26 December 2010 – Dubai, United Arab Emirates: National Bonds has finished the year on a high note by winning the award “Best Retail Product 2010” at the Islamic Business and Finance Awards, presented by the Dubai-based publishing house Corporate Publishing International (CPI).
National Bonds Corporation PJSC, the leading Sharia’a compliant saving scheme in the UAE, overcame competition for the award from a host of banks and saving schemes across the Middle East and Asia.
Mr. Mohammed Qasim Al Ali, CEO, National Bonds Corporation PJSC, accepted the award on behalf of the company, commenting: “With over 600,000 customers and one of the strongest value propositions for a savings scheme in the region, National Bonds is truly a household brand. We are proud that our achievements over the past five years have been recognized by our peers, with a lot more to come, we look forward to expanding our value offering of newly developed innovative services that will touch and enhance our bondholders lives through safe profitable investments of the Mudarabah fund and hopefully retaining this title next year and winning more accolades.”
“I would like to dedicate this award to National Bonds Staff for being the true financial experts on savings and we hope to continue to be the employer of choice, and most importantly to our bondholders as they are now saving in The Best Retail Product for 2010. I would also like to extend this award to our Strategic partners: the exchange houses, the banks and the Emirates Post offices.
He added “We promise that 2011 will be the year of pleasant surprises for you our valued bondholders. We will kick things off as early as January, with Excellence as our never ending vision. “
National Bonds has launched a host of innovative initiatives in the past year to encourage a culture of savings in the community and awaken a sense of financial responsibility. These include developing the Standing Instruction Order agreement with banks in the UAE, employee saving schemes, and disseminating the results of the first ever National Bonds Savings Index. National Bonds also continued its commitment towards adding value to its bondholders by introducing Life Takaful coverage up to a maximum value of AED 125,000 at no extra charge for bondholders from the age of 12 months to 70 years.
National Bonds certificates are available for purchase in nearly 560 outlets nationwide including Emirates Post offices, exchange houses and banks and National Bonds website. For more information, visit www.nationalbonds.ae or call 600 522 279.
National Bonds, which is licensed and regulated by the UAE Central Bank, is a Shari’a compliant saving scheme that provides UAE nationals, UAE residents and non-residents with a credible and safe savings scheme. Minors can also own National Bonds, provided the bonds are purchased by the parent/guardian. Each bond costs AED 10, with a minimum purchase of AED 100 National Bonds Corporation PJSC announced an annual profit of 3.54 % for 2009, which is higher than the market average of 3.25 % on savings and deposits. NBC’s cumulative profit rate of 16.64 % over the last three years is among the highest payout in comparison to any other similar savings schemes in the UAE.
National Bonds is a unique savings scheme with a diversified client base of over 600,000 customers:
· Customers will have the opportunity to win 22,250 prizes every month. AED 1 million on the last Saturday of every month and 5,135 prizes on every Saturday in different prize categories – 5 prizes of AED10,000, 10 prizes of AED 5,000, 20 prizes of AED 1,000, 100 prizes of AED 500 and 5,000 prizes of AED 100. Savings with National Bonds can be redeemed easily after an initial 30-day holding period from exchange houses, banks and Emirates Post offices.
· The National Bonds Employee Saving Scheme offers government and private sector employees an opportunity to save a portion of their salary on a monthly basis and also be entitled to all benefits and rewards offered by National Bonds
· National Bonds can be purchased from nearly 560 outlets across the UAE, including Emirates Post offices, exchange houses and banks.
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