WarbaBank

Warba Bank is conducting its second quarterly Sunbula draw today via Radio 360FM at 2:00 pm on the 21st of July of 2022 to announce the lucky winners. The draw will be held in the presence of the representative of the Ministry of Commerce and Industry as well as Warba Bank employees.

The Sunbula account is the perfect choice for all those who wish to save money and achieve appropriate financial returns on their balances. Additionally, it provides opportunities to win cash prizes throughout the year. The Sunbula account campaign in 2022 is characterized by mega draws that are held on a quarterly basis, and in this second big draw, the grand prize of KD 250,000 will be drawn for one winner, in addition to the grand draw, the winners of the weekly draw will be announced for the account. The Sunbula, where 10 winners are announced weekly, each with an amount of 1,000 KD.

There will also be a special monthly draw for the “Sunbula Children” account with seven lucky winners. The first winner will receive 1,000 KD, the second winner will receive 500 KD, and the third to seventh winners will each receive 100 KD.

With regards to the conditions for winning the Sunbula, Mr. Abdullah Nasser Al-Shuail - Senior Director of Branches and Private Banking Services at Warba Bank explains that: “Only 100 KD is required to enter the weekly Sunbula draws and other major draws, whereby the customer still gets one chance for every 10 KD in the account, and the chances are calculated according to the lowest balance in the account during a month. Therefore, a full month must have passed in the account to qualify for the weekly draw, and two full months for the major draws to calculate the opportunities. Al-Shuail adds that there are no restrictions or limits for withdrawal and deposit, the higher the deposited amount, the greater the customer’s chances of winning.

As for the Sunbula Deposit customers, they will have the opportunity to enter the Sunbula account withdrawals for every KD 1,000 in the deposit account, which aligns with the provisions of Islamic Sharia that are based on the Wakala investment principle. This deposit is characterized by flexible tenures that reach at the highest up to 60 months distributed according to the customer’s choice either monthly, annually or when due. It is worth noting that the Sunbula account is a banking product that is compatible with the provisions of Islamic Sharia and is based on the “Wakala by Investment” principle so that it is the ideal choice for customers wishing to save and achieve financial returns at the same time, through which customers’ funds are invested and their returns are deposited in their account on a quarterly basis.