QIIB launches ‘Joud’ savings account

DOHA: Qatar International Islamic Bank (QIIB) has announced the launch of its new product, Joud savings account, which allows the bank s customers t...

DOHA: Qatar International Islamic Bank (QIIB) has announced the launch of its new product, ‘Joud’ savings account, which allows the bank’s customers to win a major annual prize as well as weekly, monthly, and quarterly prizes, with total value for all prizes exceeding millions of Qatari riyals.

QIIB’s ‘Jood’ account is a highly competitive savings product that offers numerous benefits to customers. At the forefront are the substantial cash prizes that the customer can win, in addition to being a convenient way to save money.

It also allows for quarterly profit distributions, and customers can withdraw and deposit into it at any time of their choice.

The total number of prizes for QIIB’s ‘Joud’ savings account is 141 annually, including a major prize valued at QR1 million. Additionally, there are 20 quarterly prizes (five per quarter), each at valued at QR50,000.