Dubai: For the tenth year in a row National Bonds, the UAE’s leading Sahri’a Saving and Investment Company, is distributing ‘Eidiyah’ to more than 1000 lucky minor bondholders. ‘Eidiyah’ is an annual initiative that rewards minor bondholders via special electronic draws for AED 50 held in celebration of Eid Al Adha.
As part of its efforts to encourage financial literacy among children and young adults residing in the emirates, National Bonds has also allocated 200 daily prizes totaling AED 200,000 monthly for minors as part of its rewards program widely considered the largest in the UAE.
Speaking on the initiative, Ahmed Bibars, Executive Director of Retail Business and Distribution at National Bonds, said: "The Eidiyah tradition at National Bonds has transformed into an annual ritual that we now leverage to encourage the younger generation to save regularly. Through this initiative, we also help minors to better understand the value of money and educate them about securing a stable future for themselves, their families and society as a whole.”
“At National Bonds, we believe that the family is a key pillar of our society and has the biggest influence in raising a responsible individual. We seek to raise awareness among families about the importance of bringing up their children with a culture of saving, and holding them responsible for their own budget management. This will educate them in optimally managing their finances and guide them in making mature spending decisions in the future.” Bibars added.
National Bonds would like to convey it’s warmest Eid greetings to President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and members of the Supreme Council of the United Arab Emirates, on this joyous occasion.
About National Bonds Corporation PSC
National Bonds, 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 PSC announced an annual return up to 4% for 2018. The scheme has distributed an annualized rate of return of 52% since inception, which is a combined average of annual returns and prizes distributed till 2018. National Bonds is a unique savings scheme with a diversified client base, 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 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 give away cash awards valued at AED50 each. The awards are allocated to 4,000 women bondholders, 4,000 minor bondholders, 8,000 regular savers, and 24,000 awards for all individual bondholders.
- 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 selected banks.
- National Bonds can also be purchased online at www.nationalbonds.ae
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© Press Release 2019