National Bonds investments up 36 per cent

National Bonds, the UAE’s Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, saw its investments increased by 36 per cent to Dhs11.89 billion in 2021, indicating a positive accelerated growth in the culture of savings in the UAE.

The company reported an increase of 64 per cent in sales, attributing the growth to its innovative savings programs and services, as well as a rising awareness of the benefits of saving with National Bonds, amongst nationals and residents alike.

National Bonds continued its tradition of delighting its customers by giving exceptional returns to the savers despite an environment in 2021 that offered low rates.

Savers earned returns of up to 3.33 per cent on their savings; one of the highest in the region. Irrespective of the size of their savings, all National Bonds customers enjoyed healthy returns in 2021. Bondholders also won Dhs36.9 million in draw prizes and received additional bonuses from the Mudarib’s own funds, based on their invested amount, tenure and savings behaviour.

Up to this point long-term National Bonds savers, who have been with the company since 2006, have earned 64.11 per cent in cumulative returns on their savings.

The company also celebrates the success of its digital transformation, with a 62.4 per cent increase in mobile digital savers owing to the fast, seamless onboarding and the operational fluidity it offers.