No. However, a minimum of 3 certificates need to be purchased for every transaction. All Mashreq Millionaire customers will qualify to enter the draw of AED 1 Million. Mashreq Millionaire certificates are valued at AED 1,000 each.
Mashreq Millionaire Certificates can be bought by all holders of a valid resident, visit or transit visa of the UAE and all GCC nationals. These certificates cannot be held jointly and are non-transferable.
Each Mashreq Millionaire draw is conducted and supervised by the Department of Economic Development. All certificates are included in all the draws, so, the more certificates you hold, the more opportunities you have to become a Mashreq Millionaire.
Winners are notified by telephone & SMS. Therefore, please ensure that the Bank has your complete and updated contact details at all times.
You can encash your certificates in part or full either through a Mashreq Neo app.
There are no cancellation charges when Mashreq Millionaire Certificates are redeemed after 90 days from the date of purchase. For earlier redemption, there is a nominal fee levied on the full or partial quantity of certificates redeemed.