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Paperless Process Ensures No More Excuses Not To Save
Dubai-UAE - For the second time this year, National Bonds, the leading sharia-compliant savings and investments company in the UAE, is monitoring customer responses to the new 'Sukuk Express' service Since its launch.
The new service allows National Bonds' customers to deposit up to AED20,000 daily in their accounts via quick payment machines designed by MBME (The Cube), a market leader in kiosk and self-service payment solutions.
The company has revealed that 9,779 transactions have been conducted via the Sukuk Express machines within the nine-month period from February till October 2015, signifying an average increase of 1,086 savers each month taking advantage of the service.
The results also show a significant rise in transactions between June and July, with the number of users increasing from 1,507 to 2,177 savers in this period.
The results are a testament to the successful roll-out of Sukuk Express as a customer-friendly instant deposit service transacted via 1,000 machines distributed across the UAE. Sukuk Express is a key part of the company's plans to encourage its customers to save anytime and anywhere through the quickest and safest means possible.
The company's research included information on the distribution of users of instant depositing machines according to their nationalities. Indian nationals comprised the largest share with 2,734 savers opting to use Sukuk Express, followed by 1,651 UAE national savers.
Commenting on the results, Ahmed Bibars, Executive Director of Retail & Distribution at National Bonds, said: "We are very pleased with the excellent response from customers in the UAE towards the instant saving service. The service has been designed to provide our customers with facilities that help them to save with peace of mind and the minimum inconvenience. We have noticed the increasing keenness among customers to ensure their secure financial future, no matter where they may live in the UAE or what their financial capability. This was our key motivator to launching these quick payment machines. Our move has been validated with the high uptake that this service from National Bonds has witnessed in recent months.
"We are committed to creating similar unique solutions and leveraging cutting-edge technologies to improve our services, and help articulate the vision of our leadership to transform the UAE into one of the leading global countries by 2020."
National Bonds has already designed an online form to update customers about the location of instant depositing machines in order to save them time and effort in establishing a regular savings habit.
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About National Bonds Corporation PJSC
National Bonds, 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 AED10, with a minimum purchase option of AED100. National Bonds Corporation PJSC announced an annual return up to 4% for 2014. The scheme has distributed an annualized rate of return of 57% since inception, which is a combined average of annual returns and prizes distributed till 2014. National Bonds is a unique savings scheme with a diversified client base of more than 800,000 customers, offering:
· Opportunity to win more than 40,000 prizes every month. These prizes include monthly and quarterly awards distributed to UAE nationals and residents in separate categories. The quarterly prize offers two participants the chance to win a million dirham award every first Sunday of the quarter. The monthly awards give two bondholders the chance to win two BMW cars, AED10,000 to two women bondholders, and AED 10,000 to two minor bondholders. In addition, regular savers have the chance to win 15 awards worth AED10,000 every month. The monthly prizes also include 40,000 give away cash awards valued at AED50 each
· Savings with National Bonds can be redeemed easily after an initial 30-day holding period by calling 600522279 or for instant cash redemptions up to AED10,000 per day through visiting selective branches of Al Ansari Exchange and UAE Exchange houses across the UAE.
· Bonds are subject to a deferred-payment subscription fee which is payable at the time of redemption and waived if Saving Bonds complete the required months of holding period base on the payment mode.
· The National Bonds Employee Saving Program 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 1,700 outlets across the UAE, including The Sukuk Express through MBME - The Cube machines, Emirates Post offices, exchange houses and banks.
· National Bonds can also be purchased online at www.nationalbonds.ae
For more information please call:
Ghada El Khoury
APCO Worldwide
Tel: +971 4 375 5247
Mob: +971 55 804 5317
gelkhoury@apcoworldwide.com
© Press Release 2015
