Dubai: Noor Bank on Saturday announced it has been appointed a distribution agent by National Bonds Corporation (NBC), to extend the availability of the savings programme.
The agreement will enable UAE residents to benefit from the savings scheme’s profit sharing Mudaraba structure whilst enjoying its richest rewards programme, by purchasing National Bonds from any of the 12 Noor Bank branches located in Dubai, Sharjah, Abu Dhabi and Al Ain.
As part of the agreement, National Bonds will also join Noor Bank’s Direct Debit Scheme (DDS) platform recently facilitated by the UAE Central Bank. This will allow Noor Bank to register any National Bonds customer with the DDS without the necessity of him or her maintaining an account with Noor Bank.
