UAE National Bonds-WWNEED.COM
The National Bonds of the United Arab Emirates refers to an institution wholly owned by the Government of Dubai, offering bonds to the public with the aim of providing a form of investment that provides low-risk returns, and it plays an essential role in being aimed at generating financial wealth by the masses.
National Bonds programs are available to UAE nationals, both Emiratis and expatriates, residents and non-residents.
To buy National Bonds in the UAE, you must be over 21 years old
For minors, parents and/or legal guardians can purchase the savings bond on their behalf
There are no minimum income restrictions to be eligible to buy bonds, anyone with income can invest in national bonds.
Emirates National Bonds Profit Rates:
The longer you save, the more returns you will get from National Bonds. Earnings rates have grown year-on-year from 2014 and this earnings growth rate is expected to increase in the future:
2014: Profit rates on ordinary savings bonds were 1.2%
2015: Profit rates on AED 50,000 bonds were around 1.76%
2016: Profit rates were almost the same as 2015 at around 1.76%
2017: Yields increased significantly to 2.82% on ordinary savings bonds
2018: The profit rates on ordinary savings bonds were around 2.09%.
The most popular sukuk products in the UAE
UAE National Bonds has a wide range of products that aim to ensure that your money is secured and that you get a return from it. These products may include:
savings bonds
Savings bonds are affordable products that allow you to earn annual profits, in addition to giving you eligibility to enter into the National Bonds Reward Programs. As long as you are an Emirati citizen and are 21 years of age or older, you can easily obtain this product.
Booster10
The investment in this plan starts from AED 10,000, and the profits are distributed every three months. This option will give you high returns, and it will also enable you to enter a draw on large sums of money, in addition to 16 luxury cars annually.
Paying off
The payment product involves investing money into a 2-year plan that offers up to 8% profit for the first 6 months, which you can take monthly and redeem for free. In addition, it provides capital protection, which makes it a low-risk product.
Booster for two years
This UAE National Bonds product offers returns once two years have passed. The yield is calculated as 6% and is paid on maturity. The minimum capital required for investment is AED 1,000 and you are free to redeem early.
Booster 12%
National Bonds has a product that gives you upfront returns of 3% per annum. The term of the plan is 4 years, but profit is available before it expires, and you can get your payments back early if you need financing.
Education plan
There is no doubt about the importance of having secure funds for your child which makes this education plan extremely beneficial. To be able to determine the amount you intend to contribute to this plan, you need to consider its duration. If you want to save for a long time, your monthly payment is low, and vice versa.
This product is low risk, so you don’t have to worry about your child’s money as you invest your savings for the future.
The cost of the UAE National Bonds
You can invest as much as you want in National Bonds, but the minimum is not less than 100 dirhams, where you can get 10 bonds for 10 dirhams each, or even 1 bond for 100 dirhams.
Emirates National Bonds Rewards Program
One of the distinguishing features of National Bonds is its rewards program which may include gifts ranging from 50 dirhams to 1 million dirhams. If you have invested a huge amount for a long time, you may be among the lucky investors.
The latest rewards program in 2020 had very exciting offers, more than 64,000 bondholders won various prizes such as 12 Tesla cars, AED 35 million, 4 Nissan Patrol and so on.
Benefits of investing in National Bonds in the UAE
Low Risk: The fact that National Bonds are government securities makes it a low risk investment, you are sure to pay back as the credit risk is minimal.
Average Returns: Compared to most savings accounts in the UAE, National Bonds offers attractive returns on your savings.
Sharia-compliant: The UAE’s national bonds are Sharia-compliant. You can be sure that your investment is within the safe borrowing threshold and facilitates social responsibility.
Investment initiatives in the UAE National Bonds
In order to generate more profits, National Bonds has invested in some projects such as the AED 1.6 billion Skycourt real estate project. This development will improve the social and economic status of Dubai while generating profits at the same time.
The sukuk also invested in the unique Soul Extra project, which aims to provide space for both government and local companies, while making a profit.
Anti-money laundering
National Bonds in the UAE complies with many regulations, one of which is the anti-money laundering framework that guides its investment undertakings.
Some of the methods used by National Bonds include Know Your Customer (KYC) technology to identify a customer, report suspicious activity, and consider risk factors in terms of product and investor. In general, you can be sure that your funds are not subject to money laundering activities.
Investment value/risk reward
National Bonds offers a great option for your savings, as compared to banks, you can get higher returns on your savings if you invest in their products. National Bonds designs most of its products to meet the diversified needs of its investors. Bondholders enjoy saving with a Sharia-compliant system. If you are looking for a long-term investment, the Education Plan is a great option for you. A two-year increase can benefit you if you want a nice return on your investment. Your savings for two years.
Frequently Asked Questions
How can I buy the UAE National Bonds? There are different ways to buy UAE National Bonds:
Visit nationalbonds.ae and buy online
Contact the sales team at 60052279.
Through an exchange such as Al Ansari Exchange
Through the national banks in the United Arab Emirates
Who can apply for the UAE National Bonds? The organization offers its bonds to the general public including:
Anyone over the age of 21
resident expatriates
A guardian on behalf of a minor
For UAE National Bonds, there are no minimum income restrictions.
How can I redeem my Emirates National Bonds? Redeeming your National Bonds requires a simple process. All you have to do is log in to your account on the website www.nationalbonds.ae and click on Instant Redemption. Use your mobile phone number and password to gain access, and then select the amount you wish to redeem.
The minimum period after which you can redeem your savings certificates is 30 days if you purchased them with cash, and 90 days if you used credit financing.
Disclaimer: The content of this article is for informational purposes only. The information provided should absolutely not be considered as investment advice or a recommendation. No warranty is made, express or implied, as to the accuracy of the information or data contained herein. Users of this article agree that Money Secrets does not accept responsibility for any of their investment decisions. Not every investment or trading strategy is suitable for anyone. See the risk warning statement.