UAE National Khamis Sulaiman Antali is the latest bond holder to see his savings in National Bonds, the Shari’a compliant national savings scheme of the UAE, go up by a million Dirhams.
Antali’s bond ACL712041 won the million-Dirham prize at the eleventh draw held on 3rd March 2007 at the Dubai Financial Market.
The two prizes of AED100,000 each went to UAE National Ali Hassan Al Ali, holder of Bond ABZ 322539 and Roula Sheikh Hassan from Syria, holder of Bond ABR663278.
National Bonds Corporation has given AED44 million in prizes through its eleven draws held so far. More importantly National Bonds has attracted the multinational community of the UAE with the provision of regular saving over a longer period and competitive returns.
Nasser Bin Hassan Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation, said the inaugural year of National Bonds, has been a successful one with more than 300,000 savers subscribing to the bonds so far.
“National Bonds has been a groundbreaking initiative in the UAE for those looking for new saving opportunities, offering a flexible and feasible option. Through our investment initiatives such as Skycourts and Madaares, we have proved we can further the investment options for our bondholders, “said Al-Shaikh.
Salah Al Halyan, a financial expert, who was the guest at the draw, stressed on the advantages of National Bonds as a savings tool. “Having a diverse investment portfolio is very important as it provides you with the benefits of varied saving plans. National Bonds is a good avenue for such diversification and the best part is, it encourages people to save regularly with its highly affordable and flexible plan,” he explained.
Al Halyan added that people must save at least 10 per cent of their income, which will yield considerable results in over 20 years through effective compounding. “National Bonds is a unique saving scheme as it offers competitive annual returns better than those of other savings products, while reaching out to a larger public because they are available in denominations of AED10 with a minimum purchase of only AED100, in addition to the monthly prizes that are offered by National Bonds Corporation. All savers should capitalise on this opportunity,” he concluded.
National Bonds draws take place on the first Saturday of every month and are broadcast live on Sama Dubai TV. The next draw is scheduled for April 07, 2007.
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