What are national bonds in UAE?

The company is 100% owned by the Government of Dubai, ICD (Investment Corporation of Dubai). National Bonds Corporation (“NBC”) is a savings and investment company in the UAE, established in March 2006. The company provides UAE nationals, residents, nonresidents, and corporations an opportunity to build and fortify their savings and investments. It is structured as a private joint stock company with a single shareholder. The UAE government plays a pivotal role in wealth creation in the country. It facilitates private ventures that create employment opportunities and runs its investment schemes for the general public. For example, National Bonds UAE is a Dubai government-owned organization that allows everyone to invest and benefit financially. 

COMPLETE GUIDE TO NATIONAL BONDS UAE 

The organization that issues National Bonds is ICD (Investment Corporation of Dubai), a sovereign wealth fund of the Dubai Government. In many ways, this takes away the risk factor as the company is the principal investment arm of the government. As a result, investors trust the process and are confident that their money will be safe. If you are looking for a safe option to add to your investment portfolio, here is what you need to know about the National Bonds UAE and their offerings. National Bond benefits National Bonds has introduced a reward program to make investments more exciting. The organization gives away rewards worth AED 35 million every year. Its wide range of exclusive prizes includes a grand AED 1 million prize for two lucky winners every three months and 423,408 dedicated prizes for minors, ladies, individual savers, and regular savers. With further rewards at fixed weekly or monthly intervals, this program continuously encourages investors. 

National bonds redemption

 For redemptions of up to AED 25,000 (based on your account holding), you can apply for instant cash redemption online or by calling 600 522279. Then you can collect the funds by visiting select Al Ansari Exchange House branches. Learn more about Instant Redemption. Alternatively, you can call 600522279 to redeem through cheque (for UAE residents only.) Non-UAE residents can submit the redemption form via calling Tel: + 971 4 3848000 and receive the funds via bank transfer.

A redemption request can be made by calling the National Bonds’ call centre or logging in to your account on the website/mobile app, followed by proper verification and authentication. For instant redemption requests, available at select Al Ansari Exchange branches, distributor charges will be deducted from the amount. In the case of cheque redemption, courier charges will apply if this delivery option is selected. Nonresident customers can submit the redemption form by calling + 97143848000 and receive the funds via bank transfer. You can redeem it through the APP or website. 

How can I buy bonds in uae?

 Eligibility Criteria for UAE National Bonds You can purchase bonds online at www.nationalbonds.ae or via our number 600 522 279 by calling our direct sales team or visiting the National Bonds office. Here are the eligibility criteria for purchasing a National Bond Certificate. 

• The investor must be a UAE resident with a valid Emirates ID or a passport with a residency visa. 

• The investors must be 21 years of age or above. 

• In the case of minors, a legal guardian/parent can purchase certificates on their behalf. 

• For investors residing abroad, a valid passport with an entry stamp is mandatory. 

Documents Required to Purchase UAE National Bonds

UAE Nationals: Emirates ID – Original and a Copy

UAE Resident’s: Emirates ID or a true passport copy with a valid Residency Visa Page/Entry Stamp

How and Where to buy UAE National bonds in Dubai?

The most common place to find a bond is at the post office. Apart from post offices, there are 700+ places in UAE where you can purchase these bonds. To make it easier for the people, the Government of UAE also allows the online purchase of national bonds. These bonds can be purchased on www.nationalbonds.ae, where you can purchase as many as you wish. There is a minimum investment requirement of 100 AED, where you can get ten bonds valued at AED 10 or even a single bond valued at 100 AED. However, there is no upper limit, and you can purchase a bond of any amount greater than 100 AED. Profit Rates: The investment made in NBC will be utilized by the company to make profits. Finally, the profit will be shared among the investors.

The interest rates in UAE, which will be offered to the investors, would vary yearly. The profit rates keep rising as you extend the tenure of your bonds by the end of a year, which is like “The longer you save, The more you gain”. There is a minimum time requirement for an investor to hold a bond; this is set at three months, and the investor gets 40% of the annual interest after withdrawing by the end of the third month. 

How to invest in national bonds in UAE?

Here’s the list of products offered by National bonds to individuals 

• Saving Bonds: Regular savings scheme that starts at AED 100. 

• The Global Savings Club: National Bonds partnered with the Dubai Quality Group. A customizable savings plan is provided. 

• Accelerated Savings Plan: Cumulative savings plan can expect up to 10% bonus per annum. Requires a minimum investment of AED 200. 

• myPlan: Simple savings plan which requires AED 100 as an investment per month 

• The Payout: A 2-year plan with a monthly profit payout. 

• Pledging Scheme: You can pledge your Sukuk bonds and get up to 90% of the value as a finance 

• 2-Year Booster: Earn up to 6% profit rate for a 2-year investment plan starting at AED 10,000. 

• Advance Booster: Earn up to 12% profit rate for a 4-years investment plan which starts at AED 10,000. 

• Tejouri: Exclusive savings account for UAE Nationals. 

• The USD Certificates: One-year investment opportunity where the investor can invest in US Dollars with a 30-day lock-in period. You can expect about 2.5% per annum profit rates. 

• Booster 10: Earn up to 10% profit rate for a 3-year investment plan which starts at AED 10,000. 

• Gift Vouchers: You can gift AED 100 – AED 25,000 gift vouchers to friends or family. How can I buy national bonds in uae? Go to the website or download from the app store National bonds and signup, and after account approval, start buying. There is no upper limit to the number of bonds you can buy. However, the minimum purchase value is set at AED 100.