| 17 Mar 2010 |
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National Bonds February millionaires committed to saving
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Winnings to be re-invested in National BondsNational Bonds
Dubai, 17 March 2010: National Bonds CorporationNational Bonds Corporation
PJSC, which is licensed and regulated by the UAE Central Bank, has continued to reward its bondholders for saving and investing in their Sharia-compliant scheme with their weekly lucrative prize draw. Two UAE nationals and two Indian Nationals were the February millionaires each winning the AED One Million in the weekly draws. Mr. Mohammed AlRaessi, a UAE national residing in Ajman, and a professional from the petroleum industry, did not even in his wildest dreams imagine that he would wake up from his sleep after a hard day's work and become one million dirhams richer.
The newest member of the National BondsNational Bonds
millionaire family commented: "I started saving with National BondsNational Bonds
one and half years ago, on the recommendation of one of my friends to save not only in a Sharia-compliant scheme but also a rewarding one. Until now, I had been winning the smaller prizes but this came as a surprise that is too good to be true, I am still trying to come to terms with the fact that I have actually won one million Dirhams and will definitely continue to retain part of my winnings with National BondsNational Bonds
to make it grow more and more" said Mr. AlRaessi.
Mrs. Fouzia. R. H., an Indian national, another bondholder who became a millionaire in the February draws, said: "The winning was a great surprise; it came at the right time when my family is commencing major life changing decisions in a few months. I never thought of saving to win any prize and can't believe that I have become a millionaire. The intention is to keep the grand prize with National BondsNational Bonds
and save more to ensure my 13-year old son and my 7-year old daughter have a solid education" said Fouzia.
Mr. Mohammed Qasim Al Ali, CEO of National Bonds CorporationNational Bonds Corporation
PJSC, said: "We are encouraged to know that our winners have reposed their trust in our saving scheme and are realizing the importance of saving for a secured future. We at National BondsNational Bonds
are committed to live up to the trust placed in our saving scheme by over half a million bondholders who have different goals and ambitions to achieve a successful life and who have clearly endorsed National BondsNational Bonds
as "Everyone's Favourite Place to Save and Invest". National BondsNational Bonds
recently announced their annual 2009 profit rate of 3.54 %, which is higher than the average rate of 3.25% on savings and term deposits. "Our 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".
Another unique initiative, the "Individual Takaful Cover", was launched in January 2010 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 exchange houses, banks and Emirates Post offices. For more information, kindly visit www.nationalbonds.ae or call 800-BONDS (26637).
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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 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 800-BONDS (26637).
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.© Press Release 2010
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