National Bonds Corporation offers numerous saving schemes for the nationals and residents of UAE. It also offers safe and credible saving schemes for the non-residents of UAE who are more than 16 years of age. The company is licensed and certified for its operations spreading throughout the United Arab Emirates. The company is Shari'a compliant as a Shari'a Board supervises all the financial matters of the corporation. The Shari'a Board also regulates the products that are related to investments and operations.
Dr. Hussain Hamid Hassan chairs the Shari'a Board. Dr. Hussain Hamid Hassan is a leading scholar of Shari'a and also presides over the Shari'a Supervision Boards of almost all the Islamic financial institutions that are located in the UAE and also in the abroad. Nasser Bin Hassan Al Shaikh is the CEO and Vice Chairman of the National Bonds Corporation.
The national bonds corporation happens to be the first saving scheme offered in the UAE with an alternative opportunity that is compliant to Shari'a. The national bonds can be bought in the units of AED 10 and the minimum purchase can be of 10 Bonds of worth AED 100.
The locations where the national bonds can be bought in the entire UAE are - Dubai, Abu Dhabi, Al Ain, Ajman, Khorfakkan, Fujairah, Sharjah, Ras Al Khaimah and Umm Al Quwain.
According to the recent announcements made by National Bonds Corporation of UAE, the total prize money given in the monthly draw is increased by one million dirhams. The National Bonds along with Amlak Finance PJSC, which is one of the forerunners in financing homes in the UAE, recently launched a service that makes the people to use the national bonds as collateral on properties.
The National Bank Corporation also launched the instant redemption service some time back, through the Emirates Islamic Bank (EIB). This helps the bondholders to redeem their bond value across all the branches of EIB.
