Jun 14 2009

Five National Bonds millionaires in May

Five National Bonds millionaires in May
Winners from diverse mix of nationalities with many different aspirations
Dubai, UAE 14 June 2009: National Bonds , the UAE's first Sharia-compliant savings scheme, has helped more people realize their dreams and experience the rewards of saving during the month of May, with five new winners joining its family of millionaires. National Bonds winners represent a broad mix of nationalities, ages, career backgrounds and savings goals, showing the widespread appeal of the savings scheme, which is becoming everyone's favorite place to save and invest.

As the saving scheme's prize draw transitioned from a monthly to a weekly structure during May, British citizen Mr. Raymond Andrew became the 41st National Bonds millionaire and the fifth of the month when he was announced as the weekly winner on 30th May. Pakistani automotive business owner Mr. Muhammed Inamul Haq, British businessman Mr. Abu Tahir Abu and Filipino air hostess Ms. Charela Tigno also became National Bonds weekly millionaires during the month. UAE National Mr. Mohammed Al Suwaidi was announced as the last monthly millionaire early in May.

Upon hearing his name announced over the radio, Mr. Haq at first thought a friend had requested a song on his behalf. He soon learned the happy news when the AED 1 million win was confirmed by a phone call from National Bonds .

Mr. Haq said that while he was extremely happy to win the AED 1 million, his primary reason for buying National Bonds was not the prize draws: "I did not purchase National Bonds with the intention of winning, but with the intention of saving - winning at the draw is a bonus, but saving for the future is an even bigger bonus."

"There is no doubt that becoming a bondholder with National Bonds has influenced my savings habits - I have studied a number of other savings products and found this to be the best and a unique product," he said.

The first National Bonds weekly millionaire was Ms Tigno. She has lived in the UAE since a young age and is one of many Filipino nationals who are saving with the scheme and have been lucky by winning frequently in the draws.

"Becoming a millionaire thanks to National Bonds was an incredible feeling. They have encouraged me to continue saving through their high rate of profits every year and the opportunity to win prizes every week," said Ms Tigno.

Many different savings goals have been achieved by those who have saved and won with National Bonds - from helping the needy through charity donations to establishing businesses, saving for marriage and securing the futures of family members.

Mr. Mohammed Qasim Al Ali, CEO of National Bonds Corporation , said: " National Bonds plays an important role in fulfilling aspirations and meeting savings needs for residents and expatriates across the UAE and beyond."

"The broad mix of nationalities and backgrounds of our bondholders shows that anyone can save and win with National Bonds . With over 500,000 bondholders across 91 nationalities, I am proud that we can inspire so many people across the UAE to adopt a savings mindset for the benefit of individuals, families and the economy," he added.

National Bonds can be purchased from nearly 500 outlets nationwide, including exchange houses and banks, online at www.nationalbonds.ae or by calling toll free 800-BONDS (26637)


About National Bonds Corporation :
A private joint stock shareholding company, National Bonds Corporation was launched in March 2006. The Government of Dubai holds a 50 per cent ownership in the company with each of its shareholders, comprising Dubai Bank, Dubai Holding and Emaar Properties, holding 16.6 per cent ownership respectively. National Bonds Corporation is Sharia compliant, with a dedicated Sharia Board to oversee all financial aspects, including product-related operations and investments.

In December 2006, National Bonds Corporation launched property development projects - "Skycourts," the elegant and affordable freehold residential community in the heart of Dubailand, and Flamingo Creek in the Lagoons. In 2007, National Bonds Corporation launched National Properties, a wholly-owned, full-service real estate subsidiary that offers distinctive homes and lifestyle options to the multinational UAE community. National Bonds Corporation has invested in Taaleem PJSC, an initiative aimed at raising quality standards in the region's education sector. It is the new brand for Beacon Education that aims to inspire young minds, and help them identify and develop their passions and talents. National Bonds Corporation has also invested in BCS, a Strata Management company specializing in property management, Souk Extra the retail community shopping chain, and in M'sharie, the private equity arm of Dubai Investments.

About 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 Sharia-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; National Bonds can be purchased from nearly 500 outlets across the UAE, including 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, Lari, Orient, Al Razouki International, Sharaf and Habib Exchange Company. National Bonds can also be purchased online at www.nationalbonds.ae or call Toll Free 800-BONDS (26637).

National 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 Corporation will be distributed among bondholders.

For more information on National Bonds , please visit www.nationalbonds.ae. Or call Toll free 800-BONDS (26637)

© Press Release 2009

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