Furthermore, NBC has received over 150,000 applicants who have chosen National Bonds as a means of saving for the future.
Such has been the success of National Bonds that Nasser Al-Shaikh, Vice Chairman and CEO of NBC, is confident that the Shari'a compliant saving scheme will reach the one billion mark by the end of 2006. NBC has also revealed that the company is looking into the possibility of expanding beyond the UAE to meet growing demand.
Nasser Al-Shaikh Vice Chairman and CEO of NBC commented, "National Bonds is a truly unique savings scheme. Each month more and more people chose to save with National Bonds as a way of financially providing for their future in a Shari'a compliant way. It is this unique combination of factors that has created high demand for the bonds within the UAE. We look forward to offering this saving scheme to a greater number of people living in the country and beyond."
National Bonds can be purchased at more than 150 banks and exchange houses around the UAE including Emirates Islamic Bank, Al-Ansari Exchange, Al-Ghurair Exchange, Thomas Cook Al-Rostamani Exchange Company and UAE Exchange Centre, or through the National Bonds website.
The next National Bonds draw takes place on the 5th of August 2006 at 9pm at the Dubai Financial Market.
Browse
related articles
National Bonds Corporation announce AED 300 million worth of bonds sold
- United Arab Emirates: Sunday, July 02 - 2006 at 15:54
- PRESS RELEASE
Related content
National Bonds Corporation (NBC) today announced that more than AED 300 million worth of National Bonds have been sold since launch of sales in March 2006.
Nasser Al-Shaikh, Vice Chairman and CEO of NBC.
Article Options
Log in to request more information from National Bonds Corp
Posted by Janeta Novakovic, Assistant News EditorSunday, July 02 - 2006 at 15:54 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Notes and Media Contacts »
About National Bonds:
National Bonds offer all participants a safe and credible savings option whilst simultaneously providing people with a unique opportunity to win millions of dirhams in monthly draws.
The scheme which is available to UAE residents and non residents aims to provide people with a unique and innovative Shari'a compliant savings mechanism based on the Islamic principle of Mudaraba. At the end of the financial year, profits made by National Bonds Corporation will be determined and 20% of this amount will be distributed amongst bond holders. The distribution will be according to the number of bonds held by an individual, and for the time period the bonds were held, during the related financial year.
About National Bonds Corporation:
National Bonds Corporation is a private shareholding company. Established in Dubai, UAE in March 2006 National Bonds Corporation is licensed to operate throughout the UAE.
A new initiative, National Bonds Corporation is owned by Dubai Bank, Dubai Holding and Emaar Properties. National Bonds are a Shari'a compliant product with a dedicated Fatwa and Shari'a Supervisory Board to oversee all financial aspects including product related operations and investments.
For more information please contact:
Claire Liddell G2 PR Department
Tel: 04 3310331
Fax: 04 3310553
National Bonds offer all participants a safe and credible savings option whilst simultaneously providing people with a unique opportunity to win millions of dirhams in monthly draws.
The scheme which is available to UAE residents and non residents aims to provide people with a unique and innovative Shari'a compliant savings mechanism based on the Islamic principle of Mudaraba. At the end of the financial year, profits made by National Bonds Corporation will be determined and 20% of this amount will be distributed amongst bond holders. The distribution will be according to the number of bonds held by an individual, and for the time period the bonds were held, during the related financial year.
About National Bonds Corporation:
National Bonds Corporation is a private shareholding company. Established in Dubai, UAE in March 2006 National Bonds Corporation is licensed to operate throughout the UAE.
A new initiative, National Bonds Corporation is owned by Dubai Bank, Dubai Holding and Emaar Properties. National Bonds are a Shari'a compliant product with a dedicated Fatwa and Shari'a Supervisory Board to oversee all financial aspects including product related operations and investments.
For more information please contact:
Claire Liddell G2 PR Department
Tel: 04 3310331
Fax: 04 3310553
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
