National Bonds Launches Instant Savings Service ‘Sukuk Express' via 1,000 Self Service Machines in UAE

Journey to Financial Health More Accessible through New Channel

Dubai-UAE: 08 April, 2015 - National Bonds Corporation, the leading sharia-compliant savings and investments company in the UAE, has launched ‘Sukuk Express’, a new service that allows customers to deposit up to AED20,000 daily in their National Bonds accounts via 1,000 quick payment machines that have been installed across the country, including the borders and remote areas.

Designed and installed by MBME (The Cube), a market leader in kiosk and self-service payment solutions, the new strategic partnership complements National Bonds’ plan to expand its distribution network comprising of 1,700 distribution centers that have been established in cooperation with leading money exchange centers and local banks.

Hani Hussein, Chief Operating Officer at National Bonds Corporation, said: “At National Bonds, we consider it a core priority to boost the culture of savings in the UAE and encourage our customers to stay committed to financial planning. The quick payment machines are efficient, safe, easy to use and enable customers to deposit up to AED20,000 daily in their National Bonds accounts.”

Ahmed Bibars, Executive Director of Retail & Distribution at National Bonds, said: “We are keen to provide our customers with access to smart services that save them time and effort and help them put in place a regular financial saving process regardless of where they are located. Our efforts are also aligned with the UAE's vision to offer the highest levels of customer service by continually developing innovative ideas to meet the dynamic demands of the new generation customer.”

The Sukuk Express service is one of many initiatives planned by National Bonds to extend convenient and hassle-free saving methods to the community.

According to the results of the National Bonds Savings Index 2014, 77% of participants surveyed felt their savings were insufficient for the future. However, this percentage reflects a noticeable improvement over 2013 when 86% of participants made the same observation.

The National Bonds Savings Index 2014 further states that 29% of financial savers in the UAE saved less than they had initially planned. Given this scenario, National Bonds works to remove challenges and help customers remain committed to their plans.