DIB Introduces Millionaire Account with Monthly Prizes

Sep 15, 2026

61 min

Sep 15, 2026 03:31

DIB launches Millionaire Account; savers stand a chance to win Dh1m and a Tesla Car every month

## New Savings Initiative Dubai Islamic Bank (DIB), the UAE's largest Islamic bank, has unveiled the DIB Millionaire Account. This new savings account offers customers the chance to win significant prizes, including a monthly grand prize of Dh1 million and a Tesla Model Y.

## Monthly Draws Begin in December The first draw for the Millionaire Account will occur in December 2026, with subsequent draws taking place each month. Both existing and new customers can participate by maintaining a minimum average balance in their accounts.

## Eligibility and Rewards To qualify for the draws, customers need to maintain an average monthly balance of Dh15,000, earning one entry per Dh15,000. Additional entries are available for higher balances or salary transfers. The account operates on a Wakala-based savings model, providing expected monthly profits.

## Supporting Sustainable Finance Funds from the Millionaire Account will support green and social financing initiatives, aligning with DIB's commitment to sustainable growth. This initiative aims to encourage responsible saving while offering life-changing rewards.

## DIB's Commitment to Financial Empowerment Sanjay Malhotra, DIB's Chief Consumer Banking Officer, emphasized the account's role in transforming saving into a rewarding experience. The initiative reflects DIB's focus on Sharia-compliant solutions that contribute to a sustainable future.

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