The programme rewards its participants where it encompasses 30 weekly prizes worth AED 5,000 each, 2 monthly prizes; one for AED 100,000 and the other for AED 50,000 in addition to 3 quarterly prizes; one for AED 1 million, and 2 for AED 200,000. Each AED 1000 certificate entitles one entry to the draw programme. The more certificates a customer holds, the more chances they have of winning.
Congratulating the winners, Huda Abdulla, Executive Vice President of Branch Distribution at FGB: “We are glad to conclude our quarterly draw for the Emirati Al Awal Islamic Certificate Programme, and are pleased to have awarded all our winners. We encourage more Emiratis to partake in this unique, innovative scheme, so that they can also benefit from establishing savings for themselves, whilst also being rewarded for this positive practice through receiving cash prizes, which they can use to further enhance their deposits.”
“Officially re-introduced on July 2012, the Shariah compliant Emirati Al Awwal Islamic Certificate was developed based on a survey conducted by the bank, which showed a preference amongst the majority of Emirati customers for an Islamic deposit product. We will continue to adapt our services to best suit the needs of our customers and to make sure we meet all their banking requirements.”
Deposits to this scheme can be made from FGB branches and their partner exchange houses throughout the UAE. Customers can also purchase Emirati Al Awwal Islamic Certificates through FGB’s call centre. Depositors can start with a minimum of AED 1,000 where additional deposits can be made in multiples of AED 1,000, with no maximum limit.