Sharjah Islamic Bank (SIB) has announced the launch of its latest savings campaign — the Millionaire Draw — beginning 1 July 2025. The initiative is part of the bank’s strategy to promote a culture of saving while rewarding customers with major cash and luxury prizes worth up to AED 20 million.
Aimed at encouraging sustainable financial habits, the campaign will be open to all savings account holders, including children and students. Customers will automatically enter the draw for every AED 10,000 maintained daily in their savings accounts throughout the month.
The campaign includes a series of monthly and seasonal prize draws, highlighted by two AED 1 million quarterly cash prizes — one exclusively for UAE nationals and one open to all participants — as well as four seasonal draws of AED 2 million, to coincide with national holidays and Eid celebrations.
Luxury prizes also form a core part of the campaign. SIB will award eight BMW XM vehicles over the course of the campaign, in addition to 40 monthly cash prizes ranging between AED 500 and AED 5,000.
Nabil Abou Alwan, Head of Retail Banking at SIB, emphasised the campaign’s long-term vision. “Through the launch of the ‘Millionaire Draw’ campaign, we aim to inspire our customers to think ahead financially and take advantage of banking products that align with their long-term goals,” he said.
He added: “This initiative reflects our ongoing commitment to delivering meaningful and lasting value to our customers, positioning them as active partners in Sharjah Islamic Bank’s vision for a more stable and prosperous financial future.”
SIB says the draw is designed not only to increase customer engagement but also to promote healthy savings habits across all age groups. Dedicated accounts for children and students will provide young savers a tailored entry point into responsible financial planning.
The bank has made participation accessible through multiple channels. New customers can open savings accounts through the SIB Digital App, by texting “Millionaire” to 6667, visiting www.sib.ae/ar/millionaire, or by calling 065999999.
The Millionaire Draw marks one of the largest savings incentive programs in the UAE banking sector this year, with SIB positioning it as a cornerstone of its customer-centric retail strategy.
By combining modern digital banking access with significant financial rewards, SIB aims to foster a new generation of savers across the Emirates, while reinforcing its status as a leader in Shariah-compliant financial innovation.
