More prizes, nearly double the number of prizes offered in 2011
Higher winning chances, chances increase over time on current savings
Dubai, United Arab Emirates: National Bonds, the leading Shariah compliant saving scheme of its kind in the region, has announced its new prize structure for 2012, which aims to further enhance customer loyalty through its reward program. The initiative is part of many planned in 2012 which aim to support National Bonds' goal of encouraging more people to adopt the important habit of saving for a better future. The new prize structure comes in the wake of multiple focus group sessions held by National Bonds with its customers.
The new structure continues to offer the life-changing monthly one million dirham mega prize and has increased the number of weekly prizes from 5,135 prizes to 9,635 prizes. The new structure also gives customers the opportunity to boost their chances to win more prizes in every draw depending on their holding period. For instance, a newly issued bond will get one chance to win in the draw, while a bond held for six months will get two chances, whereas a bond held for twelve months will get three chances and so on.
"National Bonds is more than a prize; it is a lifelong experience that we hope will be passed from one generation to another. It is a simple scheme that offers a unique saving experience, with competitive returns, the added benefits of prizes, life Takaful protection and no additional transaction costs. Most importantly it provides customers with peace of mind that they can access their funds when needed and it is safely managed by a reputed and regulated company in a manner that is ethically and socially responsible," said Mr. Mohammed Qasim Al Ali, Chief Executive Officer, National Bonds Corporation PJSC.
In 2011, National Bonds gave away 272,167 prizes and introduced 12 instant millionaires. "No wonder that National Bonds is the most rewarding saving scheme in the region." added Al Ali.
The weekly draw will now be conducted on every Sunday instead of Saturday, while the monthly draw will be on the first Sunday of every month. The decision has been taken in order to allow people to take more advantage of their free time and save with National Bonds over the weekends. All bondholders with holdings of 300 bonds or more now qualify for the weekly and the monthly draws.
Bonds are systematically carried-over every week to subsequent draws and can be en-cashed anytime after 30 days from issuance date. Encashment can be easily requested by phone. To further provide customers with the convenience of instant encashment of an amount up to AED10,000 per day per account, the service is now made available seven days a week through designated outlets of Al Ansari Exchange covering all Emirates.
"The success of any product is dependent on the demand for it. We have seen steady growth for the overwhelming demand for more savings and investment tools that are Shariah compliant, safe, convenient, liquid and most important highly rewarding. So we will continue to expand our unique value proposition by offering new and innovative financial solutions tailored to fulfill the life cycle needs of our Bondholders" added Mr. Mohammad Bitar, Chief Strategy Officer, National Bonds Corporation PJSC.
In 2011 National bonds away 272,167 prizes and introduced 12 instant millionaires. National Bonds draws are supervised by the Dubai Economic Department to ensure fair and transparent practices. National Bonds is also available at nearly 620 outlets nationwide including Emirates Post offices, exchange houses and selected banks. 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 650,000 customers, offering:
- Customers will have the opportunity to win 41,750 prizes every month. AED 1 million on the first Sunday of every month and 9,635 prizes on every Sunday 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, 500 prizes of AED 100 and 9,000 prizes of AED 50. Savings with National Bonds can be redeemed easily after an initial 30-day holding period by calling 600522279 or for instant redemptions up to AED 10,000 per day through visiting selective branches of Al Ansari exchange house across the UAE.
- All National Bonds customers from the age of 12 month to 70 years are automatically entitled to Life 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 620 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 2012
