Dubai PR Network, Online Press Release from Dubai and Middle East
Business, Banking and Investments(Banking & Investments)
Filter PR by
‘Enriching Lives Further' - National Bonds Launches New Rewards Program to Strengthen Savings Culture in the UAE
‘Enriching Lives Further' - National Bonds Launches New Rewards Program to Strengthen Savings Culture in the UAE

• Effective May 1, 2013, new structure doubles prizes to include special attention to Females, Minors and Regular Savers
• Monthly awards include AED1 million, two luxurious BMW cars, two gold bars and two student tuition fees 

Dubai-UAE: April 22, 2013 - National Bonds Corporation, the unique UAE leader in Sharia compliant savings and investment schemes, today announced the launch of a new rewards structure effective May 1, 2013, offering all bondholders double the opportunities to win valuable prizes.

Titled “Enriching Lives Further”, the wider initiative that encourages the culture of saving across the UAE retains as its centerpiece the immensely popular one million dirham prize that is drawn in the first week of every month. The reward structure has been expanded to include double the number of weekly awards, which will be distributed across the two categories of UAE Nationals & Expats. These include two luxurious BMW cars and two gold bars to two female bondholders worth AED100,000. In addition, the new structure will provide two scholarships worth AED50,000 to two minor  bondholders.

The new rewards program is the only one in the region that gives away one cash award every minute of every day. Of the corresponding 1,440 daily cash awards valued at AED50 each, 600 prizes will be reserved for bondholders in specific sub-categories: 200 for female bondholders, 200 for minor bondholders and 200 for those bondholders who save regularly via a direct debit arrangement with their respective banks or through their employers.

The new initiative will also benefit participants in the National Bond Employee Saving Program (ESP), which is a first-of-its-kind in the region. ESP enables participating organizations to provide their employees with a reliable payroll deduction platform for building their retirement funds.

Addressing a press conference, Mohammed Qasim Al Ali, CEO of National Bonds Corporation, said: 'The new rewards program is an outcome of the surveys conducted by National Bonds and is based on the priorities of bondholders such as children education, housing, retirement and marriage. Through the new system, we aim to link the rewards offered to our customers' aspirations in life. The new revised structure aligns more closely to the company's objective of reinforcing the habit of saving amongst the people of the UAE, and rewards more extensively those who save with us on a regular basis.”

National Bonds, which is licensed and regulated by the UAE Central Bank, 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.

Posted by : Dubai PR Network Editorial Team
Viewed 9662 times
PR Category : Banking & Investments
Posted on : Monday, April 22, 2013  4:20:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Chair Summary of the Deauville Partnership with Arab Countri...
Next Story : Dubai Investments to Hold 17th Annual General Meeting
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Preparing for a New Post-pandemic Economic Era in Mena [4690-Views]
Code 11.59 by Audemars Piguet – New Tones of Elegance [3948-Views]
Panasonic Jaguar Racing Management Team Discuss Formula E's Return to Racing in Berlin [3772-Views]
Pandora ME for Every Side of You [3743-Views]
“CATRICE” Perfect Look for “Back to the Office” [3083-Views]
Your Guide to Choosing the Right Face Mask [2669-Views]
Newly Launched HONOR 9A Offers Stunning Photography Anytime Anywhere [2501-Views]
Newest LG True Wireless Earbuds Self-clean, Sound Great With Meridian Audio [2472-Views]
Get Summer Ready With Magnitone London! [2267-Views]
TishTash Eid Al-Adha Gift Guide 2020 [2161-Views]
Kristina Fidelskaya - An Escape, With 'La Pause' Spring / Summer 2020 Collection. [2075-Views]
Dubai Well Poised for Growth in New Business Entities' [2034-Views]
Taste the Summer With Wild & the Moon's Latest Menu Drop! [2009-Views]
Wonder Ingredients For Powerful Skincare [2001-Views]
Smash Summer Fitness Goals with 100 Workout Modes on the HONOR MagicWatch 2 [1993-Views]
Nahdi Medical Company Transforms its Financial Management with Infor [1935-Views]
Six Ways LG's Puricare Air Purifiers Can Help Families Improve Air Quality at Home [1898-Views]
Comprehensive Study of Refugee Children's Academic, Social, and Emotional Learning Outcome... [1870-Views]
Dubai Summer Surprises Best Buys - Springfield's Hottest Deals [1849-Views]
The New Season of Master Maserati Programme Gets Underway [1833-Views]
Alstom at Forefront of Hygiene & Safety Innovation for Transport & Mobility in a COVID-19 ... [1796-Views]
70 Percent of Businesses Increase or Maintain Digital Transformation Spend Amid Pandemic, ... [1783-Views]
UAE's First-Ever Fully Sponsored Flight to India [1730-Views]
Three UAE Students Bag Coveted Princess Diana Award for Outstanding Social Initiative [1710-Views]
Hitachi ABB Power Grids Commences Operations [1706-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories