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More and more non-residents are turning to National Bonds to safeguard their hard earned savings amid the current global situation, as latest statistics revealed that the UAE's innovative Shari'a compliant National saving scheme registered a 35% increase in non-resident bondholders in 2008.
Non-resident bondholders are from various continents, the top five nationalities among the bondholders are Omanis, leading with 23% followed by Indians, Saudi Arabians, Pakistanis and British nationals. They are able to access their accounts by checking their statements, track winnings and buy bonds online in a simple and hassle free manner on National Bonds' website.
When contacted at his residence in Pakistan, an elated Mr. Matin, said, "It was on the recommendation of a friend in Dubai that I decided to invest in National Bonds along with my son. We were happy with the 7.07% dividends that we received as a result of the record annual profit rate for 2008 but this monthly prize is a wonderful surprise. I am quite excited and yet not been able to decide what to do with the prize money. We as a family look at National Bonds as a universal, profitable and sound savings scheme. We are looking forward to winning more prizes and receiving even better dividends compared to local savings schemes in Pakistan."
Commenting on the increase in non-resident bondholders, Mr. Mohammed Qasim Al Ali, CEO of National Bonds, said:
"We have identified a major growth area outside the UAE, and plan to place greater emphasis on this segment in 2009. By widening the customer base to include people living outside the UAE, we plan to tap into a huge market of potential bondholders around the world. Our uniqueness as a trend-setting saving scheme is demonstrated in the seamless functionalities offered through our website. The power of the Internet cannot be ignored, especially during the current situation where people are looking for the best way to protect their lifetime savings."
Interest in National Bonds has grown considerably since last month's announcement of the highest annual profit rate of 7.07% in the UAE for bondholders in 2008. Not only did this surpass the 6.03% annual profit rate announced by National Bonds at the end of its first financial year in 2007 but it is also the highest return against any comparable savings scheme offered by any financial institution in the UAE.
Posted by Siba Sami Ammari
