National Bonds introduces gift vouchers as Eid approaches

This new product from National Bonds will support parents in instilling the financial planning culture among families and their children by substituting money this Eid by gifting National Bonds gift vouchers. These vouchers represent bond certificates and entitle the bearer to have a chance to win over 26000 prizes in regular monthly draws of Dhs5m. It will also earn the annual profit to be declared in January 2009 (6.03% was distributed in 2007 financial year).

"Children should be educated on the importance of saving, especially when it is customary to spend excessively during the festive season,"

said Mohammad Qasim Al Ali, CEO of National Bonds Corporation.

"Instead of giving cash this Eid, parents will have a choice to present their children and loved ones with National Bonds gift vouchers. In doing so, they are providing them with valuable financial skills for life. As everyone's favourite place to save, National Bonds is committed to introducing many more such creative initiatives to encourage savings," he added.

National Bonds gift vouchers can be purchased from our partners, including exchange houses and banks; they include Emirates Islamic Bank, Dubai Islamic Bank, Sharjah Islamic Bank, Dubai Bank and exchange houses: Al Ansari, Al Fardan, Al Ghurair, Redha Al Ansari, Al Rostamani International, UAE Exchange, Wall Street Exchange, Lari Exchange, Saad Exchange and Habib Exchange. Any person who is 16 years of age or above can buy National Bonds Gift Vouchers and there is no limit on the number of vouchers that can be purchased and they hold no expiry date.

National Bonds is a unique, simple and safe savings scheme. All these aspects have made National Bonds everyone's favourite place to save. The Investment Corporation of Dubai (the investment arm of Dubai Government) owns 50% of National Bonds while the rest is owned by leading Dubai Inc. companies.