National Bonds Earns New Recognition for Nurturing Financial Literacy in the UAE

Mohammed Qasim Al-Ali Named ‘CEO of the Year’at Islamic Retail Banking Awards 2015    

Dubai-UAE:18 November, 2015 –Mohammed Qasim Al-Ali, CEO of National Bonds Corporation, the leading Sharia-compliant savings and investments’company in the UAE, has been named ‘CEO of the Year’atthe Islamic Retail Banking Awards 2015.

Organized by Cambridge IFAnalytica, a UK-based Islamic finance intelligence specialist, in conjunction with the 7th World Islamic Retail Banking Conference, the awards ceremony recognized 25 leading corporates and individuals for their distinguished efforts in driving the growth of Islamic retail banking in different categories, which comprise over 70% of the global Islamic financial services industry today.

Al-Ali was recognized as one of theindustry leaders withvisionary outlook for hisability to encourage innovation and ensure customer engagement and satisfaction, as well as the courage to think out of the box. At a time when the culture of consumerism dominates the world, Al-Ali’s efforts in instilling the savings culture in more than 800,000 customers was highly commended. Today, under his leadership, National Bonds is considered apioneering establishment for ethical savings and investments.

Mohammed Qasim Al-Ali, CEO, National Bonds Corporation, said: “I am honoured to receive this prestigious award which we have earned thanks to the innovation and integrity of the team and the sustained support of the Board and shareholders. This recognitionbelongs to each and every employee for their dedicated efforts in motivating people to save with our distinctive products and value add offerings, particularly those who find it highly challenging to save and prepare for a better financial future. 

“The award places greater obligation on my role as a UAE national and as a business leader to nurture and developthe role of retail sukuks as a key contributor to the local economy for ensuring its sustainable growth and the financial well-beingof the community at large.”

To date, investors of National Bonds Corporation have enjoyed cumulative annual returns of 57% from their savings in the Mudaraba pool, while bondholders gained annual returns of up to 4% in 2014.