Mashreq Millionaire FAQ
How can I purchase MashreqMillionaire savings certificates?
Buying MashreqMillionare certificates is simple and convenient. You can buy them from any Mashreq branch or call our 24 hour Direct Banking Center on +974 (4) 441 8800 or SMS 'MM' to 5480303. You pay a nominal processing fee of QR 35 for each transaction, irrespective of the number of certificates you buy. This means that even if you buy 100 certificates, the processing charge remains as low as QR 35.
Who can invest in MashreqMillionaire?
MashreqMillionaire Certificates can be bought by all holders of a valid resident, visit or transit visa for Qatar and all GCC nationals. These certificates cannot be jointly held and are non-transferable
How are the draws conducted?
Each MashreqMillionaire drwa is conducted and supervised by the Department of Economic Development. All certificates that fulfill the eligibility criteria are included in the draw, so, the more certificates you hold, the more opportunities you have to become a MashreqMillionaire.
What happens if I win?
The winning amount is automatically credited to your MashreqMillionaire holding so you are guaranteed to receive the prize money even if you are not immediately available to claim it. Winners are notified by telephone and/or mail. Therefore, please ensure that the Bank has your complete and updated address at all times.
Are there any cancellation charges?
There are no cancellation charges and the certificates can be redeemed for their full or partial face value at any time.
How do I en-cash my certificate(s)?
You can en-cash your certificates in part or full, across the counter at any Mashreq branch. All you need is the original certificate(s) and a valid proof of identity.
Do I have to encash my certificates if I need cash in the short term?
If you hold 5 or more certificates, you need not en-cash them to meet your short term cash requirements. You can utilize an attractive overdraft facility that allows you to withdraw up to 90% of your original investment at low interest rates, against these certificates and continue to be eligible for all draws. If you have 2 or more certificates you are also pre-approved for the Credit Card, which you can also get a cash advance, at the lowest interest rate possible.