National Bonds embraces spirit of Ramadan with food drive

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CORONAVIRUS IMPACT

  • National Bonds partners with Bait Al Khair to support local community
  • National Bonds distributes Iftar meals among  labour camps

National Bonds, the Sharia-compliant National savings scheme of the UAE, has undertaken various charitable initiatives to help the needy in conjunction with the Holy month of Ramadan.

National Bonds has aligned with Bait Al Khair charity organisation in donating food vouchers to members of the local community registered with Bait Al Khair. This month-long campaign will offer 550 families with vouchers worth AED 500 each. These vouchers can be redeemed at any of the approved list of retail chains such as Union Co-operative, Lulu Hypermarket and Madina Supermarket, across the UAE.

In addition, over 3500 construction workers were provided with Iftar meals in a week-long activity at the Al Quoz labour camps. “The month of Ramadan is where alms are given to those that need them most, and National Bonds is committed to the spirit of sharing to help bring about equal opportunity within our society,” said Mohammad Qasim Al Ali, CEO of National Bonds Corporation. “Ramadan is a time for reflection and thinking of others. With special consideration to the rising costs of commodities such as food, this Ramadan we wanted to give something back to both the local and expatriate communities alike,” he added.

National Bonds is a simple and safe savings scheme that offers the excitement of five million dirham monthly draws plus high expected annual returns (6.03 per cent in 2007). All these aspects have made National Bonds everyone’s favourite place to save. The Investment Corporation of Dubai (the investment arm of Dubai Government) owns 50 per cent of National Bonds while the rest is owned by leading Dubai Inc. companies.

National Bonds can be purchased from over 320 outlets nationwide, including exchange houses and banks. These include Emirates Islamic Bank, Dubai Islamic Bank, Sharjah Islamic Bank, Dubai Bank and exchange houses: Al Ansari, Al Fardan, Al Ghurair, Redha Al Ansari, Al Rostamani International, UAE Exchange, Wall Street Exchange, Lari Exchange, Saad Exchange and Habib Exchange. In addition, National Bonds can be purchased online at www.nationalbonds.ae

For more information on National Bonds, please visit www.nationalbonds.ae or call Toll Free 800-BONDS (26637).

About National Bonds Corporation:

A private shareholding company, National Bonds Corporation is a Dubai-based entity that was launched in March 2006. The Government of Dubai holds a 50 per cent ownership in the company with each of its local shareholders, comprising Dubai Bank, Dubai Holding and Emaar Properties, holding 16.6 per cent ownership respectively. National Bonds Corporation is Sharia compliant, with a dedicated Sharia Board to oversee all financial aspects, including product-related operations and investments.

About National Bonds:

National Bonds is the National Saving Scheme of the UAE that provides UAE nationals, UAE residents and non-residents over the age of 16 with a credible, safe and Sharia-compliant savings opportunity.  Minors can also own National Bonds, provided the bonds are purchased by the parent/guardian. Each bond costs AED 10, with a minimum purchase of AED 100; bonds are available in over 200 outlets across the UAE.

National Bonds offers all participants the opportunity to win up to AED 1 million in monthly draws. The programme is based on the Islamic principle of Mudaraba, whereby at the end of the financial year 20 per cent of the profits made by the National Bonds Corporation (NBC) will be distributed among bondholders.

For further information, please contact:
Sudha Hemmad /Anusyia Nathan/Mohammed Daggamseh
ASDA’A Public Relations
Exclusive Affiliate of Edelman, Middle East & North Africa
Tel: +971-4-3344550
Fax: +971-4-3344556
E-mail: / a.nathan@asdaa.com / s.hemmad@asdaa.com /m.daggamesh

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