How an Indian within the UAE gained Dh2 million by a financial savings account

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How an Indian within the UAE gained Dh2 million by a financial savings account

2 min learnUp to date: Jun 16, 2026 10:47 PM IST

An Indian expatriate residing within the UAE has gained a grand prize of Dh2 million (roughly ₹5.15) within the newest draw of the “Millionaire” marketing campaign run by Sharjah Islamic Financial institutionKhaleej Occasions. reported. The winner, recognized as Shajeer Venga, 34, emerged as the highest prize recipient within the financial institution’s June 2026 raffle draw, one of many largest savings-linked reward programmes within the UAE.

What’s ‘Millionaire’ marketing campaign?

The “Millionaire” marketing campaign was launched by Sharjah Islamic Financial institution in 2025 to encourage clients to construct financial savings by eligible deposit accounts. In response to Sharjah Islamic Financial institution, the programme presents greater than Dh20 million in annual prizes and awards raffle entries based mostly on the balances of their accounts.

The marketing campaign consists of seasonal grand prizes value Dh2 million, quarterly prizes of Dh1 million, luxurious automobiles and lots of of money rewards distributed all year long.

June draw winners introduced

In response to Khaleej Occasions, Shajeer Venga emerged as the highest winner within the June 2026 draw, one of many largest prize distributions underneath Sharjah Islamic Financial institution’s savings-linked rewards programme.

The draw additionally noticed Emirati participant Moza Alshamsi win a BMW XM luxurious SUV, whereas a number of different clients acquired money prizes starting from Dh500 to Dh5,000.

The June outcomes have been revealed on the financial institution’s official “Millionaire” marketing campaign portal, which lists winners throughout varied prize classes.

Financial savings incentives acquire recognition in UAE

Financial savings-linked prize schemes have develop into more and more well-liked amongst UAE banks as lenders search to encourage long-term deposits and monetary planning. Sharjah Islamic Financial institution describes the marketing campaign as one of the outstanding financial savings initiatives within the nation, designed to reward clients whereas selling a tradition of saving and funding.

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The marketing campaign comes at a time when Sharjah Islamic Financial institution has reported sturdy investor confidence. In Could 2026, the financial institution introduced that its Dh2.59 billion rights problem had attracted greater than Dh8.3 billion in subscriptions, making the providing oversubscribed by over 3 times, in accordance with a Reuters report.

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