National Bonds Gives Away Exclusive Rewards for Minors to Celebrate Eid Al Adha

Dubai-UAE: 8 October, 2014 - National Bonds Corporation PJSC, a pioneer in the UAE for sharia-compliant savings and investment schemes, gave away AED50,000 worth of prizes to 500 minor bond-holders as part of special draws that took place during Eid Al Adha. A further sum of AED15,000 was distributed among 27 orphans at the Development Educational Centre to commemorate the festive season. 

National Bonds’ special minor rewards initiative aims to instill a culture of financial responsibility in its young customers through incentivizing them to save for the future. 

Mohammed Qasim Al-Ali, CEO of National Bonds, said: “The Eid prizes were developed as an initiative for National Bonds to better engage with the community. Educating the young people in our community on the importance of saving at an early age will make them financially responsible and ensure they develop a sound approach towards managing money. At National Bonds, we consider financial literacy and awareness integral to our core objectives. Financial planning for a child’s future requires a long-term, coherent and consistent strategy.”
 
Currently, 110,000 out of the total number of more than 750,000 subscriber base at National Bonds are minor bondholders in a ratio of 56 per cent male and 44 per cent female.
 
National Bonds is licensed and regulated by the UAE Central Bank and provides UAE nationals, as well as residents and non-residents with a credible and safe savings opportunity. Minors can also own National Bonds provided the bonds are purchased by the parent/guardian. Each bond costs AED10, with a minimum purchase of AED100.