National Bonds Corporation PJSC is a Sharia

Sharia

Sharia law, is the moral code and religious law of Islam. Sharia is derived from two primary sources of Islamic law: the precepts set forth in the Quran, and the example set by the Islamic prophet Muhammad in the Sunnah. Fiqh jurisprudence interprets and extends the application of sharia to...

 Complaint Saving Scheme, a Dubai

Dubai

Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...

-based private joint stock shareholding company that was established in March 2006 with a paid-up capital of AED

United Arab Emirates dirham

The dirham is the currency of the United Arab Emirates. The ISO 4217 code for the United Arab Emirates dirham is AED. Unofficial abbreviations include DH or Dhs. The dirham is subdivided into 100 ....

 150 million. The Investment Corporation of Dubai holds 50% ownership in the company with each of its local shareholders, comprising Dubai Bank

Dubai Bank

Dubai Bank is an Islamic bank based in Dubai, UAE. Launched in September 2002, the Bank became a Shari’a-compliant financial institution with a focus on the UAE’s Islamic banking sector on January 1, 2007...

, Dubai Holding

Dubai Holding

Dubai Holding is a holding company that belongs to the Government of Dubai . It manages and controls 20 companies, which operate in real estate, hospitality, finance, healthcare, energy, research, education, entertainment, media, internet, tourism and biotechnology...

 and Emaar Properties

Emaar Properties

Emaar Properties , based in the United Arab Emirates, is a Public Joint Stock Company listed on the Dubai Financial Market. Established in 1997 with an initial paid-up capital of AED 1 bn, Emaar Properties is currently the Persian Gulf region's largest land and real estate developer...

, holding 16.6% ownership each. As an investment company, National Bonds Corporation PJSC is licensed and regulated by the UAE Central Bank

Central Bank of the United Arab Emirates

The Central Bank of the United Arab Emirates is the central bank of the United Arab Emirates.-See also:*Economy of the United Arab Emirates*United Arab Emirates dirham*Mohammad Al Gaz-External links:*...

.

Sharia-Compliant

National Bonds Corporation PJSC is a Sharia

Sharia

Sharia law, is the moral code and religious law of Islam. Sharia is derived from two primary sources of Islamic law: the precepts set forth in the Quran, and the example set by the Islamic prophet Muhammad in the Sunnah. Fiqh jurisprudence interprets and extends the application of sharia to...

 compliant company, with a dedicated Sharia Board to oversee all financial aspects, including product-related operations and investments. The Sharia Board is chaired by Dr. Hussain Hamid Hassan, a leading Sharia scholar who is currently presiding the Fatwa

Fatwa

A fatwā in the Islamic faith is a juristic ruling concerning Islamic law issued by an Islamic scholar. In Sunni Islam any fatwā is non-binding, whereas in Shia Islam it could be considered by an individual as binding, depending on his or her relation to the scholar. The person who issues a fatwā...

 and Sharia Supervision Boards of most Islamic financial institutions in the United Arab Emirates

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

, and many others overseas.

Sound investment initiatives

National Bonds Corporation has invested in Taaleem PJSC, an initiative aimed at raising quality standards in the region’s education sector. It is the new brand for Beacon Education that aims to inspire young minds, and help them identify and develop their passions and talents. National Bonds Corporation has also invested in BCS, a Strata Management company specializing in property management, Souk Extra the retail community shopping chain with two branches (Ewan Resident- Dubai & Al Batheen- AlAin) , and in M’sharie, the private equity arm of Dubai Investments.

Strength

National Bonds Corporation PJSC offers the first Sharia

Sharia

Sharia law, is the moral code and religious law of Islam. Sharia is derived from two primary sources of Islamic law: the precepts set forth in the Quran, and the example set by the Islamic prophet Muhammad in the Sunnah. Fiqh jurisprudence interprets and extends the application of sharia to...

-compliant product of its type in the world.
National Bonds is the Sharia-compliant savings scheme of the UAE that provides competitive annual returns on savings and offers the added excitement of weekly and monthly prize draws.
National Bonds is the innovative and most rewarding saving scheme in the region that offers the highest return against any comparable savings scheme offered by any financial institution in the UAE

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

. Annual profit of 3.54% was declared for 2009 to its bondholders, which amounts a 16.64% cumulative profit rate over 3 years.

Financial Highlights

Bondholders enjoyed the highest growth of 16.64% in their profit rate over 3 years.
Opportunity to win 22,250 prizes every month, i.e 5,135 weekly prizes and a monthly prize of AED 1 million on the last Saturday of every month.
Total sales rose to AED 3.79 billion in 2009.