National Bonds is the National Saving Scheme of the UAE launched by the National Bonds Corporation PJSC, a Dubai-based private joint stock shareholding company that was established in March 2006 with a paid-up capital of AED 150 million. The Government of Dubai holds a 50 per cent ownership in the company with each of its local shareholders, comprising Dubai Bank, Dubai Holding and Emaar Properties, holding 16.6 per cent ownership respectively. As an investment company National Bonds Corporation PJSC is licensed and regulated by the UAE Central Bank.
Shari'a-compliant
National Bonds Corporation is Shari'a compliant, with a dedicated Shari'a Board to oversee all financial aspects, including product-related operations and investments. The Shari'a Board is chaired by Dr. Hussain Hamid Hassan, a leading Shari'a scholar who is currently presiding the Fatwa and Shari'a Supervision Boards of most Islamic financial institutions in the United Arab Emirates, and many others overseas.
Sound investment initiatives
Since its launch in 2006, National Bonds has come up with various successful initiatives in community development.
In December 2006, National Bonds Corporation launched property development projects, such as Skycourts the elegant and affordable freehold residential community in the heart of Dubailand, Flamingo Creek in the lagoons and Souk Extra the retail community shopping chain.
BCS, a Strata Management company specializing in property management was launched to support homeowner rights in all property developments in UAE.
Taaleem PJSC, an initiative aimed at raising quality standards in the region's education sector. It is the new brand for Beacon Education that aims to inspire young minds, and help them identify and develop their passions and talents. Taaleem, which means education in Arabic, will continue to deliver premium schools in the GCC region. Currently operates and manages eight schools.
Our strength
National Bonds Corporation offers the first Shari'a compliant product of its type in the world.
National Bonds is the national savings scheme of the UAE that provides competitive annual returns on savings and offers the added excitement of weekly prize draws.
National Bonds is the safest, innovative and most rewarding saving scheme in the region that offers the highest return against any comparable savings scheme offered by any financial institution in the UAE.
National Bonds declared a 7.07% annual profit payout for 2008 to its bondholders as against 6.03% in 2007
Financial Highlights
Announcement of the highest annual profit rate of 7.07% in the UAE for its bondholders for a second consecutive year in 2008. It is the highest return against any comparable savings scheme offered by a financial institution in the UAE.
Bondholders enjoyed the highest growth of 17.25% in their profit rate in 2008 as compared to the previous year.
Opportunity to win AED 1,155,000 in prizes in the weekly draws. The top prize being AED 1 million every week.
Total sales rose to AED 4 billion in 2008, a whopping increase of 152 %.