National Bonds has distributed 2.9 billion dirhams in profits and prizes since its establishment in 2006.
Transgression Wallet sizea company National Bonds In the UAE, 14 billion dirhams ($3.8 billion) by the end of 2023, and the total number of its new clients increased by 215% in 2023 compared to the year 2022, at a time when it is preparing to launch a savings system fund aimed at investing end-of-service rewards for workers in the private sector.
The value of new investments increased by 25% to 6.4 billion dirhams in 2023 compared to 2022. The company witnessed a 74% increase in the number of digital users in 2023 compared to 2022.
Today, the company revealed that it has reached advanced stages to be among the investment funds that Approved by the Ministry of Human Resources and Emiratisation and the Securities and Commodities Authority, to invest employee savings within the optional alternative system for end-of-service rewards for workers in the private sector, “the savings system.”
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The company stated that it is in the process of establishing the fund, which will invest these funds during the current quarter to be approved by the Ministry of Human Resources and Emiratisation and the Securities and Commodities Authority.
And distributed Instruments National Bank has received 2.9 billion dirhams in profits and prizes since its founding in 2006, with savers receiving returns of up to 5.84% on their savings for the year 2023, while the total rate of returns for savers reached about 4.2%.
National Bonds has opened new savings options for a variety of customers, by offering many programs and products that include:
- “EIBOR Plus”, which is compatible with Islamic law and is a product that uses the reference linked to the “EIBOR” index for an investment period of up to 3 years.
- The “One Million” Savings Plan, which aims to accelerate the achievement of accumulated savings and cumulative profits worth one million dirhams at the end of the savings period.
The “Supplemental Salary” program, designed to help the country’s citizens and residents obtain additional retirement income.
