National Bonds joins hands with UAE Red Crescent Society in humanitarian aid

Notes and media contacts

About National Bonds Corporation:
A private joint stock shareholding company, National Bonds Corporation (NBC) is a Dubai-based entity that was launched in March 2006. 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. National Bonds Corporation is Sharia compliant, with a dedicated Sharia Board to oversee all financial aspects, including product-related operations and investments.

Since its launch in 2006, National Bonds has come up with various successful initiatives in community development. In December 2006, it launched "Skycourts," the elegant and affordable freehold residential community in the heart of Dubailand Residence Complex. In 2007, National Bonds launched National Properties, a wholly owned, full-service real estate subsidiary that offers distinctive homes and lifestyle options to the multinational UAE community. They also launched Taaleem PJSC, an initiative aimed at raising quality standards in the region's education sector.
About National Bonds:
National Bonds is the National Saving Scheme of the UAE that provides UAE nationals, UAE residents and non-residents over the age of 16 with a credible, safe and Sharia-compliant savings opportunity. Minors can also own National Bonds, provided the bonds are purchased by the parent/guardian. Each bond costs AED 10, with a minimum purchase of AED 100; National Bonds can be purchased from over 440 outlets across the UAE, including exchange houses and banks. These include Emirates Islamic Bank, Dubai Islamic Bank, Sharjah Islamic Bank, Dubai Bank, Al Hilal 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, Al Razouki International Exchange, Orient Exchange, Central Exchange, and Habib Exchange. In addition, National Bonds can be purchased online at www.nationalbonds.ae
National Bonds offers all participants the opportunity to win prizes worth a total of AED 5 million including a first prize of AED 1 million in monthly draws. The programme is based on the Islamic principle of Mudaraba, whereby at the end of the financial year 20 per cent of the profits made by the National Bonds Corporation (NBC) will be distributed among bondholders.

For more information on National Bonds, please call Toll free 800-BONDS (26637)

About Red Crescent Society
Red Crescent Society of United Arab Emirates has contributed to over 30 international humanitarian operations including those of including those carried out in countries as diverse as Bolivia , chechnya, Greece, Kosovo, Pakistan, Somalia and Zambia. In addition in 2000, UAERCS reported contribution in kind and in cash totaling CHF 33 million. Contributions included relief materials, medicine and food items among others.

The main activities of the Red Crescent Society of the United Arab Emirates (UAERCS) are providing sponsorship for orphans, medical and educational assistance, and responding to internal and external aid appeals. The society has six departments at its headquarters office in Abu Dhabi, countrywide branches and ten international offices.

The UAERCS main services include first aid and rescue; health care education; dissemination of Red Cross Red Crescent Fundamental principles and humanitarian values; Ramadan and Eid campaigns; an emirates airline passengers donation campaign; assistance for orphans, the elderly, prisoners and other vulnerable people both within and outside the country; sewing centres for handicapped girls; development programmes; and building programmes for mosques; schools and clinics.