Browse
related articles
With its progressive approach to provide customers with Sharia-compliant banking services, Al Hilal Bank with head offices based in Abu Dhabi has taken major strides in the Islamic banking sector since its inception in 2008.
This partnership will provide convenient access to existing and new customers of National Bonds at all Al Hilal Bank's branches that are located in various emirates across the UAE such as in Abu Dhabi (Mall Branch, Corniche, Hamdan), Dubai (Garhoud, Bur Dubai), Al Ain (Sh. Khalifa Road) in Sharjah, Al Buharia Corniche Road, and in Ras Al Khaimah (Al Muntasir Road), including the award winning flagship 'Financial Mall' branch on Abu Dhabi Corniche.
Mr. Mohammed Qasim Al Ali, CEO of National Bonds Corporation, said:
"Our strategic partnership with Al Hilal Bank, another leading Sharia-compliant entity will not only significantly enhance our distribution network but also offer a seamless service for our bondholders in line with our vision of being everyone's favourite place to save. By establishing several customer contact points in Abu Dhabi, as part of our expansion plans this year, National Bonds will be able to offer convenient services to individual bondholders in the capital, as well as various existing and potential corporate customers."
He added, "As the only saving scheme of its kind that is committed to providing innovative and personalized services to our customers, our association with Al Hilal Bank is basically in synergy with their personalised and unique approach to Islamic banking. As part of our aim to create a strong saving culture in the UAE, we are constantly exploring new avenues through which we can reach out to customers. By joining forces with Al Hilal Bank, we aim to further increase the visibility of National Bonds as the safest, innovative and most rewarding saving scheme in the region."
Mr. Mohamed Jamil Berro, CEO, Al Hilal Bank, said, "We are pleased to work together with a pioneering financial institution like National Bonds Corporation, whose unique saving scheme has helped boost customer confidence in the current global situation. This partnership will make Al Hilal Bank an important interface for customers keen on buying National Bonds. Our efforts will be focused on making the whole process of purchasing and utilization of services simple and hassle-free."
This partnership with Al Hilal Bank is the fifth alliance of its kind between National Bonds and an Islamic bank. The current four are Dubai Islamic Bank, Emirates Islamic Bank, Dubai Bank and Sharjah Islamic Bank. With the addition of Al Hilal Bank branches, customers will now be able to purchase bonds from over 440 outlets throughout the UAE.
National Bonds recently declared the annual profit rate of 7.07% for their bondholders, it is the highest return against any comparable savings scheme offered by any financial institution in the UAE.
Bondholders enjoyed the highest growth of 17.25% in their profit rate in 2008 as compared to 6.03% in 2007, this reflects the impressive growth achieved by National Bonds in just over a period of almost three years since its launch in 2006. In addition National Bonds Corporation gives the opportunity to win 26,318 prizes every month and enables one bondholder to become a millionaire every month.
Digg
Facebook
LinkedIn
Twitter
Posted by Siba Sami Ammari
It looks like you are using a Mac - check out our 
Web Feeds