| 10 Mar 2010 |
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National Bonds forges strategic alliance with Emirates Post
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Saving made even easier across the UAE, National BondsNational Bonds
will now be available in over 100 Emirates PostEmirates Post OfficesDubai, 10th March 2010: National Bonds CorporationNational Bonds Corporation
PJSC, the Shari'a-compliant saving scheme, has announced a strategic alliance with Emirates PostEmirates Post, the national postal services provider of the UAE, to enable customers to purchase National BondsNational Bonds savings certificates from over 100 Emirates PostEmirates Post offices across the UAE, expanding the NBCNBC distribution network to more than 550 outlets.A Memorandum of Understanding (MOU) was signed between Mr. Mohammed Qasim Al Ali, Chief Executive Officer of National Bonds CorporationNational Bonds Corporation PJSC and Mr. Ibrahim Bin Karam, Chief Executive Officer of Emirates PostEmirates Post, paving the way for Emirates PostEmirates Post offices in the UAE to offer existing and new customers of National BondsNational Bonds various services; new or repeat purchases and instant savings certificate issuance.
Announcing the strategic alliance, Mr. Mohammed Qasim Al Ali, Chief Executive Officer of National Bonds CorporationNational Bonds Corporation PJSC, said: "National BondsNational Bonds and Emirates PostEmirates Post will focus on working closely together to advocate the savings culture. Joining forces with a leading national service provider like Emirates PostEmirates Post is an important step for National BondsNational Bonds, as it enables us to reach out to a wider audience and at the same time provide easy access and convenience to our customers. It will also enhance the visibility of National BondsNational Bonds, offer a seamless service to our bondholders and raise our service standards even higher. This agreement is yet another major achievement for National BondsNational Bonds in positioning the scheme as "Everyone' s favourite place to save and invest".
This significant tie-up will increase NBCNBC
distribution network by more than 20% that is more than 550 outlets including the banks & exchange houses. We are constantly striving to create awareness within the UAE society on the importance of saving by reaching out to more individuals and encouraging them to save with National BondsNational Bonds".Mr. Ibrahim Bin Karam, CEO of Emirates PostEmirates Post, said: "We are privileged to add National BondsNational Bonds services to our portfolio. As the region's most dynamic postal corporation, Emirates PostEmirates Post is geared towards providing the best service to all customers. With the help of our advanced IT technology and a trained team, we will provide a convenient and user-friendly service to the customers."
"Our extensive network of more than 100 post offices is ideal for taking National BondsNational Bonds
services closer to customers," added Bin Karam. "This is a strategic partnership for us and part of our overall plan to offer diverse public services established through alliances with government organizations and private sector companies."Mr. Louis Bruno Rochecouste, Chief Commercial Officer of National Bonds CorporationNational Bonds Corporation PJSC, added: "This new distribution agreement will become a trend-setter for retailing financial services products on a mass scale and comes as part of our strategic focus for 2010 to innovate and deploy the latest technologies in distribution and customer service".
He added, "We have recently launched a unique initiative the Individual Takaful Cover" that will offer coverage up to AED 125,000 for our valued bondholders. This coverage is based on a Shari'a-compliant takaful platform and is being provided to all individual bondholders from 12 months to 70 years old. More than half a million National BondsNational Bonds customers are benefiting from the "Takaful" coverage without any premium contribution. This cover is based on the Islamic insurance "Takaful" and managed by a Sharia compliant insurance company, Aman".
National BondsNational Bonds are available for purchase in nearly 550 outlets nationwide including more than 100 Emirates PostEmirates Post offices, online at www.nationalbonds.ae or call 800-BONDS (26637).
About National BondsNational Bonds:
National BondsNational Bonds is the Sharia compliant Saving Scheme that provides UAE nationals, UAE residents and non-residents over the age of 16 with a credible, safe and Shari'a-compliant savings opportunity. Minors can also own National BondsNational Bonds, provided the bonds are purchased by the parent/guardian. Each bond costs AED 10, with a minimum purchase of AED 100; National BondsNational Bonds can be purchased from nearly 550 outlets across the UAE, including Emirates PostEmirates Post offices, exchange houses and banks. These include Emirates Islamic Bank, Dubai Islamic Bank, Sharjah Islamic Bank, Dubai Bank, Al Hilal bank and exchange houses: Al Ansari, Al Fardan, Al Ghurair, Redha Al Ansari, Al Rostamani International, UAE, Wall Street, Orient and Sharaf. National BondsNational Bonds can also be purchased online at www.nationalbonds.ae or call Toll Free 800-BONDS (26637).
National BondsNational Bonds awards 101 prizes every week, of amounts ranging between AED1 million, AED10,000, AED5,000, AED1,000 and AED500. This amounts to an impressive AED1,155,000 in total prize money awarded each week. The programme is based on the Islamic principle of Mudaraba, whereby at the end of the financial year 20 per cent of the profits made by the National Bonds CorporationNational Bonds Corporation PJSC will be distributed among bondholders.
About Emirates PostEmirates Post:
Emirates PostEmirates Post is a subsidiary of Emirates PostEmirates Post Holding. It has emerged as one of the most dynamic postal organisations in the region, providing high quality services to the public and the corporate sector. Emirates PostEmirates Post has developed innovative new services, diversified its offering and established alliances with global postal corporations. Emirates PostEmirates Post has a network of more than 100 post offices across the country. Emirates PostEmirates Post's diversified offering includes mail fulfillment, utility bill payment services, government services, air tickets, banking, retail services and money exchange and remittances. (www.emiratespost.ae)
Anthony Francis D'Silva
Emirates Post
Tel: +9714 2031420,
Fax: +9714 2031372.
Mobile: +97150 4571624.
Email: anthonyfr@emiratespost.ae
© Press Release 2010
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