• HSBC

National Bonds doubles public donation at the end of its 'Cry for Help' campaign

  • United Arab Emirates: Monday, August 14 - 2006 at 15:48
  • PRESS RELEASE

National Bonds has doubled the amount that was raised by the public through its 'Cry for Help" Campaign.

The campaign, which was launched on Wednesday 2nd August 2006, was organized to raise funds to help relieve the sufferings of the people in Lebanon.

The total amount raised was in excess of AED 320,000, generated through 16,000 SMS messages after lines closed on Sunday 6th August 2006. The campaign, launched in association with H.H Sheikh Mohammad Bin Rashid Al Maktoum Humanitarian and Charity Establishment, and supported by Etisalat, raised AED 160,000 in just five days and is in addition to direct donations which were deposited into a designated Emirates Islamic Bank Account.

Nasser Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation commented,

"We hope that this initiative will help contribute towards relieving the sufferings of the Lebanese people in these difficult times. It is with this objective in mind that we have decided to respond to the public's generous reply to our humanitarian call, by matching the amount raised, thus doubling it."


Nasser Al-Shaikh added, "National Bonds carries a human mission first and foremost, reflected in its core objective of helping people save for a better future, in a way that is in compliance with Shari'a principles, and rewarding in terms of monthly prizes and annual profit distributions. People are at the core of our mission, not just in the UAE and in Lebanon, but in every part of the world."

National Bond's "Cry for Help" campaign launched on Wednesday 2nd August 2006, gave members of the UAE public the opportunity to make donations to the charitable fund by sending the word "Lebanon" via SMS to 4242. Each SMS raised AED 10 for the thousands of displaced and needy people in Lebanon. Donations were also sent to Emirates Islamic Bank Account number 0020-600000-008.
Nasser Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation. 
Nasser Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation.
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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 Mob: 050 4691 345 Fax: 04 3310553

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