Consolidating personal cash flows amidst persisting global economic challenges was the immediate goal for Ajman-based Ali Salem Al Nuaimi, when he opened a Kunooz account earlier this year. Last week, the Emirati real estate entrepreneur’s goal was realised when he became the proud winner of AED 1 million for the month of August in Dubai Bank’s monthly millionaire cash prize draw.

 

In April 2009, Al Nuaimi invested AED 100,000 in the Kunooz savings scheme; four months later, he is reaping the rewards offered by the Bank’s unique personal savings scheme. He intends to use his prize money to stabilise his cash flow and secure his personal finance amidst continuing strains in the global economy.

 

"I came to know about Dubai Bank’s Kunooz scheme through a friend and was very impressed by the Bank’s professional service and unique customer reward programmes. My initial thoughts of opting for the Kunooz scheme was just to consolidate my personal earnings through a reliable and flexible savings programme, but I never expected to be rewarded so soon. This winning comes as a blessing in these uncertain times, but more importantly it validates the trust and confidence I had in Dubai Bank as a safe, honest and reliable banking institution with genuine interest in the wellbeing of its customers. Owing to this win, I now have much more freedom and security to pursue more innovative ideas for growing my business, since I know my family’s needs are well covered.

 

“Such promotions and schemes also represent the vibrancy and continuing attraction of Dubai as an investment hub and a place of residence,” added Al Nuaimi, who intends to retain his prize money in his Dubai Bank savings.

 

The 50-year-old runs a real estate and transportation business in Dubai, and is married with two kids. He was referred by a friend to the Kunooz account while he was looking for a savings programme that offered flexibility and compliance with Sharia.

 

“We are delighted that Kunooz Value Plus account continues to enable our customers to achieve their personal financial goals in unique ways,” said Tariq Al Farsi, Head of Branches, at Dubai Bank. “We have seen triple digit growth in investment deposits at the Bank since the launch of the Kunooz scheme. The continuing attraction of Kunooz is testament to the flexible and innovative nature of the programme and the potential it holds for big winnings. Saving is an important personal goal for residents and national alike and at Dubai Bank, we realise the value of such cash prize promotions in encouraging customers to plan their savings.”

 

While the Kunooz monthly cash prize draw was envisaged as a short-term campaign at the time of launch in March this year, Dubai Bank extended the duration of the promotion until September 2009, due to its overwhelming success and growing demand. Plans are currently being drawn up to continue the campaign for a longer period.