| 1 |
Do I need to open a new account with ADIB (Abu Dhabi Islamic Bank) to participate in the program? |
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Yes, we would open a new Ghina Savings Account for you. This will make your savings eligible for the monthly draw and to participate in the Grand AED 2 million draw at the end of the first four months. |
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| 2 |
What if I already have an account with ADIB? |
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The Ghina Savings Account is a new program, and you will need to open a new account and deposit new funds into the program in order to participate |
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| 3 |
Is the ADIB Ghina Savings account Shariah compliant? |
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Yes, the ADIB Ghina Savings Account is based on Mudaraba, and is a demand deposit account where the customer either reaps profits or bears losses. |
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| 4 |
How much do I need to save with the Ghina Savings Account? |
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You can save whatever you want, but you must start with a new deposit of AED 20,000 in order to be eligible for the Welcome Draw Entry (just for opening the account and depositing the AED 20,000). You will also be eligible for one entry each for every AED 20,000 balance that you maintain for a calendar month. |
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| 5 |
How much do I need to have in the account to participate in the big draw for AED 2 million? |
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All you need to be eligible for the Grand Draw for AED 2 million is 4 draw entries. Which means you can save AED 20,000 for 3 calendar months right from the beginning of the program (for 3 entries) plus the 1 Welcome draw entry, or you could save AED 60,000 for one calendar month (again, plus the 1 Welcome entry). Either way, you are eligible.
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| 6 |
Will I be automatically entered for the monthly draws in which 20 Ghina Savings Program participants win AED 10,000 every month? |
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Yes, you will be automatically entered into the draw, as long as you have a balance of AED 20,000 or multiples thereof in your balance. |
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| 7 |
How is the calendar month calculated? What if I deposit the money in the middle of the month? |
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The program calculates your balance from the 1st of the month, and completion of the required month is from the 1st of one month to the 1st of the next month. If you deposit into the Ghina Account at any time during the month, you will be issued a draw entry at the beginning of the month after the next calendar month. |
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| 8 |
What if I withdraw the money and my balance falls below AED 20,000? |
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If your ADIB Ghina Savings Account balance falls below AED 20,000 at any time during the calendar month, you will sadly lose all the collected entries, and also the Welcome entry, and would have to start again. The whole idea is to benefit from the good idea of saving, and staying in the program to reap the full benefits of it. |
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| 9 |
How often are the draws? And the dates? |
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The Big Raffle Draw for AED 2 million will take place after the completion of the first four months of the promotion (August 13th), and after every four months thereafter.
2 monthly draws for the 10 AED 10,000 prizes will be held on the 2nd and 4th Thursday of every month. Results will be published on this site. |
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| 10 |
What are the Profits on ADIB Savings Accounts? |
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Customer Profit Rate For June 09
| Saving (SAV ) Rates For Each Deposit Tier |
| Deposit Tier |
3 K -10 K |
10 K - 25 K |
>25 K |
AED & USD |
0.700% |
0.800% |
0.900% |
EUR |
0.960% |
1.100% |
1.230% |
GBP |
1.100% |
1.250% |
1.410% |
CHF |
0.000% |
0.000% |
0.000% |
CAD |
0.870% |
0.990% |
1.110% |
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| 11 |
What are my chances of winning? |
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It really depends on how many ADIB customers participate in the program. But the more you save, and the longer you maintain your balance above AED 20,000 or multiples thereof, the more chances you have to win. |
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| 12 |
What currency can I save in for the Ghina Savings account? |
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You can save in any currency of your choice which are already approved for ADIB Savings accounts, but your eligibility calculations are based on AED currency and AED currency conversion rates. |
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| 13 |
Can my children open a new Ghina Savings account? |
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Since minors can't open savings accounts, we encourage you to plan for their future by saving for them |
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| 14 |
How, where, and when do I need to enter the draw entries? |
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Draw entries are entered automatically by the closing of business on every Tuesday that comes before the second Thursday of the month (for the monthly draw eligibility).
All the entries collected during the period before the final draw will be entered into the Raffle.
After the final draw is conducted, all the collected draw entries that entered the final draw will drop except for the welcome entry.
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| 15 |
If I couldn't collect 4 entries to enter the final draw, will I loose all my draw entries? |
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You will still have a chance to enter the second round big draw and the entries that have been collected will remain with you. |
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| 16 |
How can I check how many draw entries I have collected till now? |
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ADIB will be taking care of all your draw entries for however the below are several ways through which you can know how many entries you have
SMS : When you open a Ghina account, you will receive an SMS informing you of how many entries you received. From there on, SMS updates will follow every beginning of the month.
ADIB Call Center : Please free to call us for enquiries (800 22 88) |
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