48 SMART: Save Money & Get Chance to Win Prizes Part II
+Smartan Dad

Wednesday, 20 February 2013

Save Money & Get Chance to Win Prizes Part II

Other than SSP from BSN, Bank Islam Malaysia Berhad (BIMB) is another bank that offers lucky draw through its deposit products called Al-Awfar and Al-Awfar Junior.










Al-Awfar is an innovative Mudharabah-based account that gives you the opportunity to win cash prizes worth of RM 2.32 million a year. Al-Awfar Junior is the similar account for children and teenagers. The account types are shown in below table:

Type
Al-Awfar
Al-Awfar Junior
Features
Saving Account-i
Investment Account-i
Saving Account-i Junior
Minimum Initial Deposit
RM100
RM1,000 (1 month tenure)
RM500 (3 to 60 months tenure)
RM10
Minimum Balance
RM100
-
RM10
Profit-Sharing Ratio
98 : 2 (Bank : Customer)
70 : 30 (Bank : Customer)
98 : 2 (Bank : Customer)
(Subject to change from time to time)
Indicative Rate
0.05% p.a.
From 0.68% p.a.
0.05% p.a.
Who can open an account
Individuals
Associations
Schools/Universities
Clubs/Societies
Religious Groups
Individuals
Entrust
Eligibility to Enter Prize Draw
Every RM100 = 1 unit of entry
Every RM10 = 1 unit of entry
Frequency of Prize Draw
Monthly & Quarterly
Frequency of the prize draw and the date of the prize-giving ceremony are subject to change at the Bank’s discretion


Customers will be entitled to participate in the monthly and quarterly prize draws and be able to enjoy the probability of receiving valuable cash prizes.

Monthly Draws:


  Type
 Al-Awfar (Monthly Draw)
 Al-Awfar Junior (Monthly Draw)
  Prize
 Cash Prizes
 No. of Winners
 Cash Prizes
 No. of Winners
 1
 RM100,000
 1
RM5,000
1
 2
 RM10,000
 1
RM3,000
1
 3
 RM1,000
 20
RM1,000
5

Quarterly Draws:

  Prize
 Cash Prizes
 No. of Monthy Prizes
 1
 RM200,000
 1
 2
 RM20,000
 1
 3
 RM1,000
50





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