Kunooz Millionaire Account

The Emirates Islamic Kunooz Millionaire Account gives you the chance to win AED 1,000,000, along with daily, weekly, and monthly cash prizes. It is a Shariah-compliant Savings Account that also helps you grow your savings by earning profits.

A Current Account is mainly designed for everyday transactions such as deposits, withdrawals, and payments. It provides easy access to your funds and may come with features like cheque books and debit cards. A Savings Account, on the other hand, is intended to help you save and grow your money with Shariah-compliant profit-risk sharing and is ideal for saving towards goals.

The Kunooz Millionaire Account stands out because it combines attractive profit/risk-sharing benefits with exciting prize draws. Customers enjoy the opportunity to win daily, weekly, and monthly prizes, including the grand prize of AED 1,000,000, while still benefiting from competitive profit rates under a Shariah-compliant structure.

• Shariah-compliant banking with profit/risk-sharing.
• Attractive expected profit rates and opportunities to grow your savings.
• Access to daily, weekly, and monthly prize draws.
• A free internationally recognized debit card.
• Convenient account access through branches, ATMs, online banking, and the mobile app.

Unlike a regular Savings Account, the Kunooz Millionaire Account gives customers a chance to win daily cash prizes of AED 1,000, weekly prizes of AED 50,000, and a monthly AED 1,000,000 prize.

As Emirates Islamic is a Shariah-compliant bank, Kunooz Millionaire Account offers profit through Mudaraba. It offers competitive expected profit rates along with prize draw opportunities for life-changing rewards, making it a unique alternative to traditional savings accounts. You can view the latest profit rates here.

You can find all Kunooz Millionaire Account winners below, including Grand Prize Winners, Previous Grand Prize Winners, Other Winners, and Previous Other Winners for daily, weekly, and monthly prizes.

The account is available to UAE Nationals, residents, and non-residents who meet the eligibility requirements set by Emirates Islamic.

To open a Kunooz Millionaire Account, you need to maintain a minimum balance of AED 3,000 to be eligible for quarterly profit under the Mudaraba structure.

You can open a Kunooz Millionaire Account online via the Emirates Islamic website, through the EI + Mobile App, or by visiting any Emirates Islamic branch across the UAE.

Any account holder who maintains the required minimum balance of AED 3,000 and meets Emirates Islamic’s Shariah-compliant criteria.

Active Kunooz Millionaire Account holders (UAE-national, resident, or eligible non-resident) by maintaining the required savings balance.

Yes, all Customers can open a Kunooz Millionaire Account regardless of their age (whether Major or Minors represented by guardian) and in case of a minor the application, General Terms & Conditions and special terms of the product / campaign are signed and accepted by the natural/legal guardian on behalf of the minor and shall be binding upon and applicable to the minor.

By opening a Kunooz Millionaire Account, the Customer acknowledges and agrees, the Bank will notify the winning Customers at or after the end of each Draw by sending them a notice to the latest recorded address or contact details maintained with the Bank and the Bank will declare the winner of a Draw and publish his/her name (as recorded with Emirates Islamic) and picture may be released to the media, Bank website and/or the public.

Yes, the privacy disclaimers and opt-out options are provided to Customers on public website, Mobile, Internet Banking and Call center platforms. In addition, to Customer's Right to Withdraw Consent at any time. To do so, customers can use the contact details available in the “How to Contact Us” section or via contacting the Bank through various channels.

• A Conventional Bank is a financial body which receives money from the depositors against a rate of interest and offers liquidity to borrowers against interest. It operates on an interest-based system and is governed by conventional banking laws.
• An Islamic Bank is a financial body which executes Shariah-compliant commercial contracts like sale, leasing, and construction. It operates on a risk, profit-sharing and trade-based system and is governed by Islamic Banking laws under the supervision of the Internal Shariah Supervision Committee.

• In Conventional Banking, Savings Accounts and Fixed Deposits (FDs) are types of accounts that pay a predetermined interest rate over a predetermined period of time. Depositors in conventional banks receive Interest on their investments at predetermined rates, regardless of the bank’s performance.
• In Islamic Banking, depositors earn returns based on the bank’s actual performance. Unlike Conventional Banks, an Islamic Bank acts as an intermediary between the depositor and the party being financed. As such, Islamic banks declare their profits on a monthly-basis under a profit/risk-sharing scheme known as the “Mudaraba or Wakala Scheme”.

• Interest is a fixed return on a specific sum of money invested over a predetermined period of time (not permissible as per Shariah.).
• Profit is an undetermined return on a specific sum of money invested over a predetermined period of time. It may vary from month to month, directly depending on the bank’s actual performance (permissible as per Shariah.).

Yes, an Emirates Islamic account can be opened for a minor who is below 21 years of age, without a Cheque book facility. The account will be opened and operated by the Guardian on behalf of the minor.