Aug 08 2007
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Filipina saves for a rainy day and wins a million
National Bonds announces its 16th millionaire
Dubai, August 8, 2007: A Filipina nurse living in Abu Dhabi won the highest reward for saving for the future when National Bonds announced her as the16th millionaire of their monthly draw held on the 4th of August 2007.
The nurse, wife of Abdullah Al Za'abi and mother of two children, has been saving with National Bonds regularly since last year, occasionally winning smaller prizes which added up to AED550. When she won a prize of AED100 in the 15th draw held in July 2007, little did she know that a big surprise was on its way.
It was Bond ABB813306 which she bought almost a year ago that earned Mrs Al Za'abi the grand prize of a million Dirhams. "I believe saving and financial planning are essential for a happy and hassle-free life, particularly to secure the future of our children. Saving and planning prepares you to face any emergency in your life. Do your best and leave the rest to God," the Filipina said.
She said she will retain part of her fortune with National Bonds , spending the rest to buy a home for her children and to help the needy in her native Philippines as well as in the UAE.
Congratulating the winners, Mohammed Qasim Al Ali, Deputy Chief Executive Officer of National Bonds expressed confidence over the savings scheme attracting more people of different nationalities. " National Bonds has an ever-growing popularity because it addresses the varied needs of the individual and keeps offering diverse investment avenues," he added.
Meanwhile, as part of its ongoing efforts to enhance quality, National Bonds is working on closer interaction with Bondholders including faster turnaround on queries. Recently National Bonds launched a three-month campaign in UAE's shopping malls including Mall of the Emirates, Deira City Centre, Burjuman and the Sahara Centre in Sharjah, to raise awareness on the importance of saving among residents as well as visitors and answer any queries on National Bonds . The campaign has attracted tremendous response from mall visitors.
Every month National Bonds distributes four million Dirham in over 16,000 prizes among its Bondholders. So far the savings scheme has received over 450,000 applications for Bonds and to date AED64 million has been distributed in more than 256,000 prizes in the monthly draws.
A private shareholding company, National Bonds Corporation is a Dubai-based entity that was launched in March 2006. The government of Dubai holds a 50% ownership in the company with each of its local shareholders comprising Dubai Bank, Dubai Holding and Emaar Properties holding 16.6% ownership respectively. National Bonds Corporation is Shari'a compliant, with a dedicated Shari'a Board to oversee all financial aspects including product-related operations and investments.
Since its launch in 2006, National Bonds has come up with various successful initiatives in community development. In December 2006, it launched "Skycourts", the elegant and affordable freehold residential community in the heart of Dubailand Residence Complex and earlier this year, National Bonds launched 'National Properties', a wholly owned, full-service real estate subsidiary that offers distinctive homes and lifestyle options to the multinational UAE community. They also launched ' Madaares PJSC', an initiative aimed at raising quality standards in the region's education sector. Madaares has acquired Taaleem and its associate Beacon Education, a leading provider of high-end primary and secondary education in the Gulf region consolidate its position in the fast-growing education sectorAbout National Bonds
National Bonds is the National Saving Scheme of the UAE 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 Bonds , provided the bonds are purchased by the parent/guardian. Each bond costs AED 10, with a minimum purchase of AED 100; bonds are available in over 200 outlets across the UAE.
offers all participants the opportunity to win up to one million dirhams in monthly draws. 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
Corporation (NBC) will be distributed among bondholders.
For further information please contact:
ASDA'A Public Relations
© Press Release 2007
© Copyright Zawya. All Rights Reserved.
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