National Bonds Welcomes Dubai Airports to its Employee Savings Scheme and Supports its continuous effort to remain as an employer of choice

Dubai, UAE 02 March 2011: National Bonds Corporation PJSC, the investment company behind the leading Sharia'a compliant saving scheme, has announced a strategic partnership with Dubai Airports to offer airport staff the opportunity to join the National Bonds Employee Saving Scheme program.  

This scheme is the first of its kind in the UAE and is part of an ongoing initiative to encourage a savings culture and increase awareness around the importance of saving to ensure a secure financial future. The scheme enables companies to secure their employees and their families' futures by providing additional benefits aimed at building staff loyalty to the organization and thereby increasing employee retention. The program is targeted at all government, semi-government and private organizations.

Launched in October 2009, the Employee Saving Scheme offers employees the opportunity to save a portion of their salary each month through National Bonds. The scheme, which is voluntary, is in addition to employees' end-of-service benefits and is available to all existing and new staff that elects to join. Employees will also be entitled to all of the benefits offered by National Bonds, including weekly and monthly draws with thousands of prizes including a Million Dirham grand prize, competitive annual profits, no fee processes with no additional charges and free Life Takaful Coverage for every member.

The Memorandum of Understanding was signed by Mr. Mohammad Bitar, Chief Strategy and Risk Officer, National Bonds Corporation PJSC and Ms. Jill Nealon, Senior Vice President of Human Resources and Development of Dubai Airports. 

Commenting on the latest member to the Employee Savings scheme, Mr. Mohammed Qasim Al Ali, Chief Executive Officer, National Bonds Corporation PJSC said: "Since launching this new savings initiative, it has become increasingly evident that organizations are looking at alternative ways to ensure the loyalty and retention of their staff. We are pleased to welcome Dubai Airports to this scheme, and we commend them for demonstrating such commitment to the welfare of their employees."

"It is vital that we continue to promote a savings culture in the UAE, and it is our aim to ensure this becomes a priority amongst all UAE citizens and Expat residents. We are pleased that Companies and specifically HR divisions are being more involved in promoting a company's social and financial values nowadays more than ever, and in turn National Bonds will continue to support those socially responsible organizations and their innovative HR Departments. It is our hope that more and more organizations within the UAE recognize the unique value of such a scheme, which provides a rewarding Sharia-compliant, highly-liquid, no fee savings experience, which will definitely incentivize their employees to start the path to a brighter financial future for them and their families."

"Providing the safety, security and well-being of our employees is our top priority," said Meshari Al Bannai, Head of Organizational Design, Dubai Airports. "This saving scheme gives our employees a flexible tool that improves their financial security now and in the future. We're proud to offer it to them."

Dubai Airports is one of the major highly profiled -organizations in the UAE to adopt the Employee Savings scheme. Each employee opting for this scheme will be required to decide what amount he would like to save, and then sign a Letter of Authority that will allow the employer to -transfer the agreed amount on a monthly basis from the employee's salary and which will then be credited to their existing or newly created National Bonds account.

On signing the authority letter, employees will be eligible for the competitive annual profit rate, weekly draws and other benefits associated with being a bondholder, and any savings above a DHS 3,000 will give the employee the chance to win 1 Million Dirhams every month. The employee has direct access to National Bonds through its various channels such as Call Center, Online and its nationwide distribution network that consists of Emirates Post offices, exchange houses and selected banks.

National Bonds certificates are available for purchase in nearly 580 outlets nationwide including exchange houses, banks and Emirates Post offices. For more information, kindly visit www.nationalbonds.ae  or call 600 522 279

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About National Bonds Corporation PJSC:
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 profit of 3.78 % for 2010, which is higher than the market average of 0.46% on saving accounts and 2.40% on 12 months fixed deposit accounts.  NBC's cumulative profit rate of 26.4 % over the last five 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 huge and diversified client base with over than 610,775 customers, offering:

  • 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 by calling 600522279 or for instant redemptions through visiting some branches of Al Ansari exchange house, Emirates bank and Dubai Bank

  • All National Bonds customers from the age of 12 month to 70 years are automatically entitled to Individual Takaful coverage up to a maximum value of AED 125,000 at no extra charge

  • 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 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 580 outlets across the UAE, including Emirates Post offices, exchange houses and banks.

  • National Bonds can also be purchased online at www.nationalbonds.ae or call 600 522 27

For more information, please contact:
Miriam Farchoukh
DABO & CO
nbcteam@daboandco.com
04 - 3444901

© Press Release 2011