Company announcementRecord
DIB launches Millionaire Account with monthly Dh1m prize draw
The Shariah-compliant savings product offers entries into monthly draws starting December 2026, with one entry per Dh15,000 average balance.
Dubai Islamic Bank has launched the DIB Millionaire Account, a Wakala-based savings product offering customers monthly entries into prize draws. The account gives savers the chance to win a grand prize of Dh1 million and a Tesla Model Y each month, with the first draw scheduled for December 2026.
Customers earn one entry for every Dh15,000 maintained in their eligible monthly average balance. Bonus entries are awarded for every Dh45,000 average monthly balance or a minimum salary transfer of Dh10,000, subject to terms and conditions. The account is open to both existing DIB customers and new-to-bank customers.
Draw structure and profit distribution#
Monthly draws will commence in December 2026 and continue on a monthly basis thereafter. The account is structured as a Wakala-based savings product, with an expected profit amount credited to customers' accounts every month alongside their eligibility for prize draws.
The minimum requirement to qualify for draw entries is maintaining the specified average balance thresholds during the relevant monthly period. Higher balances increase the number of entries a customer receives into each draw.
Green and social financing allocation#
Funds deposited through the DIB Millionaire Account will be allocated towards green and social financing initiatives. This allocation forms part of the bank's sustainable finance commitments, directing customer savings towards projects with environmental and social objectives.
Sanjay Malhotra, chief consumer banking officer at DIB, announced the launch and stated that the account connects saving with rewards and responsible finance. Further information on eligibility and terms is available at dib.ae.
Account eligibility and terms#
The product is available to UAE residents holding accounts with DIB. Entry into draws requires maintaining minimum average balance thresholds as specified in the account terms. Customers can increase their chances of winning by growing their savings balances over time, with the entry calculation based on monthly average balances maintained during each qualifying period.
Sources1 source across 1 domain
- khaleejtimes.comKhaleej TimesDIB launched the Millionaire Account with Dh1 million monthly prize, Tesla Model Y monthly prize, December 2026 first draw date, Dh15,000 per entry threshold, Dh45,000 bonus entry threshold, Dh10,000 salary transfer bonus entry, Wakala structure, green and social financing allocation, and Sanjay Mal
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