CBK Najma Account Terms & Conditions

Al Najma Account:

  • An Account that may be opened by all customers i.e. Individuals, companies and establishments (Non government) at KD 100 as minimum deposit with no maximum. It is non interest bearing account which allows its holder to enter the draws to be announced and held by the Bank.
  • Minimum account balance to be eligible for any of the Najma draws is KD 500, where the amount maintained qualifies the account to enter the Najma draw as explained below:
    • Each KD 25 kept in the account for 7 days will give one chance to enter the weekly draw.
    • Each KD 25 kept in the account for 30 days will give one chance to enter the monthly draw.
    • Each KD 25 kept in the account for 90 days will give one chance to enter the semi-annual & annual draw.
  • Minimum Balance Fees:
    • If the account balance (opened before 29 June 2010) falls below KD 50 during the month, a fee of KD 2 (Two only) will be charged at the end of the month.
    • If the account balance (opened after 29 June 2010) falls below KD 100 during the month, a fee of KD 2 (Two only) will be charged at the end of the month.
    • The customer agrees to the Bank’s right to reserve three months worth of minimum balance fees in advance out of the initial deposit when opening the Najma account, which will be released after 90 days from account opening date. Note that the reserved amount does not affect the draw chances eligibility.
  • The bank may immediately close the account without notice in case the balance in the account falls to Zero.
  • Al-Najma account may not be opened by or to any of Commercial Bank of Kuwait’s employees and their first and second degree kinship. In all cases, the Bank may abstain from granting the amount of the prize when it becomes evident for the Bank that the winner is one of the Bank’s employees or a first or second degree kinship of the Bank’s employee. Furthermore, the Bank shall have the right in this case to close the account immediately and without any prior notice.