Special Features
National Bonds
National Bonds, which is licensed and regulated by the UAE Central Bank, is a Sharia’a compliant saving scheme that provides UAE nationals, UAE residents and non-residents with a credible and safe savings opportunity. 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 return up to 2.89% for 2013. The scheme has distributed an annualized rate of return of 5.6% since inception, which is a combined average of annualized returns and prizes distributed till 2013.National Bonds is a unique savings scheme with a huge and diversified client base with over than 750,000 customers, offering:
•Customers will have the opportunity to win 43,207 prizes every month. These prizes include a double number of weekly awards distributed across two categories of citizens and residents. The first week prize is the million dirham awards that allow all bondholders to enrol in regardless of the savings they have. The million dirham award is followed by two gold bars to two women bondholders worth AED50, 000 each in the second week and two BMW cars during the third week. In addition to two tuition fees worth AED25,000 each to two minor bondholders.
The prizes also includes give away cash award every minute of every day. The total number of cast award in a day is 1,440 valued at AED50 each, 600 prizes will be reserved for bondholders in specific sub-categories: 200 for women bondholders, 200 for children bondholders and 200 for bondholders who have a direct debit arrangement with their respective banks.
Savings with National Bonds can be redeemed easily after an initial 90-day holding period by calling 600522279 or for instant cash redemptions up to AED10,000 per day through visiting selective branches of Al Ansari exchange and UAE Exchange houses across the UAE.
•National Bonds does not charge any transaction fee from its customers. One can open an account for free and also close the account at any time without paying a penalty.
•The National Bonds Employee Saving Program 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 700 outlets across the UAE, including Emirates Post offices, exchange houses and banks.
•National Bonds can also be purchased online at www.nationalbonds.ae
