The Sharjah Islamic Bank (SIB) has introduced an exciting new savings campaign beginning July 1, 2025, with millions of dirhams and luxury cars up for grabs.
Aimed at both seasoned savers and new account holders, the campaign offers UAE residents a powerful incentive to build and maintain healthy financial habits—with the chance to win quarterly million-dirham rewards, BMW vehicles, and monthly payouts.
SIB Millionaire Draw Rewards Smart Saving
SIB’s newly launched program rewards individuals who maintain consistent savings balances, offering automatic entry into regular prize draws. Customers are granted one entry for every AED 10,000 kept in their account on a daily basis throughout each month.
Unlike one-time contests, this is a recurring incentive model, designed to foster long-term commitment to saving.
Highlights of the prize structure include:
- AED 1 million cash draws every quarter—one dedicated to UAE nationals, another open to all participants
- Special occasion mega draws offering AED 2 million, aligned with holidays and national events
- Eight BMW XM vehicles distributed to lucky winners across the campaign
- Monthly cash prizes ranging from AED 500 to AED 5,000, with 40 winners selected every month
Who Can Join?
Eligibility extends across all demographics, including:
- Adults with savings accounts
- Children and students, through specialized youth accounts
- New customers, who can enroll instantly through digital platforms
Opening a savings account is streamlined through:
- The SIB Digital App
- SMS: Send the word “Millionaire” to 6667
- Website: www.sib.ae/ar/millionaire
- Hotline: 065999999
This strategy reflects broader efforts within the UAE to promote financial literacy and inclusion, supported by entities like the Central Bank of the UAE and Emirates Institute of Finance.
What Makes This Campaign Stand Out?
While traditional banking rewards often center around limited-time offers, SIB’s approach adds value by:
- Integrating savings behavior into monthly rewards, keeping customers engaged
- Offering recurring prize opportunities, not just one-off jackpots
- Making participation digital-first, through mobile and web platforms
- Including younger demographics, promoting early financial education
SIB’s approach mirrors global banking trends where gamified finance and behavioral incentives are reshaping how people interact with personal banking.
