National Bonds announces new governmental partners for Employee Savings Scheme Program

Dubai, UAE 2 November 2011: National Bonds Corporation PJSC, the investment company behind the leading Sharia'a compliant savings scheme, has announced strategic partnerships with governmental organizations including Dubai Health Authority (DHA), Dubai Export Development Corporation (DEDC) and the Awqaf & Minors Affairs Foundation (AMAF) to offer their staff the opportunity to join the National Bonds Employee Savings Scheme.  

The voluntary scheme, a first-of-its-kind in the UAE, represents National Bonds' ongoing commitment of encouraging a savings culture and increasing awareness about the importance of planning ahead to ensure a secure financial future.

Launched in October 2009, the Employee Savings Scheme offers employees the opportunity to establish their own individualized savings plan by deducting a portion of their salary each month via their payroll department through National Bonds. Available to all existing and new staff that choose to participate, the program does not affect employees' end-of-service benefits and entitles them to all the benefits offered by National Bonds, primarily the competitive annual profits, no fee processes, weekly and monthly draws with thousands of prizes including a Million Dirham grand prize, and Life Takaful insurance for every member.

His Excellency Sheikh Khaled Ahmad Mubarak, Deputy Director General of Dubai Health Authority, said: "we are proud to join hands with National Bonds for this partnership which highlights our dedication to ensure the financial well-being of our employees by giving them the opportunity to save for their future and enjoy the benefits that schemes    offers. In addition to that, I would like to congratulate National Bonds on the program's innovation and for the tremendous efforts that they are putting to reach out to the UAE community to promote a culture of saving and planning for the future"

Commenting on the partnerships, Mr. Mohammed Qasim Al Ali, Chief Executive Officer, National Bonds Corporation PJSC said: "The National Bonds Employee Savings Scheme enables companies to increase staff loyalty and employee retention by providing staff with added benefits. This scheme can also act as an alternative "Retirement Plan" for both nationals and expats. We are pleased to welcome Dubai Health Authority to this scheme, and we commend them for demonstrating such commitment towards the welfare of their employees."

He added, "It is our hope that more and more organizations within the UAE will recognize the unique value of such a scheme We are confident that the provision of a rewarding, Sharia-compliant, highly-liquid, and no-fee savings experience will incentivize employees to take the path towards a brighter financial future for them and their families."

Dubai Health Authority is recognized as the strategic health authority for the Emirate of Dubai, empowered to set policies and strategies for health and assures the application of those health policies and strategies. Dubai Export Development Corporation was established by the Government of Dubai to provide exporters with the services required to enter or expand into foreign markets, while the Awqaf & Minor Affairs Foundation is in charge of adopting minors, managing and investing their funds and socially empowering them. They join a host of high-profile organizations in the UAE that have adopted the National Bonds Employee Savings Scheme, including Dubai Airports and Financial Markets.

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

-Ends-

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 630,000 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 560 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:
Rawan El - Saleh
DABO & CO
nbcteam@daboandco.com
04 - 3444901

© Press Release 2011