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ila Updates
Jan 23, 2024
ila Bank raises the bar with bigger and more Al Kanz cash prizes totaling US$2,670,000 in 2024

Manama, Bahrain: ila Bank, Bahrain’s leading digital, mobile only bank, has announced a new and exciting schedule of cash prizes to be won through its prize account, Al Kanz, in 2024. This year, Al Kanz will give away a total value of US$2.67 million as cash prizes.

Last year, ila customers won a total of US$2.25 million as monthly and bumper bi-annual cash rewards.

In an interesting twist, ila Bank will reward not one, but five winners with cash prizes every month in the first half of 2024; i.e., from January – June 2024. In the months of January, March and May, one customer out of five lucky winners will win a prize of US$120,000 in the form of monthly Salary of US$10,000 for a period of one year. The rest of the four winners in these months will be awarded a one-time prize of US$10,000 each.

One mega prize winner picked in each of the months of February, April and June will win an outright sum of US$250,000, while the remaining four winners for these months will win US$10,000 each.

The months of July – October will each see one winner being rewarded with US$50,000. In November 2024, one lucky winner will win US$120,000 as monthly Salary of US$10,000 each month for a period of one year. The stakes will be the highest for the Al Kanz Grand Prize for December, wherein one fortunate winner will win a life changing amount of US$ 1 million.

With customers always front and centre in its long-term vision, ila Bank strives to provide simple, seamless and smart banking solutions that are created for, and along with, the customer.

Commenting on the Bank’s generous cash prize set for the year, Nada Tarada, Head of Business & Customer at ila Bank said, “We are delighted to be able to give our customers the opportunity to win bigger and more exciting prizes in 2024 through our innovative saving solution, Al Kanz. Along with offering effortless banking services, we continuously listen to our customers feedback, and we make improvements to all our products and services to enable us to follow through on our promise to get customers closer ‘to’ their lifetime’s dreams and goals.”

The eligibility criteria to participate in the lucky draws each month is simple. All customers need to do is deposit their savings into their Al Kanz account before the specified cut-off dates each month. Every BHD50 in the account is one chance to enter the draw. The deposit must remain in the account until the end of the retention period, which is one month after the last day to deposit. The prize money will be credited into the winners’ accounts.

The prize schedule and cut-off dates for deposits into the Al Kanz account are available on the ila

Bank website, For a solid chance to be one of the many lucky winners this year, be sure to make a deposit into your Al Kanz account today. With ila Bank as your trusted banking partner, 2024 could be the year you can achieve your dream holiday, home, car, or life goal.