ADCB Islamic Banking Announces Latest Winners of Millionaire Savings Accounts

Press release

Published March 25th, 2022 - 08:16 GMT

ADCB Islamic Banking Announces Latest Winners of Millionaire Savings Accounts

Abu Dhabi Commercial Bank

Highlights

Abu Dhabi Commercial Bank (ADCB) Islamic Banking announced February 2022 million-dirham winner of its Millionaire Destiny Savings Account (MDSA) and the winner of the Emirati Millionaire Savings Account (EMSA) grand prize

Mr. Motassem A. Millionaire Destiny Savings Account (MDSA) customer is the latest winner in the monthly prize draw of AED 1,000,000 for MSDA account holders. The other winner of AED 500,000, from EMSA is Mr. Farid Juma. Additionally, 20 other customers have won AED 10,000 each, whose names can be viewed at www.adcbislamic.com/winners.

Both MDSA and EMSA encourage customers to save regularly, with a minimum monthly average balance of AED 5,000 giving them a chance to enter into a prize draw to win one of the 264 prizes worth over AED 25 Million in the year. While the first AED 5,000 gives the customer one entry into the draw, every additional AED 1,000 gives an additional entry. The account can be operated as a regular savings account and comes with a debit card, which can be used to withdraw cash and shop online or at stores.

With its Shari’ah compliant Millionaire Destiny Savings Account and Emirati Millionaire Savings Account products, ADCB Islamic Banking helps customers to become millionaires and achieve their ambitions by promoting the culture of savings among citizens and residents of the UAE. The Emirati Millionaire Savings Account is exclusive for Emiratis and the Millionaire Destiny Savings Account is available for all nationalities living in the UAE. Anyone aged 18 years and above is eligible to open these accounts by providing simple documents at ADCB branches or via the online channels. Minors can open accounts with their guardians.

Background Information

Abu Dhabi Commercial Bank

ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.

ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Market.

ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009. In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.