Misk Account
Open a Misk Account in minutes through the QIB Mobile App. Earn profits on your balance and enter weekly and monthly draws worth QAR 26 million.
Misk Accounts
12 grand prizes
QAR 1,000,000 each
6 monthly prizes
QAR 50,000 each
20 Weekly prizes
QAR 10,000 each
Account details
- Qatar’s largest prize pool: QAR 26 million in cash prizes, with 1,124 lucky winners.
- Twelve millionaires: 2 lucky QIB account holders will receive QAR 1,000,000 every two months (12 winners annually with total prizes worth Twelve million).
- Monthly prize draw: Six winners every month, each receiving QAR 50,000 (72 winners per year, worth 3.6 million QAR).
- Weekly winners: 20 winners every week, each receiving QAR 10,000 (1,040 winners annually, with total prizes of QAR 10.4 million).
- Digital first: Open and manage your account through the QIB Mobile App or internet banking.
- Ethical savings: Shari’a-compliant savings with profits on your average balance.
- Free Debit Card: Get a complimentary Debit Card when you open your Misk Account.
- No monthly fees: Maintain your account with zero monthly charges.
- Transactions with zero restrictions: You can withdraw or deposit funds whenever you want without restrictions.
- Credit option: Request a Credit Card by freezing a part of your savings.
- Profit options: Get your profits credited to your account once every quarter.
For Weekly/Monthly draws:
- Maintain a monthly minimum balance of QAR 10,000.
- For each QAR 10,000 you will have one chance in the draw.
- You have to open / maintain a Misk Savings Account for at least 1 calendar month.
For Millionaires draws:
- To qualify for the Grand Prize draws, you must open the account three months prior to the draws and maintain a minimum of QAR 10,000 for each month of those months.
General Misk Account information:
- Misk Account is available in Qatari Riyals only.
- To be eligible for the Weekly, Monthly and every 2 months draws, QAR 10,000 should be maintained as a minimum monthly balance in your Misk Account.
- Misk Account is available for Individuals (Qataris & Residents), Minors and Joint account customers.
Required documents to open an account include:
- A Copy of your QID (for Locals & Expats).
- A Copy of Passport (for Expats).
- Download and login to the QIB Mobile App.
- Select Open Misk Account.
- Complete digital application.
Or,
- You can also apply for a Misk Account at your nearest branch. Simply provide the required documents and complete the application form.
Open a Misk account in 4 simple steps
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Step 1
Login to QIB Mobile App
Step 1
Log in to the QIB Mobile App, tap "More" on the footer menu, and select "Apply for Products."
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Step 2
Select the Deposit
Step 2
Click “New Deposit" under "Account Products" and choose Growing Deposit.
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Step 3
Set and save
Step 3
Select deposit term, currency, Debit Account, and set the monthly amount you would like to save.
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Step 4
Confirm & activate
Step 4
Review all details carefully. Accept the Terms & Conditions. Confirm details to open a Growing Deposit account.
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Step 1
Open an Account
Step 1
Download the QIB Mobile App to open Current, Savings or Misk Account. Follow the guided steps to complete your account setup.
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Step 2
Open a new Growing Deposit
Step 2
Tap 'More' on the footer menu. Select 'Apply for Products.' Choose 'New Deposit' under 'Account Products.'
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Step 3
Set the deposit amount
Step 3
Choose 'Growing Deposit'. Select deposit term, currency, Debit Account, and set the monthly amount you would like to save.
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Step 4
Confirm & activate
Step 4
Review all details carefully. Accept the terms and conditions. Confirm details to open a Growing Deposit account.
Discover Misk winners
Discover Misk winners
Explore the full list of Misk Account winners and join the celebration of financial success. Your name could be next!
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Frequently asked questions
If you keep a minimum balance of QAR 10,000 in your Misk Account each month, you will automatically enter the draw.
You can open your Misk Account by using the QIB Mobile App or visiting any QIB branch. The process is pretty simple and quick.
By opening a Misk Account with QIB, you will be eligible for three types of prizes -
- Weekly: 15 winners get QAR 10,000 each
- Monthly: Six winners get QAR 50,000 each
- Every two months: One winner gets QAR 1,000,000
Yes. Every QAR 10,000 in your account gives you one chance to win. For example, if you keep QAR 40,000, you will get four chances. If you increase the amount to QAR 50,000, you will get five chances.
QIB uses an electronic system to select winners based on the minimum monthly balance. The draw is supervised by a representative from the Ministry of Commerce and Industry.
- Weekly: Winners are announced every Thursday
- Monthly: Winners are announced on the first day of each month or the next working day
- Grand Prize: One winner is announced every two months
You can earn both. Your profits will be based on the average balance you have in your account. And you will be automatically included in the prize entries as long as you have QAR 10,000 in your account.
Yes. Minor Misk can be opened by a guardian.
Open your account at least three months before the draw and maintain QAR 10,000 each month.
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