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Kunooz Savings Account is a flagship account from Emirates Islamic Bank that offers rewards and prizes to existing and new customers. The account holders get an opportunity to win a grand reward of 1 million Dirhams every three months or a premium Tesla car each month for maintaining a minimum monthly balance of AED 5,000 in their bank account. Additionally, they also stand a chance to win AED 50,000 every two weeks for maintaining a minimum daily balance of AED 1,000.
Emirates Islamic Kunooz Savings account is a perfect blend of banking and rewards that provides easy and convenient banking, including attractive prizes and offers for its customers. The bank also provides internationally recognised debit cards to access the funds. However, the customers need to fulfil some criteria to be eligible for the rewarding system. Let’s dive into the details to know more about the Emirates Islamic Kunooz Savings Account.
Emirates Islamic Bank offers plenty of rewards and benefits to its existing and new customers through its Kunooz savings account. The awards are given on a biweekly, monthly and quarterly basis on fulfilling the minimum balance requirement and other criteria. Below are some key features and benefits of the Emirates Islamic Kunooz savings account.
Note - The biweekly lucky draw and the monthly draw will be conducted in the 1st week of the coming month, while the grand prize lucky draw will be conducted in the 1st week of the following quarter. The winners’ names will be announced on the Emirates Islamic Bank’s online portal, and they will be contacted by the bank to claim their rewards. The prize money will be credited into their Kunooz savings account within two months of draw announcement dates.
The individuals wishing to apply for the Kunooz savings account will be required to fulfil the criteria as laid down by the Emirates Islamic Bank. Given below are some basic eligibility criteria required to open an Emirates Islamic Kunooz Savings Account.
The existing customers can directly log in to the official portal of Emirates Islamic Bank, enter their online banking credentials and apply for Emirates Islamic Kunooz savings account. New customers will have to first open an account in Emirates Islamic Bank and then apply for the Kunooz Savings Account. Following are the documents required to open a bank account in Emirates Islamic Bank.
|Individual Type||Documents Required|
|Non-Resident of UAE||
Note: Additional documents may be required for verification and maintaining records as per the bank’s discretion.
Emirates Islamic Kunooz Savings Account can be opened easily by using the online banking facility for its existing users. However, new customers will have to first open an account in Emirates Islamic Bank and then use the online facility to apply for the Kunooz savings account. Following are the ways to apply for Emirates Islamic Bank Kunooz Savings Account.
Following are some of the important terms and conditions related to the Emirates Islamic Kunooz Savings Account and its reward process.
Q1: Do I need to maintain a minimum monthly balance in the Emirates Islamic Kunooz Savings Account?
Ans: Yes, a minimum monthly balance of AED 3,000 needs to be maintained in the Kunooz Savings Account.
Q2: Can Kunooz Savings Account be opened for a minor in Emirates Islamic Bank?
Ans: Yes, Kunooz Savings Account is available for minors as well.
Q3: How can I participate in the periodic raffle draws organised by Emirates Islamic Bank for Kunooz savings account holders?
Ans: The Kunooz savings account holders are required to maintain a minimum daily and monthly balance as set by the Emirates Islamic Bank. This will provide them entry into various lucky draws based on the maintenance of minimum balance.
Q4: What is the minimum balance required to maintain in Kunooz savings account for participating in the grand prize draw?
Ans: Emirates Islamic Bank offers an entry into the grand prize draw to customers who maintain an average minimum balance of AED 5,000 every month.
Q5: How will be the winning prize distributed by Emirates Islamic Bank?
Ans: The Emirates Islamic Bank will announce the lucky draw results by publishing them on their portal and in the media. The bank will also contact the winning customers to claim their prize as per their recorded address and contact details. In the case of cash prizes, the amount will be credited to the customer’s Kunooz savings account.