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Saturday, November 28 - 2009

National Bonds Corporation launches "Cry for help" to relieve Lebanese suffering

  • United Arab Emirates: Wednesday, August 02 - 2006 at 09:31
  • PRESS RELEASE

In response to the tragic events befalling Lebanon, National Bonds Corporation (NBC) today launched "Cry for help" to raise funds to relieve the suffering of the Lebanese people.

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  • Nasser Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation
    Nasser Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation
In association with H.H Sheikh Mohammed Bin Rashid Al Maktoum Humanitarian and Charity Establishment and supported by Etisalat

NBC has joined hands with H.H Sheikh Mohammad Bin Rashid Al Maktoum Humanitarian and Charity Establishment to mount a humanitarian effort which allows the people of the UAE to donate money.

From Wednesday 2nd August 2006, members of the UAE public can make donations to "Cry for help" by sending the word "Lebanon" via SMS to 4242. Supported by Etisalat, each SMS will raise AED 10 for the thousands of displaced and needy people in Lebanon. Donations can also be sent to Emirates Islamic Bank Account number 0020-600000-008. Donation lines will close on Sunday 6th August 2006 at 10:00pm. The amount raised, till date, will be revealed live on Sama Dubai TV on Saturday 5th August 2006 during the fourth National Bonds draw.

Nasser Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation commented, "The tragic events in Lebanon has saddened our hearts and moved us into action. Our thoughts are with our brothers in Lebanon who have endured great suffering and are in desperate need of humanitarian aid"

Nasser Al-Shaikh continued, "We call on the people of the UAE to join us in this humanitarian effort to help the Lebanese people during this devastating time. We have already witnessed great acts of generosity from the UAE public and now we call upon their support for "Cry for help" to further relieve the suffering."

H.H Sheikh Mohammad Bin Rashid Al Maktoum Humanitarian and Charity Establishment provide contributions to needy people within the UAE and all over the world.
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Notes and media contacts

About National Bonds

Priced at 10AED per bond and available in a minimum purchase of 100AED, 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

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