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National Bonds Makes More than 70 Millionaires

Last year 39 bondholders became millionaires from a total of 135,000 prize winners. The saving scheme, which was launched in 2006, promoted saving culture in the UAE and attracted a large number of people.

NBC awards 101 prizes amounting to Dh1,155,000 every week, of amounts ranging between Dh1 million, Dh10,000, Dh5,000, Dh1,000 and Dh500. Additionally, 20 per cent of the annual profits made by NBC are distributed among bondholders at the end of the financial year. This is determined on the Islamic principle of Mudaraba.

More and more residents and non-residents have started saving with National Bonds, largely encouraged by the range of benefits offered by the unique saving scheme. In January, five more bondholders became weekly millionaires including three UAE nationals, and one from India and Jordan.

Louis Bruno Rochecouste, Chief Commercial Officer, National Bonds Corporation, said: “National Bonds has proven to be a dream come true for many people. It has helped fulfill the aspirations of those seeking a simple, safe and Sharia-compliant way to save and individuals aware of the importance of savings. We wish to reiterate our thanks to all bondholders for their loyalty and support. We are committed to live up to their trust placed in National Bonds, which is truly “Everyone’s Favourite Place to Save and Invest”.

NBC recently launched a unique initiative, “Individual Takaful Cover” that will provide added value to its bondholders. This coverage is based on a Shari’a-compliant takaful platform and is being provided to all individual bondholders from 12 months to 70 years old.

More than half a million National Bonds customers are benefiting from the “Takaful” coverage without any premium contribution. This cover is up to Dh125,000 based on the Islamic insurance “Takaful” and managed by the Sharia compliant insurance company, Aman.

NBC has also introduced the Employee Saving Scheme which enables employers in both government and private institutions to add value to their staff welfare programme. This scheme will offer employees an opportunity to save a portion of their salary on a monthly basis voluntarily and seamlessly in National Bonds. Employees who sign up for the scheme will also be entitled to all benefits and rewards offered by National Bonds.

Existing and potential bondholders can also avail themselves of information at their finger tips by accessing a new comprehensive, user-friendly website that includes online customer support, photo and video gallery, outlet finder, and many more features. 
— abdulbasit@khaleejtimes.com