National Bonds announces the biggest draw in the UAE

Published March 24th, 2010 - 12:49 GMT

In celebration of its 4th anniversary, National Bonds Corporation PJSC, the Sharia compliant saving scheme has announced its new mega draw format.

From its present weekly draw structure, National Bonds will be moving on to a weekly and monthly draw format effective 1st April 2010. Having taken the leadership role in promoting the savings culture in the country, National Bonds Corporation PJSC, has now taken a major step towards creating thousands of weekly winners from over half a million bondholders. 

Under the new format, there will be 5,135 prizes every week, which will be distributed across different prize categories – 5 prizes of AED10,000, 10 prizes of AED 5,000, 20 prizes of AED 1,000, 100 prizes of AED 500 and 5,000 prizes of AED 100. Bondholders with a minimum of AED 3,000 or more savings will be eligible for the AED 1 million draw while all bondholders regardless of their savings amount are eligible for all 5,135 weekly prizes.

The weekly draw will continue to be held every Saturday, while the monthly AED 1 million  draw will take place on the last Saturday of each month.

Announcing the new draw format and prize structure, Mr. Mohammed Qasim Al Ali, Chief Executive Officer, National Bonds Corporation PJSC, said: “National Bonds is celebrating its 4th anniversary by announcing more rewards for our loyal customers that will give them an incentive to save even more to secure a better future for themselves and their families. In bringing about these major changes, National Bonds has lived up to its vision of being “Everyone’s Favourite Place to Save and Invest”. As a customer-centric organization, this biggest prize draw of its kind in the UAE also reflects our commitment to addressing customer sentiments and feedback. With our new weekly and monthly draws, we will be rewarding more people, more frequently, introducing a millionaire every month, all this in addition to our competitive annual profit returns”.

Commenting on the new draw structure, Mr. Louis Bruno Rochecouste, Chief Commercial Officer, National Bonds Corporation PJSC, said: “As we look ahead to meeting our goals for 2010, we are justifiably proud of our achievements since inception. National Bonds has time and again added value to the savings experience and this new draw format will reinforce our position as a unique saving scheme that constantly rewards its customers for their enduring loyalty and trust in National Bonds. In addition, National Bonds offers every bondholder individual Takaful cover of up to AED 125,000 at no extra charge.

The new draw format is being introduced just weeks after National Bonds announced that it had recorded positive growth in 2009 in spite of a challenging year including the achievement of an annual profit rate of 3.54 %.

National Bonds recently announced the strategic alliance with Emirates Post, the national postal services provider of the UAE with the aim of enhancing customer convenience. This will enable customers to purchase National Bonds savings certificates from over 100 Emirates Post outlets across the country.

National Bonds are available for purchase in nearly 560 outlets nationwide, that includes exchange houses, banks and Emirates Post offices, which is the largest distribution network for any financial institution. For more information, kindly visit  or call 800-BONDS (26637).

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