Noor Islamic Bank announces bigger prize for its 'Win and Win' deposit campaign

Launched in March, the campaign targets existing as well as new customers, and has been very well received so far.

The first phase of the campaign, which ran from March to May, included weekly draws that offered Toyota vehicles as prizes and a BMW vehicle as the monthly grand prize. The second phase of the campaign features weekly vehicle prize draws and the new apartment in Dubai as the grand prize.

Galal Kulaib, CEO, Noor Islamic Bank, said:

"The Win and Win deposit promotion has received widespread acceptance and truly proved to be a win-win proposition. This campaign brings two-layered benefits to our clients: not only do their deposits earn competitive profit rates, but also a chance to win a brand new car every week. and a brand new apartment in October."

In order to be eligible to participate in the Win-and-Win draw, customers need to either make a minimum deposit of Dhs5,000 in a savings, dual savings or savings plus account, or a deposit of Dhs25,000 into a term deposit account, or a deposit of Dhs250,000 into an investment account.

Each deposit will earn separate entries into the weekly draw, and is also eligible for the final grand draw in October. The number of entries will depend on the value of the deposit, giving customers the opportunity to have multiply entries in each week's draw.

Existing term deposit holders with a minimum monthly balance of Dhs25,000 or an existing investment deposit account of minimum Dhs250,000 balance are also eligible for the promotion.

The promotion is available through Noor Islamic Bank's retail distribution network in Abu Dhabi, Dubai, and Sharjah.

Launched in January 2008, Noor Islamic Bank has earned a solid reputation for performance, premium service and customer care. As one of its core priorities, it has augmented its electronic banking network to cover more than 84 ATMs and 16 locations across the UAE.

In addition, the bank also provides round-the-clock accessibility and convenience to its clients through a 24-7 branch, self service facilities of Internet banking, phone banking, SMS, as well as electronic cash and cheque deposit services.