Dubai: More than 10,000 people have bought National Bonds on behalf of their children.
With a commitment to give out annual returns to customers on their deposits, comparable to those offered by bank saving accounts, together with the added possibility of winning cash prizes along the way, National Bonds is proving an attractive savings proposition for parents.
The scheme has been helped with its low barrier to entry. Parents and guardians can participate with as little as Dh100.
"National Bonds is a great way for parents to provide for their children's future. As a low risk savings option that promises growth and allows parents the flexibility to invest as much or as little as they like, National Bonds is a unique financial solution for parents looking to provide for the future or a rainy day," said Nasser Al Shaikh, Vice Chairman and CEO of National Bonds Corporation.
"While children can learn about the importance of saving through National Bonds, parents can find peace of mind in knowing that their child's fund is safe in a Sharia compliant saving scheme. A perfect example of this process is that of our first bond holder who received the bond as a gift on his first birthday."
One-year-old Saeed Mohammad Bin Darwish received the first bond certificate from his father in celebration of his birthday. However, on top of that, National Bonds Corporation awarded the bond holder with free monthly National Bonds equivalent to the original purchase value for the next ten years in commemoration of their first bond certificate issued.
Mohammad Saeed Bin Darwish, Saeed's father said: "The flexibility of purchasing bonds is an extra benefit as I can top up my fund whenever I can afford to or should want to. Few other schemes offer this."
Bonding for life
Priced at Dh10 per bond with a minimum purchase requirement of just Dh100, National Bonds are available at more than 100 distribution points throughout the country or through NBC's website at www.nationalbonds.ae. The first National Bonds draw takes place on the May 6 at the Dubai Financial Market at 7pm.
