Everything You Need to Know About National Bonds in UAE

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National Bonds UAE

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National Bonds are a type of savings account without any no minimum fee requirements. The key aspect of these National bonds is that they offer a wide range of investment options and personal saving plans for all income levels. In Dubai, there is an organisation named National Bonds Corporation Sole Proprietorship P.S.C that offers Islamic financial investment products and services to a massive base of high-net-worth individuals, retail customers, and business corporations.
One of the most prominent National Bond products is a unique Sharia-compliant Mudaraba based Savings Scheme. However, there’s more in the store for all types of clients. Keep reading to know about some more UAE National Bond products available for individuals.

Top Products of National Bonds UAE

Here is a list of products offered by National Bond in UAE.

National Bonds Products What they Offer
Sukuk Al Waqf
  • Timed WAQF of 1, 3, or 5 Years
  • Permanent or timed WAQF options
  • Semi-Annual distribution to AWQAF
  • AED 1 Million and 12 Tesla cars draw
  • Projects – Education, Health, Community, Social Affairs
Savings Bonds
  • A minimum investment of AED 100
  • Available in units of AED 10
The Global Savings Club
  • AED 35 Million Reward program
  • Customised Savings Plans
  • Global Savings Club Certification
  • Dedicated Relationship Manager
  • Wealth Accumulation via investment programs
  • Monthly savings plans between AED 6,500 and AED 100,000
Accelerator Savings Plan
  • Expected Bonus of up to 10 per cent per annum
  • AED 35 Million Reward Program
  • Minimum balance fee waiver
myPlan
  • Plenty of rewards in the future for saving today
The Payout
  • Competitive returns of 8 per cent per annum
  • Lucrative Reward Programs
  • Monthly Profit Payout
  • Flexibility to Redeem
  • AED 1 Million and luxury cars draw
Pledging Scheme
  • Financing of up to 90 per cent in bond value
  • Flat Financing rate of 3.49 per cent
  • Up to AED 10 million in financing
  • Tenor of up to 48 months
2-Year Booster
  • Up to 6 per cent profit on two years maturity
  • 30-day lock period
  • Flexibility of early redemption
  • Complete Capital Protection
  • Investment opportunities starting from AED 10,000
Advance Booster 12%
  • Annual profit of 3 per cent
  • Profit rate of 12 per cent in four years
  • Flexibility of early redemption
  • Investment opportunities starting from AED 10,000
Tejouri
  • AED 1 million prizes for four winners every year
  • Nissan Patrol for four winners every year
  • ‘Tesla Model 3’ prizes for 12 winners every year
  • AED 5,000 for 144 winners every year
  • AED 500 for 1080 winners every year
  • AED 50 for 136,836 winners every year
The USD Certificates
  • Quarterly Profit Payout
  • Expected profit of up to 2.5 per cent per annum
  • 30-day lock period
  • Investment opportunities starting from USD 100,000
Booster 10
  • Profit rate of up to 10 per cent in just three years
  • Investment opportunities starting from AED 10,000
  • 30-day lock period
  • 8 Millionaire and 16 luxury cars draw every year
  • Sharia-compliant Mudaraba Agreement
  • Capital Protection according to Fatwa
Gift Vouchers
  • Gift vouchers ranging from AED 100 to AED 25,000

Sukuk Al Waqf:

Sukuk Al Waqf is an advanced endowment plan allowing investors to place their contribution into their savings account and get the profits transferred directly to a project of their choice. With the minimum contribution amount of AED 1,000, this plan is accessible to individuals of almost all income levels.

Savings Bonds:

With a minimum investment of AED 100, investors can make use of these Savings Bonds Certificates to start saving. Besides satisfactory yearly profits, this bond also includes Reward Programs. Flexibility is a notable aspect associated with it, as this bond allows investors to alter their saving amount as per their financial preferences. Only individuals above the age of 21 years are eligible for the investment in UAE.

The Global Savings Club:

These are the bonds launched by the company in partnership with the Dubai Quality Group to develop a culture of savings among employees and offer them a much-required peace of mind. 

Accelerator Savings Plan:

This is one of the National Bonds products known for boosting investors’ savings and helping them fulfil their dreams. More than just being about the money, this plan also includes benefits like a bonus of up to 10 per cent per annum, cumulative savings, access to AED 35 million reward programs, etc.

myPlan:

If you choose to pay for yourself today, this exciting National Bonds product cheers you up with extra money. It is simply a monthly direct debit transaction that brings plenty of rewards. One can easily opt for the plan by submitting a filled out Direct Debit Form to the allocated Relationship Manager.

The Payout:

Payout by National Bonds in UAE allows you to invest your money and get benefits like profitable reward programs, competitive returns rates of up to 8 per cent, monthly profit payout, access to luxury cars and AED 1 million draw, etc. Your capital is protected by this plan as per the National Bonds Mudaraba structure.

Pledging Scheme:

With a flexible tenor of up to 48 months, this Sharia-compliant financing National Bonds product offers a financing rate of 3.49 per cent and a financing limit that goes up to AED 10 million. The notable aspect here is that the investors can sign in to the product as an institution or individuals. 

2-Year Booster:

As the name suggests, the 2-year booster offers returns of up to 6 per cent after completing maturity at the 2-year mark. For a minimum investment of AED 10,000, this national bond provides multiple benefits like a convenient 30-days lock period, complete capital protection, investment certificates, early redemption, and more.

Advance Booster 12%:

This national bond provides an excellent benefit of returns in advance for the four-year term every year. The annual return rate is 3 per cent, which makes it 12 per cent in four years. The minimum investment in the bond is AED 10,000.  Some of its benefits include early redemption, attractive return rates, better investment opportunity, etc.

Tejouri:

Tejouri is a type of Sharia-compliant savings account offering the best savings solutions with a vast range of promotional programs. The dedicated prizes offered by this bond include four yearly prizes of AED 1 million and Nissan Patrol, and 144 yearly prizes of AED 5,000. However, only UAE nationals are eligible to purchase this bond.

The USD Certificates:

The bond offers an opportunity to earn an attractive amount of profit on a quarterly distribution basis. With availability even in dollars, this bond significantly encourages foreign currency investment. The investment options in this bond come without any subscription or early redemption fee.

Booster 10:

This is another National Bond with a quarterly profit payout feature, with its best part being the flexibility to redeem it any time after completing the 30-day lock period. The investment benefits of this bond include zero subscription and early redemption fees.

Gift Vouchers:

If you wish to buy something for your loved ones, this National Bond gives allows you to purchase gift vouchers between AED 100 and AED 25,000 as per your financial preferences.

Top Services of National Bonds UAE

Given below is a list of services offered by National Bond in UAE.

National Bonds Services

What they Offer

Direct Debit

  • Reward categories of AED 50, AED 500, and AED 5,000 with a total of 69,240 prizes
  • Minimum direct debit amount of AED 100
  • Electronically conducted draws

Redemption

  • Bonds linked with savings accounts have a locking period of 30 days
  • Bonds linked with credit cards have a locking period of 90 days

Thara’a

  • A labour saving program
  • Fixed Annual Returns
  • Exciting Rewards Programs

Mobile App

  • An all-in-one savings hub
  • Anytime access to your portfolio, monthly prize draws, savings plans, latest promotions, and more

Sukuk Express

  • Anytime access to Cube Kiosks
  • Bonds of up to AED 20,000
  • Hassle-free top-ups

Referral Contractors

  • Referral bonus reward with each client investing AED 200,000 or more

Direct Debit

With your chosen National Bond, you can now sign up for direct debits with a minimum amount of AED 100 per month. With this service, you can enter the exclusive draws of 69,240 prizes in total with more chances to win per bond. For instance, a bond with up to 11 payments gives you two chances per bond. On the other hand, those with 12 to 23 payments come with 3 chances per bond, and 24 and more payments give you an opportunity of taking four chances per bond.

Redemption

National Bonds offer perfect savings plans having the flexibility of early redemption. However, you need to make sure that the locking period is over when applying to redeem one. The redemption can easily be done by logging into the organisation’s website or mobile app.

Thara’a

Thara’a is a labour saving program introduced by MOHRE (The Ministry of Human Resources and Emiratisation). National Bonds went into a strategic agreement while launching the program to encourage labourers to build a stable future by saving a fixed amount every month. The benefits of the service include fixed annual returns and a chance to win exciting rewards.

Mobile App

National Bonds has introduced an all-in-one savings hub in the form of an advanced mobile app that gives you anytime access to your portfolio, monthly prize draws, savings plans, latest promotions, and more in a few taps.

Sukuk Express

With Sukuk Express, you can visit any of the Cube Kiosks to avail of services like hassle-free top-ups, bonds of up to AED 20,000, etc.

Referral Contractors

If you are someone who would like to spread awareness regarding investments, you can use Referral Contractors, which is a National Bonds referral program allowing you to encourage your friends to start saving. With this program, you can sign up as an independent contractor and recommend National Bonds products to other potential customers. There are ample benefits for you as well, as you get a referral bonus reward for each client who invests a minimum amount of AED 200,000.

Historical Profit Rates of National Bonds UAE

National Bonds utilise the amount invested by customers to make profits and distribute the same among investors. The interest rates offered by investors by National Bonds UAE may vary every year. However, one thing remaining common is that if you extend the duration of your investment tenure, you can always get higher profits at the end of every year.

Each National Bond product has a locking period that has to be completed before you withdraw the invested amount. The minimum time for holding a National Bond product is 3 months, where you can get 40 per cent of the yearly interest after the redemption.

National Bonds Profit Rates 2020 Returns

Bonds Value Profit Earned
Greater than AED 1 Million 3.98 per cent
AED 350,000 to AED 1 Million 2.91 per cent
Regular Bonds 1.74 per cent
Minors Holding (more than AED 5,000) 2.29 per cent
Ladies Holding (more than AED 5,000) 2.28 per cent
UAE Nationals holding (more than AED 5,000) 2.73 per cent

National Bonds Profit Rates Yearly Report

Year Type of National Bond Profit Earned
2014 Regular Savings Bonds 1.20 per cent
2015 Regular Savings Bonds 1.76 per cent
2016 Regular Savings Bonds 1.76 per cent
2017 Regular Savings Bonds 2.82 per cent
2018 National Bonds expecting a higher profit of around 4 per cent from the money invested in real estate projects including Satwa and Reem Island
2019 Regular Savings Bonds 2.09 per cent
2020 Regular Savings Bonds 1.74 per cent

Reward Programs of National Bonds UAE

National Bonds has introduced a reward program to make the investments more exciting. The organisation 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.

New Rewards Program

Reward Number of Winners
AED 1 Million 8 Winners
Nissan Patrol (Exclusively for UAE Nationals) 4 Winners
Tesla Model 3’ 12 Winners
AED 5,000 384 Winners
AED 500 3,000 Winners
AED 50 420,000 Winners

Rewards Program for Expats

Rewards Details
AED 1 Million When – First Monday of January, April, July, and October
Who – 1 Expat/Non-Resident
How – Minimum AED 25,000 Savings Bonds or an active Regular Savings Plan
AED 5,000 When – First Monday of every month
Who – 1 Female, 1 Minor, 6 Regular Savers, and 12 Individual Savers
How – Minimum AED 5,000 Savings Bonds or an inactive Regular Savings Plan
Tesla Model 3’ When – First Monday of every month
Who – 1 Expat/Non-Resident or UAE National
How – Minimum AED 5,000 Savings Bonds or an inactive Regular Savings Plan
AED 500 When – First Monday of every month
Who – 10 Female, 10 Minor, 40 Regular Savers, and 100 Individual Savers
How – Minimum AED 5,000 Savings Bonds or an inactive Regular Savings Plan
AED 50 When – First Monday of every month
Who – 2,000 Female, 2,000 Minor, 3,500 Regular Savers, and 16,000 Individual Savers
How – Minimum AED 1,000 Savings Bonds or an inactive Regular Savings Plan

Rewards Program for UAE Nationals

Rewards Details
AED 1 Million When – First Monday of January, April, July, and October
Who – 1 UAE National
How – Minimum AED 25,000 Savings Bonds or an active Regular Savings Plan
Nissan Patrol When – First Monday of February, May, August, and November
Who – 1 UAE National
How – Minimum AED 25,000 Savings Bonds or an inactive Regular Savings Plan
Tesla Model 3’ When – First Monday of every month
Who – 1 Expat/Non-Resident or UAE National
How – Minimum AED 5,000 Savings Bonds or an inactive Regular Savings Plan
AED 5,000 When – First Monday of every month
Who – 1 Female, 1 Minor, 4 Regular Savers, and 6 Individual Savers
How – Minimum AED 5,000 Savings Bonds or an inactive Regular Savings Plan
AED 500 When – First Monday of every month
Who – 10 Female, 10 Minor, 20 Regular Savers, and 50 Individual Savers
How – Minimum AED 1,000 Savings Bonds or an inactive Regular Savings Plan
AED 50 When – First Monday of every month
Who – 1,000 Female, 1,000 Minor, 2,200 Regular Savers, and 7,300 Individual Savers
How – Minimum AED 1,000 Savings Bonds or an inactive Regular Savings Plan

Eligibility Criteria for UAE National Bonds

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 on it is mandatory.

Documents Required to Purchase UAE National Bonds

These are the documents required when purchasing UAE National Bonds.

Types of Applicants Documents Required
UAE Nationals Emirates ID – Original and a Copy
UAE Residents Emirates ID or a true passport copy with a valid Residency Visa Page/Entry Stamp
Minors (UAE Nationals/Residents) An identification document for the minor and the father/legal guardian - Emirates ID or a true passport copy with a valid Residency Visa for the father/legal guardian
Visitors/Non-Residents A true passport copy with a valid Residency Visa
Minors (Visitors/Non-Residents) An identification document for the minor and the father/legal guardian - a true passport copy with a valid Residency Visa for the father/legal guardian

How to Get a National Bonds in UAE?

You can get National Bonds in UAE with some of these ways.

Emirates Post Offices

One of the most common ways to get a National Bonds is to visit a post office and fill out the application form. Just make sure that you submit the form with all the essential documents attached. You will be required to pay the amount via cash or cheque. However, it is important to note that while National Bonds Certificates are issued immediately for cash purchases, it takes five to seven working days for the certificate to be issued in case of cheque purchases.

National Bonds Website

If you plan to buy a National Bonds online, you can visit the official website of the National Bonds Corporation. The process is mostly the same, as you will need to fill out the application form on the website and submit it with all the necessary documents attached. You can pay the purchase amount via cheques, bank transfers, or standing orders. Again, the similarity is there with the offline method. For cash purchases, the National Bonds Certificates are issued immediately. On the other hand, for cheque purchases, it takes five to seven working days for the certificate to be issued.

National Bonds Office

You can always directly visit the National Bonds office and purchase your chosen National Bonds product. Just like the online process, fill out the application form at the office and submit it with all the required documents. For cash purchases, the National Bonds Certificates are issued immediately, while five to seven working days are taken for issuing the certificate in case of cheque purchases.

Exchange Houses

There are several exchange houses in the UAE providing the facility of purchasing National Bonds with great ease. Contact one of the representatives at the exchange house and fill out the application form in their presence to avoid any mistakes. Once done, you need to submit the required documents and make payments via cash or cheque. While it takes five to seven working days for the National Bonds Certificate to be issued if a cheque is used, the certificate is immediately issued for cash purchases Banks

Most banks in the UAE offer the facility of buying National Bonds in both online and offline modes. However, the process varies for different banks. Ideally, you should first contact the customer care of your chosen bank and understand the entire process for purchasing National Bonds for a hassle-free purchase. If you pay the amount via cash, the National Bonds Certificates are issued immediately. However, it may take five to seven working days for the certificate to be issued if you go via cheque mode.

Key Takeaways

  • Provide all the correct details and carry the entire set of essential documents (if going offline) for a hassle-free purchase.

  • Consider the bond’s maturity date and ask questions if you have doubts.

  • Check if the chosen bond has fixed or floating interest rates.

  • Go through the redemption and early withdrawal terms.

  • Check the financial condition and stability of the bonds issuer before investing.

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