National Bonds Corporation Wins ‘Best Savings Account for 2014' at Banker Middle East Product Awards in Dubai

Dubai-UAE: 26 March, 2014 - National Bonds Corporation (NBC), the leading shari’a-compliant savings and investments company in the UAE, has scooped the gong for ‘Best Savings Account for 2014’ at the Banker Middle East Product Awards, hosted by publishers CPI Financial.

The annual Banker Middle East UAE Products Awards recognize innovative and high performing banking and financial products and services. 

National Bonds Corporation won the award for its unique savings program that registered 23% increase in the number of bondholders and distributed 515,223 prizes totaling AED49 million from the company’s own funds (the Mudareb) as daily, weekly, monthly draws – equaling up to 2.89% combined annual returns - for  2013.

Mohammed Qasim Al-Ali, CEO of National Bonds Corporation, said: “We are pleased to receive this industry distinction that reaffirms our progress in the right direction as we continue to innovate our value offerings to ensure the best dividends for our bondholders. We understand that the inability to save due to financial limitations or lack of awareness is a cause for concern to a considerable number of people worldwide. As one of the leading investment companies in the region, NBC seeks to make regular savings a compulsive habit through incentivizing bondholders with our rich rewards program.” 

Al-Ali added: "National Bonds Corporation will continue to provide the best savings solutions and investment opportunities to its 740,000 customers that will augment the efforts of the government in strengthening the concept of an Islamic economy. We also remain committed to offering a safe and sustainable savings environment that bolsters the financial wellbeing of our bondholders and their families.”

National Bonds, which is licensed and regulated by the UAE Central Bank, provides UAE nationals, UAE residents and non-residents with a credible and safe savings opportunity. Minors can also own National Bonds certificates, provided the bonds are purchased by their parent/guardian. Each bond costs AED10, with a minimum purchase option of AED100.