National Bonds Corporation (NBC) today announced that due to popular demand the second National Bonds draw will be held at 9.00pm on Saturday 3rd June and aired live on Sama Dubai TV. The decision follows last month’s successful debut National Bonds draw which generated increased interest in the saving scheme. Saturday’s event will see NBC award another staggering AED 4 million worth of prizes to lucky bond holders.
The draw will create the second National Bonds millionaire and give away another 16,317 prizes to randomly selected bond holders in under ten minutes. The Shari’a compliant saving scheme has witnessed a surge in interest following the debut draw last month with more than 100,000 applications received and over AED 230 million worth of bonds sold since the launch of sales on 18th of March 2006.
Nasser Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation commented, “The first National Bonds draw was a great success and marked the beginning of a new chapter in the history of saving in the UAE. Saturday’s draw will build on this success and help to further establish National Bonds as a credible and flexible Shari’a compliant means of saving, enabling thousands to provide for their future while being entered into monthly draws.”
Saturday’s winning bond numbers will be generated randomly by a standalone computer; each AED 10 Bond has a separate and equal chance of winning one of the 16,318 prizes. The draw is conducted by NBC under the supervision of the Dubai Department of Economic Development and observed by independent international auditors Ernst and Young.
National Bonds winners will be instantly notified via SMS after the draw of their winning bond numbers and prizes, while all 16,318 winning bond numbers will be available on the National Bonds website, www.nationalbonds.ae, under the Bond Tracker section, just two hours after the draw. The winning bond numbers will also be announced to the public on Monday 5th June in a local Arabic newspaper and a local English newspaper with prizes also announced on selected radio and TV stations.
National Bonds draws take place on the first Saturday of each month.
Priced at 10AED per bond and available in a minimum purchase of 100AED, National Bonds offer all participants a safe and credible savings option whilst simultaneously providing people with a unique opportunity to win millions of dirhams in monthly draws.
The scheme which is available to UAE nationals, residents and non residents aims to provide people with a unique and innovative Shari’a compliant savings mechanism based on the Islamic principle of Mudaraba. At the end of the financial year, profits made by National Bonds Corporation will be determined and 20% of this amount will be distributed amongst bond holders. The distribution will be according to the number of bonds held by an individual, and for the time period the bonds were held, during the related financial year.
About National Bonds Corporation
National Bonds Corporation is a private shareholding company. Established in Dubai, UAE in March 2006 National Bonds Corporation is licensed to operate throughout the UAE.
A new initiative, National Bonds Corporation is owned by Dubai Bank, Dubai Holding and Emaar Properties. National Bonds are a Shari’a compliant product with a dedicated Fatwa and Shari’a Supervisory Board to oversee all financial aspects including product related operations and investments.
For more information please contact:
Claire Liddell G2 PR Department Tel: 04 3310331 Mob: 050 4691 345 Fax: 04 3310553 email: [email protected]
