ila Bank introduces Al Kanz Account with prizes over US$ 1.5 million

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

ila Bank, the fast-growing digital mobile-only bank in Bahrain, powered by Bank ABC, reimagines saving with the launch of “Al Kanz”, a fully digital prize account. Offering customers the opportunity to win huge cash prizes, Al Kanz is the only such account that can be set in minutes on your phone through the ila banking app.

Commenting on the launch of ila’s Al Kanz, Mohamed Al Maraj, CEO ila Bank Bahrain said: “We had been working to deliver a prize account aimed at transforming our customers’ lives and are proud to announce that the prizes we are offering are bigger than ever before, totaling over US$1.5 million.”

The prizes range from individual monthly prizes of US$50,000 to a mid-year prize of US$120,000, paid as a US$10,000 salary for one year, and a grand prize for the first ila millionaire of US$1 million dollars at year end. Al Kanz account will be open by default for all ila customers, in which every BHD 50 deposited is a ticket towards the opportunity to win huge financial rewards.

ila customers will be able to gift an amount to friends and families via Al Kanz, with the simple pre-requisite for nonila customers to complete the digital account opening process, requiring several minutes using one ID and a selfie. “I encourage everyone to enter our first draw, for which the last deposit date is March 31, 2022 for a chance to qualify for our first prize of USD 50,000,” added Al Maraj.

To enter a draw, customers are required to deposit a minimum of BHD 50 in their Al Kanz account through the ila banking app. Deposits must be made prior to the last-dateto-deposit for each draw and retained in the same account during the specified retention period.

The 2022 Al Kanz Prize Schedule, cut-off dates and draw dates are published on the Bank’s website: Al Kanz | ila Digital Bank - Bahrain (ilabank.com). Nada Tarada, Head of Business & Customer, ila Bank said: “We are thrilled with the market’s response to Al Kanz so far and are excited to let you know that the ila team is working tirelessly to release many more tailored products this year.”