Emirates Islamic Bank Kunooz Millionaire Account

Emirates Islamic's prize-linked savings account. Draw program: a monthly AED 1,000,000 draw (one entry per AED 5,000 average monthly balance), weekly AED 50,000 draws (one entry per AED 1,000 held for a day), daily prizes of AED 1,000 for 30 winners, plus an additional monthly AED 50,000 winner and a quarterly Kunooz+ AED 1,000,000 draw reserved for Priority and Private Banking customers growing quarterly average balances by AED 100,000. Draws are held under Department of Economic Development supervision, with dates and winners published. A minimum AED 3,000 balance by end of draw month qualifies for draws; the same AED 3,000 minimum earns Mudaraba-based quarterly profit at a published expected rate of 0.10% p.a. (unchanged from Q2 2024 through Q1 2026 per EI's declared rates table).

Kunooz is the purest lottery-savings play of the three banks, and the most honestly documented: DED-supervised draws, published winners, and a declared 0.10% rate printed for eight straight quarters rather than hidden. But the comparison shopping is brutal - ADIB's Ghina currently pairs its draws with a published 5.25% expected rate, meaning a Kunooz saver sacrifices roughly the entire yield curve for marginally different prize mechanics. Choose Kunooz for the daily-draw cadence and EI's app; choose Ghina for actual returns. Either way, EI's transparency here deserves the market's respect.