National Bonds Corporation, which operates the UAE’s largest Shari’ah-compliant savings scheme, has announced that its proactive initiative to promote a culture of saving among local and expat communities has driven its number of bondholders to 690,000, marking a 5.78 per centincrease as compared to 2011.Of this, nearly 10 per cent comprise of UAE residents from over 200 nationalities.
National Bonds’ female bondholders saw a healthy increase of nine per cent during 2012. National Bonds also marked a 10 per cent increase in the average holding period of its customer accounts.
Mohammed Qasim Al Ali, CEO of National Bonds Corporation, said, "The rise in the number of bondholders is a clear indicator that both individuals and families are paying more attention to their future financial wellbeing. We anticipate a quantum leap in the attitude to savings among the communities we target. We are confident that the cumulative annual returns, which averaged 5.6 per cent during the period 2006-2012, will emphasize the advantages of adopting long-term saving plans whilst cascading the culture across a larger section of our society.”
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