The USD - Dirham Linked Sukuk is a new innovative Shari'a compliant savings scheme identical to the existing National Bonds, the Dirham Savings Scheme, with the enhanced option to invest funds in US Dollars and reap attractive returns.

This new saving option is available to UAE residents, non-residents and corporations. The USD - Dirham Linked Sukuk has a minimum investment of USD 5,000 with a lock-in period of 90 days and can be processed in just 5 working days.

While offering better annual returns, the USD - Dirham Linked Sukuk offers additional benefits, including weekly and monthly prize draws and a seamless currency exchange experience at preferential rates. What's more, the new saving scheme allows you to maintain separate account records from the regular National Bonds Dirham Savings Scheme.

How is it different from the existing National Bonds, Dirham Savings Scheme?

The USD - Dirham Linked Sukuk is a Shari'a compliant savings scheme identical to the existing Dirham Savings Scheme, but in US Dollar currency. Corporations now have the option of saving and redeeming funds in US Dollars.

Who can buy USD - Dirham Linked Sukuk?

Corporations can buy USD - Dirham Linked Sukuk.

How is the USD - Dirham Linked Sukuk invested?

At the time of purchase, the amount in USD will be bought by National Bonds Corporation PJSC from the customer(s) as per the exchange rate quoted on National Bonds Corporation PJSC's website, which in turn will be invested in the Mudaraba Fund in UAE Dirhams.

How does the corporation pay?

Payments must be made in US Dollars and accepted in the following methods:

• Cash (at the National Bonds Head Office).
• Cheques - only drawn in UAE banks (1 week).
• Account Transfers (5 working days).

Does the corporation avail the same benefits as UAE DIRHAMS when USD DIRHAM LINKED SUKUK are bought?

Yes.

Corporations who buy USD - Dirham Linked Sukuk will receive the same benefits as Corporations who have invested in UAE Dirham currency. This includes:

• Shari'a Compliant saving option.
• Competitive annual returns.
• Monthly reward of AED 1 Million Dirhams, plus 5,135 weekly rewards.*

In addition to the above, the corporation will enjoy seamless currency exchange experience at preferential rates.

* Paid from the Mudareb's own funds.
*At the sole discretion of the Mudareb and from its own funds. Mudareb shall not be liable except in case of negligence or misconduct.
*Each bondholder can win up to 5 prizes every week.
*All individual bondholders with holdings of AED 3,000 and above will be eligible for the weekly and monthly draw.

What profit would the corporation get at the end of the year? Will it be different from the profit of corporations who have invested in UAE Dirhams?

The profit distributed at the end of the year for the USD - Dirham Linked Sukuk is exactly the same as per the investments in UAE Dirhams. However, any currency exchange loss from converting UAE Dirham to US Dollar at the time of redemption will be booked to the Corporation's Account and also deducted from the profit earned at the end of the year.

Is there a minimum savings requirement in the USD - Dirham Linked Sukuk?

Yes. The minimum amount is USD 5,000.

Is there a maximum investment amount for USD- Dirham Linked Sukuk?

No. There is no limit.

How can the corporation redeem its USD - DIRHAM LINKED SUKUK?

The USD - Dirham Linked Sukuk can be redeemed by calling our Contact Centre 600 522279. International corporations can call +971 4 358 9595 for their redemption requests.

Upon any redemption request, the corporation will be able to redeem the same invested amount. However, any currency exchange loss from converting UAE Dirham to US Dollar at the time of redemption will be booked to the Corporate Account and deducted from the profit earned at the end of the year.

What are the redemption methods?

Redemption can only be done only through Account Transfers and takes approximately 5 working days to complete. Any bank charges will be deducted from the Redemption Amount.

If the corporation wins the weekly or the monthly draw, will its winnings be in USD - Dirham Linked Sukuk?

The Prizes of the weekly and monthly draws will be in UAE Dirhams, which will be converted to US Dollars upon redemption of the USD - Dirham Linked Sukuk. The corporation can request to redeem its prizes in UAE Dirhams as well.

When can the corporation redeem its USD - Dirham Linked Sukuk?

The minimum holding period is 90 days and can be redeemed after this period.

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