WarbaBank

Warba Bank’s "Al Sunbulla" account draws have resumed under a robust regulatory framework, following a hiatus since February 2025. The resumption follows a series of enhancements to the bank’s draw systems to align with regulatory directives, ensuring high levels of integrity and transparency.

To reinforce customer trust, the bank implemented a rigorous dual-audit oversight system, described as one of the first of its kind in the region. Warba Bank engaged two global auditing firms: KPMG Al-Qanaei & Partners, which conducted a comprehensive review of software systems and algorithms to ensure the integrity and randomness of results, and Grant Thornton, which oversees the draw mechanisms to ensure compliance with established standards.

Commitment to Transparency:

Muhannad Issa Burhama, Head of Product Development and Customer Segments at Warba Bank, said the bank’s responsibility toward its customers is the primary driver behind its decisions: "During the hiatus, we conducted a meticulous review of all data and technical infrastructures. We believe that customer trust is our most valuable asset, and we adopted international best practices to ensure a verified and accurate draw process."

To clear the 2025 draw backlog, the bank held a special draw period from April 1 to April 7, 2026, announcing over 800 winners. Prizes included "Mega Draws" of up to KD 250,000, monthly rewards, and "Al Sunbulla Kids" prizes featuring educational and entertainment trips to Dubai Parks and Yas Island.

Al Sunbulla Account:

The Al Sunbulla account, utilizing a Sharia-compliant Wakala investment model, offers customers quarterly investment returns alongside continuous winning opportunities:

• Entry: Every KD 10 in balance qualifies as one entry into the draw (calculated based on the minimum monthly balance).
• Minimum Balance: A minimum of KD 100 is required for the Al Sunbulla Investment account, and KD 500 for the Mega Draws.
• Winning Opportunities: The account features over 1,000 winners annually, with 20 weekly winners of KD 1,000 each

Enhancing Transparency Through Digital Channels:

The bank also broadcast the draws live on its official YouTube channel as part of its efforts to enhance transparency. This initiative aligns with the bank’s identity, "Own the Future," and its focus on providing a secure and modern banking experience. Through its mobile application, the bank continues to provide a digital experience that allows customers to open and manage accounts, track draw entries, and manage investments, reinforcing its position as a digital-focused Islamic bank.