Saving22 Campaign

The “Saving22” Campaign from Palestine Islamic Bank allows you to enter a draw on cash prizes worth more than 1.4 million Shekel throughout 2022. The campaign features monthly draws for 9 grand prizes in addition to 3 special draws during the year. You may take part in this campaign by opening a savings account in the form of a call deposit account for individuals allowing you to deposit and withdraw cash and to obtain an ATM card upon request while making returns calculated on the basis of your average daily balance. Funds in such accounts are invested based on unrestricted Mudaraba in line with Islamic Sharia principles.   

 

Benefits

  • Approved by the bank’s Shari’a Supervisory Board.
  • The chance to win more than 100,000 shekels in one of the 6 major cash prizes drawn every two months in variables values over 100,000 shekels.
  • Profit Return based on the average daily balance.
  • Benefiting from all banking services provided by the bank, pursuant to the special conditions for each service.
  • Obtaining an ATM card upon request
  • No account management fees are charged

Campaign prizes

9 cash prizes that are drawn monthly, and the winner will be announced through the bank's official website and social media platforms.

The prize of each draw will be one of the values below that will be announced prior to the Draw.

182,000 NIS 152,000 NIS 102,000 NIS 122,000 NIS 142,000 NIS 162,000 NIS 132,000 NIS 112,000 NIS  222,000 NIS

 

draws on the cash prizes will be at the end of these months:

  • January 
  • February
  • April
  • May
  • July
  • August
  • October
  • November 
  • December

The three special draws during the year will take place as follows:

  • 22 prizes in the month of March for 500 USD each
  • 22 prizes in the month of June for 500 USD each
  • 22 prizes in the month of September for 500 USD each

Terms

  • Opening a savings account of $ 100 or more or its equivalent in other currencies
  • Each additional deposit of (US $200) or its equivalent in other currencies shall give the customer an additional chance for winning the campaign’s jackpots.
  • Each customer shall be entitled to enter into the campaign through one savings account only.
  • The prize giving will be held in the place determined by the bank, and the bank shall be entitled to publish the winner’s name, take pictures of the winner and to post them on the means of publication adopted by the bank.
  • A list of the accounts eligible for draws as per the campaign’s conditions shall be prepared one working day prior to the date of drawing.
  • Existing customers with savings accounts that comply with campaign terms have the chance to win the draw
  • The account holder shall be 18 years old or above.
  • Minor accounts shall be opened via their legal representative until they reach legal age.
  • Palestine Islamic Bank’s staff, members of Board of Directors, members of Shari’a Supervisory Board and their first-degree relatives shall not be entitled to participate in the campaign’s draws.
  • Cash prizes are subjected to income tax.
  • Subject to the requirements and provisions of the bank and campaign.
  • Campaign is valid until 31/12/2022.

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