WarbaBank

Why the Sunbula Kids Account?

• Save and win with every KD 10 saved for a chance to participate in Monthly Draws.
• Monthly draws are held throughout the year with continuous opportunities to win.
• Exclusive Family Travel Packages to Dubai Parks or YAS Island.
• Quarterly profit earnings of 0.5% deposited directly into the account.
• Instant debit card issuance upon account opening.
• Family Account Service enables parents to manage the account, including viewing balances, statements, deposits, and withdrawals.
• Shariah-compliant structure with prizes not deducted from the customer’s account.

Eligibility:

• Available for children from birth up to 14 years old.
• Minimum account opening balance: KD 10.

Family Travel Package Details:

Destination: Dubai Parks or YAS Island.

Includes:

• 2 adult and 2 children's tickets
• 2-night stay at a luxury hotel
• Park tickets for 2 adults and 2 children
• Round-trip airport transfers

Key Terms & Conditions:

• The account is available for children in Kuwaiti Dinars only.
• A minimum balance of KD 10 must be maintained for one full calendar month to qualify for draws.
• Every KD 10 in the account is considered one chance after completing a full calendar month.
• To be eligible for the draws, funds must be available in an existing Sunbula Kids account by no later than 6:00 pm on the first day of the month.
• Accounts opened on or after the first day of the month will not be eligible for draws held in the following month.
• There is no upper limit to the chances of winning.

Rules for the Exclusion of Winners:

 

• In case the customer wins the monthly Sunbula Kids draw, he/she will be excluded from participating in any subsequent draws for a period of 90 days from the date of winning.
• In case the value of one prize or the total prizes won by the customer equals or exceeds KD 50,000, the customer will be disqualified for one year from the date of the last win, without being linked to a specific time period to calculate the total prizes.
• Employees, their spouses, and their relatives up to the second degree are excluded from all Warba Bank draws.
• Accounts are ineligible for the draw if the balance falls below the required minimum due to the mandatory settlement of outstanding debts, finance instalments, or the liquidation of linked collateral.
• Family Travel Package draw winners are excluded from future travel draws within the same campaign.

Other Controls:

 

• In the event that a previous customer wins a cash prize and his account with the bank is closed for any reason, whether by the customer's will or as a result of the lack of an existing banking relationship with the bank, the following procedures will be followed: The bank will contact the guardian using the contact details provided by the bank, and give a period of 7 days from the date of communication to reopen the account (in the same name) with the bank to disburse the cash prize.
• The bank confirms that it will not issue any cheques in favour of customers, and the prize money will not be transferred to any account with other banks under any circumstances.
• In the event that the customer does not respond within the specified time limit or cannot be contacted through the contact details registered with the bank, the process will be documented, and the customer will be disqualified. The substitute winner will be selected according to the approved mechanism.
• In the event of the customer's death after winning the prize, or in the event of legal proceedings related to the transfer of funds, the case will be dealt with in accordance with the legal procedures approved by the bank.
• Accounts are ineligible for the draw if the balance falls below the required minimum due to the mandatory settlement of outstanding debts, finance instalments, or the liquidation of linked collateral.

Transparency and Oversight:

• All bank draws are audited and verified by two approved companies.
• The external audit firm KPMG Al-Qenae & Partners will be conducting the audit of the draws regardless of the prize value.
• The supervisor Grant Tronton's office would be tasked with overseeing the withdrawals and with all the necessary authority to ensure the integrity of the system.
• The draw will be live-streamed on the Warba Bank YouTube channel, and the winners' names will be published on the website and various media.
• The prize amount will be credited to the winner's account within 2 working days after the announcement.
• Customers whose nationality has been revoked (and a decision has been issued against them) will continue to participate in the bank's draws, and if they win, the prize will be deposited in their account (e.g. Article Eight/ Honourable Works).
• Customers who have falsified their nationality or those subject to directives from security or regulatory authorities (prohibition) will be excluded from the draws.