National Bonds

National bonds which is licensed and regulated by the UAE Central Bank is a Sharia complaint savings scheme that provides UAE Nationals and non-residents over the age of 16 with a credible and safe savings opportunity. Each bond costs AED 10 with a minimum purchase of AED 100. National Bonds Corporation PJSC announced the annual profit of 3.78 % for 2010, which is higher than the market average of 0.46% on saving accounts and 2.40% on 12 months fixed deposit accounts. NBC cumulative profit rate of 26.45% over the last five years is among the highest payout in comparison to any other similar savings schemes in the UAE. National Bonds can be purchased at any branches of Al Rostamani International Exchange.

Frequently Asked Questions

1)   1) Who can buy National Bonds?

Everyone. Residents and non-residents can buy National Bonds. However, the minimum age requirement to purchase National Bonds is 16 years unless purchased by a parent/guardian for a minor.

2)   
2) What identification do I need to apply for National Bonds?

If you are a UAE resident, you will be required to produce any of the following valid forms of identification: Passport, UAE Driving License, UAE Labour card, or employment IDs that are issued either by the UAE Government or by a company owned by the UAE Government.

If you are not a UAE Resident, the only acceptable form of identification will be your valid passport.· Where the application is for a minor, identification for both minor and the parent/guardian will have to be provided. 

3) When do I receive my National Bonds certificates?

For cash and credit card purchase made at National Bonds, banks, exchange houses and emirates post offices (cash only), the saving certificates are issued immediately. For cheque purchases, however, issuance of savings certificates takes 5-7 working days for cheque clearing.

4)  
4) How many National Bonds can I buy

You can purchase as many savings certificates as you wish. There is no maximum limit on how much you can purchase. However, the minimum required purchase at National Bonds is AED 100 ie:- 10 units of AED 10 each. 

5)  
5) What are the prizes I can receive from National Bonds

There is a grand prize of AED 1 million every month in addition to 5135 prizes every week. 

6)  
6) How many savings certificates should I hold to be eligible for the draws?

The minimum value of your savings certificates to be eligible for the monthly grand prize of AED 1 million is AED 3000. However, all bondholders are eligible for the 5135 weekly prizes, regardless of the number of certificates held. 

7)  
7) How do I redeem my National Bonds certificates?

     For redemptions AED 10,000 and above, customers will have to call 600 522 279 for seamless service.  For redemptions of AED 10,000 and less, you can get instant cash redemption by visiting some of Al Ansari Exchange, Emirates Islamic Bank , Dubai Bank for the same. Non UAE residents can submit the redemption via calling 0097143631333. The funds are remitted through cheque ( for UAE residents only) or through a direct transfer into the bondholders bank account.

 8  8)Is there a minimum holding period before I can redeem my National Bonds savings certificates?

For cash/cheque purchases, savings certificates must be held for a minimum period of 30 days from the date of issuance before they can be redeemed.