Dubai-UAE: 19 June 2013 - National Bonds Corporation (NBC), the unique UAE leader in Sharia compliant savings and investment schemes, announced the first winners in the key categories of its new rewards structure. The revision to the prize program came as part of the scheme's efforts to pay more adequate attention to all segments of the society - locals and residents, as well as females and minors.
The new rewards programme offers over AED26 million worth of prizes annually, including the AED1 million cash prize in the first week of every month, as well as the weekly rewards of two BMW luxury cars, two gold bars dedicated for female bondholders and school tuition fees tailored for two lucky minors. One of these two prizes is earmarked for UAE nationals while the other is awarded to expat residents. Additionally, the new rewards structure offers one cash award of AED50 every minute of every day. Of the corresponding 1,440 daily cash awards, 200 each are reserved for female and minor bondholders while 200 are allocated for subscribers holding a direct debit arrangement with their respective banks or payroll deduction as part of the Employee Savings Scheme.
Mohammed Qasim Al Ali, CEO of National Bonds Corporation, said: 'National Bonds is keen to meet the community's holistic expectations from savings therefore we particularly seek their opinion through periodic surveys. This approach has resulted in the implementation of the new rewards programme that covers specific segments of the society.'
Winner of the first AED1 million draw under the restructured programme, Emirati M.S.M, said: 'I started saving with National Bonds two months ago, with two purchases that brought the value of my holding to about AED150,000. I received the wonderful news from a National Bonds representative while I was at work. It was such a pleasant surprise! Using this award, I will build a house for my family – a life time aspiration.'
Hakima Asad, a Pakistani national and winner of the expatriate gold bar prize, said: “I was exhilarated to receive the news of winning the gold bar from National Bonds in its latest rewards scheme. I am a house wife and have been a bondholder for more than five years. I have been conscious about topping my account every six months on an average. I am certainly grateful to National Bonds for continuously working to improve its offerings and rewards in order to motivate the community's saving efforts. Naturally I recommend everyone to invest with them as I believe there is no better saving tool than buying more National Bonds and hoping to hit the jackpot.”
Pakistani national Beinish, mother of student tuition fee prize winner Ferial, said: 'I started saving with National Bonds over six years ago. However, we began saving for my daughter in early 2013. We are very happy with the new rewards programme, which prioritises education for minors, offering tuition fees while dedicating 200 daily prizes to this category.'
National Bonds also offers the 'Employee Savings Scheme' as a first-of-its-kind offering in the region providing employees with the opportunity to save a portion of their salary each month. Subscribers to the scheme will also be entitled to the benefits offered by National Bonds, including weekly and monthly draws, the grand prize of AED1 million plus the annual competitive profit.
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, provided the bonds are purchased by the parent/guardian. Each bond costs AED10, with a minimum purchase of AED100.