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Warba Bank announced the launch of its 2026 "Al Sunbula" account campaign, featuring updated operational and regulatory procedures. The initiative follows a comprehensive upgrade of the draw systems to align with regulatory directives, ensuring high levels of integrity, transparency, and customer trust.
The 2026 campaign introduces an updated operational framework designed to enhance transparency and equal opportunity. The new mechanism simplifies how draw chances are calculated, linking them directly to customer savings balances. Additionally, the "Al Sunbula Kids" account has been updated with dedicated draws to ensure fair competition for younger age groups while fostering a culture of saving.
The bank plans to begin the 2026 draws in May. To ensure full coverage of the year, the initial draws will be conducted retrospectively to cover February (for January deposits), March, and April. Following this phase, the bank will return to its regular schedule, conducting draws on the second Thursday of every month under the supervision of audit authorities to ensure regulatory compliance.
Mohannad Essa Burhama, Director of Products and Segments – Retail Banking Group at Warba Bank, outlined a reinforced oversight mechanism for the new campaign.
Banking Group at Warba Bank, outlined a reinforced oversight mechanism for the new campaign.
"The bank has contracted two global audit firms to ensure neutrality and accuracy," Burhama said. "KPMG Al-Qanaei & Partners will conduct a comprehensive audit of data and terms, including a technical review of the software and algorithms to ensure randomness and integrity. Meanwhile, Grant Thornton will supervise the draw mechanism to ensure compliance with regulatory standards."
These firms work alongside Warba Bank’s Internal Audit Department to ensure all procedures align with regulatory requirements, reinforcing the system's credibility.
Burhama added that the "Al Sunbula" account is a Sharia-compliant investment vehicle based on the Wakala Bil Istithmar principle. The bank invests customer funds in managed portfolios with quarterly profit distributions.
Customers earn one draw entry for every KWD 10 based on the lowest monthly balance. A minimum balance of KWD 100 is required for monthly draws, while KWD 500 is required for grand draws. The account features more than 1,000 winners annually.
The total prize pool for the 2026 campaign reaches KWD 1,500,000, including grand prizes of up to KWD 250,000 for a single winner and 1,000 individual prizes of KWD 1,000 each. Draws will be broadcast live via the bank’s official YouTube channel to enhance transparency, with winners’ names published on the bank’s website following official approval.
Warba Bank is a leading Islamic bank in Kuwait with a strong focus on Sharia-compliant digital banking. With one of the largest shareholder bases in the country, the bank continues to deliver innovative financial products and services, reinforcing its position as a digital-focused institution.
