Dubai: Following a memorandum of understanding signed with Dubai Financial Market (DFM) this year, National Bonds, the leading Shariah-compliant investment company in the UAE, is launching its latest product “NBC Booster 20”. This brand-new initiative by National Bonds will provide certificates of investment for registered investors exclusively, through DFM-licensed brokers. It was launched on November 17th 2019.
This exclusive offer, which is a first-of-its-kind Shariah compliant Mudarabah structure, provides many benefits for investors including real-time tracking of their investments and the flexibility to redeem the investment via National Bonds at any point in time. The most exciting aspect of the offer is that profit is paid to investors every 3 months.
The total expected returns on NBC Booster 20 is “20%” over 5 years, while the minimum investment is AED 25,000 only.
National Bonds CEO, Mohammed Qasim Al Ali mentioned that the launch of the NBC Booster 20 certificates will provide a much-needed investment platform, as well as supporting the liquidity increase in the financial system the offer also provides a huge range of bundled benefits and privileges to the customers.
Al Ali stressed that “National Bonds is consistently working to provide every customer with a comprehensive suite of benefits that are unique & innovative and provide a range of efficient options for all types of savings and investments goals.”
“We will continue to work efficiently and pragmatically to achieve these needs through the launch of new and distinctive offers that full fills the needs of our ever-growing consumer base”, said Al Ali.
Hassan Al- Serkal, Chief Operating Officer and Head of Operations Division at DFM, said, “Diversification of products and investment opportunities is one of the cornerstones of our market strategy. We are thus delighted to cooperate with National Bonds to launch NBC Booster 20 through brokerage firms in the market.
“There is growing demand for Shariah-compliant financial products to diversify investment opportunities for the huge market base of over 844,000 local and international investors, as well as open prospects for brokerage firms to expand their activities.”
“Without doubt, Dubai Financial Market’s world-class infrastructure, both in terms of its regulatory and technical systems, makes it ideal to add value to customer activities and diversify financial products and services, particularly Islamic, in the context of its active contribution to strengthen Dubai's leading position as the capital of the Islamic economy globally."
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