National Bonds and SALAMA have joined forces to make saving even safer

National Bonds and Islamic Arab Insurance Company SALAMA, have announced a strategic partnership to provide protection services

  
National Bonds and SALAMA have joined forces to make saving even safer

  • Through the collaboration, UAE savers will enjoy exclusive protection packages, designed especially for National Bonds products

  • This marks another key milestone in National Bonds’ path to making the UAE a nation of savers
  • Dubai, UAE:National Bonds Corporation, a leading investment company providing innovative, Shari'ah-compliant financial products and services, today announced that it has strategically partnered with – Islamic Arab Insurance Company - SALAMA. Through this new collaboration, National Bonds customers will have exclusive access to brand-new, tailor-made Takaful protection packages from SALAMA.

    SALAMA is the leading provider of Shari’ah compliant Takaful solutions. A form of co-operative insurance, Takaful is an integral part of the financial planning cycle that reduces the pressure as one builds their savings. One of the oldest Shari’ah compliant insurance providers in the world, SALAMA brings its vast experience to National Bonds savings products.

    Commenting on the recent announcement, Mohammed Qasim Al-Ali, CEO, National Bonds Corporation, said:

    We are very pleased to be collaborating with SALAMA and enhancing the services which we offer our customers. This agreement ensures that our customers have access to unparalleled protection, exclusively designed for National Bonds savings products.

    At National Bonds, we are committed to maintaining our position as a trusted savings advisor  and we always seek to enhance the services we offer to our customers. This partnership is an ideal addition to our existing product offering and, moving forward, we will remain focused on making saving simpler, more convenient, and more secure for residents across the UAE.”

    The newly introduced SALAMA protection packages will be available exclusively to National Bonds customers. Each package is tailor-made for the National Bonds’ savings plans, designed to complement each individual package. The protection packages are also comprehensive, providing a range of solutions, including life coverage, complimentary payment protection, personal accident cover, critical illness, and more.

    Commenting on the partnership, Parvaiz Siddiq, Chief Operating Officer at SALAMA said:

    We are pleased to be working with National Bonds and expanding the reach of our Takaful solutions. At SALAMA, we aim to cater to the diverse needs of our customers and provide them with leading, Shari’ah compliant protection solutions. We continue to innovate and evolve the solutions which we offer and these newly designed packages for National Bonds is a step in the right direction. Through these exclusive, personalised plans, we can ensure that customers are satisfied and their savings are protected. We look forward to the successes of this partnership and introducing new packages in the near future.”

    Customers can sign up for SALAMA packages through their National Bonds representative, providing an easy and convenient experience. Customers will then be provided with a direct contact at SALAMA to manage all of their protection needs, at the press of a button. The SALAMA protection packages are available to all National Bonds savings customers and, based on customer feedback and demand, additional protection packages will be introduced soon.

    -Ends-

    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 2016. The scheme has distributed an annualized rate of return of 54.8% since inception, which is a combined average of annual returns and prizes distributed till 2016. 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 AED100,000 to two lucky winners and AED 10,000 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 banks.
    • National Bonds can also be purchased online at www.nationalbonds.ae
    © Press Release 2018

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