Millionaire Destiny Savings Account (MDSA)
Now win up to AED 4 Million in a year! **
MDSA is a unique Savings Account which makes one lucky account holder Millionaire every Quarter! Gain opportunity of becoming Millionaire by opening MDSA Account today. You will automatically enter quarterly AED 1 Million grand prize draws, in addition to monthly prize draws.
MDSA is flagship Islamic Banking prize draw based product and easy to apply for. Total of AED 4 Million in Grand Prizes will be given in 2010 (AED 1 Million every quarter)! ** Plus 100 prizes of 100,000 TouchPoints each, monthly.
Features and Benefits
- AED 1 Million Quarterly Prizes: Open MDSA with AED 5000. Maintain average quarterly balance of at least AED 5,000* and you could win Grand Prizes worth AED 1 Million in Quarterly Grand Prize Draws held quarterly.
- TouchPoints Prizes: Open MDSA with AED 5000. Maintain average monthly balance of at least AED 5,000. You could win up to 100 monthly prizes of 100,000 TouchPoints each in monthly prize draws.
- Quarterly profit: Profit is calculated on account balances monthly and paid quarterly.
- TouchPoints are paid on transactions done and for maintaining account balances in MDSA.
- Debit Card, Internet Banking, Phone Banking and Mobile/SMS Banking are offered free for your convenience!**
- Free Life Takaful (Shari’ah Compliant Insurance) worth AED 50,000 for qualified MDSA account holders.**
- Both Individual residents and non-residents can open MDSA.
How the prize draws work?
- For monthly prize draws, eligibility requirement is average monthly balance of AED 5,000.
- For quarterly grand prize draws, eligibility requirement is average quarterly balance of AED 5,000.
- For every additional average balance maintained of AED 1,000 (above AED 5,000), you will receive additional entries in both monthly and quarterly AED 1 Million grand prize draws.
- For every additional month you maintain an average balance of AED 5,000, you will receive additional chances to win prizes, both for monthly and quarterly grand prizes.
Winning Tip: Maintain higher average balances for longer periods in MDSA Account to earn more chances to win!
Super 6 Special Offer
If you already have a Finance facility or Credit Card, just open an MDSA account and you shall receive the benefits of our Super 6 Special Offer, click here for more information.
For more information or to apply for your MDSA Account, please visit your nearest ADCB branch, call 800.MEETHAQ (800.6338427), SMS “MDSA” to 2626.
If you have an MDSA, click here to take a look at the names of past prize draw winners. Your name might be here!
All ADCB Meethaq products and services are approved by the Fatwa and Shari’ah Supervisory Board. To view MDSA Fatwa issued by the Shari’ah Supervisory Board authenticating compliance of product structure and documentation, please click on the following links:
* (see definition of average quarterly balance in MDSA Terms and Conditions)
** Terms and Conditions Apply
Disclaimer: ADCB Meethaq liability products will be made available at the sole discretion of ADCB - IBD; subject to ADCB -IBD’s Terms and Conditions for Shari'ah Compliant Account Operation and upon submission of documentation acceptable to ADCB-IBD.
