National Bonds presented AED 1 million to the fifth National Bonds monthly draw winner. Mr. Rafiullah Khan from Pakistan and holder of winning bond number AAB351856, purchased National Bonds worth AED 10,000.
Mr. Rafiullah Khan said, “I invested in National Bonds because it is Shari’a compliant. For me this was an important factor and I believe that National Bonds is a safe and secure means of saving for the future. It is the only Shari’a compliant scheme of its kind that provides good annual returns as well as offering monthly prizes whilst saving for my family.”
Mr. Rafiullah Khan, who has been a resident of Dubai for 13 years is employed by a local airline and is married with a one year old daughter, will use his winnings to provide for his family’s future and pay off family debts. Mr. Khan will also donate some of his winnings to needy people in Pakistan as well as reinvesting AED 300,000 back into National Bonds.
Mr. Khan continued: “I encourage all people to participate in this national saving scheme as it is a flexible and Shari’a compliant product which is easily accessible and safe.”
The draw which was held at Dubai Financial Market on Saturday 2nd September 2006 was broadcasted live on Sama Dubai TV.
Nasser Al Shaikh, Vice Chairman and CEO of NBC commented, “We have seen winners of various nationalities emerge from all five draws. One thing they have in common is that National Bonds will help them save for a better future. We have so far awarded over 81,000 prizes to bondholders and we look forward to creating more winners every month”
Future National Bonds draws will take place every first Saturday of each month with the next draw being scheduled to take place on the 7th October 2006.
About National Bonds
Priced at 10AED per bond and available in a minimum purchase of 100AED, National Bonds offer all participants a safe and credible savings option whilst simultaneously providing people with a unique opportunity to win millions of dirhams in monthly draws.
The scheme which is available to UAE residents and non residents aims to provide people with a unique and innovative Shari’a compliant savings mechanism based on the Islamic principle of Mudaraba. At the end of the financial year, profits made by National Bonds Corporation will be determined and 20% of this amount will be distributed amongst bond holders. The distribution will be according to the number of bonds held by an individual, and for the time period the bonds were held, during the related financial year.
About National Bonds Corporation
National Bonds Corporation is a private shareholding company. Established in Dubai, UAE in March 2006 National Bonds Corporation is licensed to operate throughout the UAE.
A new initiative, National Bonds Corporation is owned by Dubai Bank, Dubai Holding and Emaar Properties. National Bonds are a Shari’a compliant product with a dedicated Fatwa and Shari’a Supervisory Board to oversee all financial aspects including product related operations and investments.
