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ila Updates
Feb 26, 2024
ila Bank honors the Al Kanz 2023 million-dollar grand prize winner at a prestigious ceremony

Manama, Bahrain:ila Bank, Bahrain’s leading digital, mobile-only bank, announced the lucky winner of the US$ One Million Mega Prize of the 2023 Al Kanz Saving Account raffle draw - Mubarak Ahmed Buanq. Marking this momentous occasion, Mubarak was treated to a spectacular prize handover ceremony held at Bank ABC’s Head Office, which was attended by ila Bank’s management and wider team. The raffle draw to determine the Al Kanz December 2023 million dollar prize winner was conducted on 7 February 2024, in the presence of ila Bank officials, representatives of the Ministry of Industry & Commerce and the Bank's auditors, Ernst &Young. The esteemed gathering further underscored the transparency and integrity of the Al Kanz offering. Mubarak Ahmed Buanq opened his Al Kanz account in 2020 with the primary objective to save through regular deposits into this account and to hopefully win one of the program’s prizes one day. He was overwhelmed with joy upon being notified he had won the Al Kanz 2023 million dollar grand prize. “I was completely astonished as I never thought I could be a winner of such an enormous cash prize. My family couldn't believe it in the beginning either, until the Bank announced my name as the winner through an Instagram post, creating an unforgettable moment of sheer joy,” he said.

The 30-year-old winner shared his plans to invest the prize value for the future and encouraged all his family and friends to try their luck by saving in the Al Kanz account. He emphasized, "Even if I hadn't won, I would still recommend banking with ila Bank as it offers a truly exceptional banking experience. It enables you to carry out all your transactions effortlessly from the app, without the need to ever visit a branch.” Commenting on Mubarak’s potentially life-changing win, Nada Tarada, Head of Business & Customer at ila Bank, said, "We are honored to have Mubarak Ahmed Buanq, our valued ila customer and Al Kanz account holder, as the winner of the million-dollar mega prize. Al Kanz is one of our many innovative banking products that is convenient and easy to use for all customers.”

“We’re thrilled to share that the 2024 Al Kanz prizes are even bigger and more exciting as we are offering more opportunities to win big throughout the year. We encourage everyone to open account and deposit their savings in Al Kanz to stand a chance of winning remarkable prizes throughout the year.”

Nada added, “At ila Bank, we pride ourselves on offering truly innovative digital banking solutions and our customer-centric approach continues to redefine the banking landscape, setting new standards in personalized service and customer appreciation. The Bank's unwavering commitment to excellence ensures that customers like Mr. Buanq feel valued and appreciated every step of the way.”

True to its name, Al Kanz will continue to be a treasure trove of cash prizes in the course of the year, giving away a total value of US$2.67 million in prizes during 2024 - a chance for your dream car, home, luxury holiday or a life goal to become a reality. Be sure to check out the prize schedule and cut-off dates for deposits into your Al Kanz account on the ila Bank website,