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National Bonds moves to new draw format

Dubai, March 24, 2010

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

From its present weekly draw structure, National Bonds will be moving on to a weekly and monthly draw format effective April 1.

Under the new format, there will be 5,135 prizes every week, which will be distributed across different prize categories – 5 prizes of Dh10,000, 10 prizes of Dh5,000, 20 prizes of Dh1,000, 100 prizes of Dh500 and 5,000 prizes of Dh100. Bondholders with a minimum of Dh3,000 or more savings will be eligible for the Dh1 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 Dh1 million draw will take place on the last Saturday of each month.

“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,” said Mohammed Qasim Al Ali, chief executive officer, National Bonds Corporation.

In addition, National Bonds offers every bondholder individual Takaful cover of up to Dh125,000 at no extra charge.

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.

National Bonds are available for purchase in nearly 560 outlets nationwide, that includes exchange houses, banks and Emirates Post offices.-TradeArabia News Service




Tags: UAE | banking | investment | finance | National Bonds | Savings |

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