Everything you need to know about National Bonds in the UAE

• National Bonds UAE
• FAQs

The UAE government plays a pivotal role in wealth creation in the country. It facilitates private ventures that can create employment opportunities and runs its own investment schemes for the general public. For example, National Bonds UAE is a Dubai government-owned organisation that gives everyone a chance to invest and benefit financially. 

COMPLETE GUIDE TO NATIONAL BONDS UAE

The organisation 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. 

FINANCIAL PRODUCTS 

National Bond UAE’s offerings are broadly subdivided into four groups:

PERSONAL PRODUCTS

• Saving Bonds: A flexible Sharia-compliant savings scheme. 
• The Global Savings Club: Companies can register for the program and enrol their employees on a savings account. This program of National Bonds runs in partnership with the Dubai Quality Group. 
• Payout: A two-year investment plan
• myPlan: Credit a pre-allocated sum of money each month as an investment.
• Tejouri: A flexible saving account.
• 2-Year Booster: Two-year saving program with returns up to 6%.
• Advance Booster 12%: Earn returns of up to 12% with an initial investment of AED 10,000.
• Education Plan: A flexible monthly payment plan to help you save for your child’s future education.
• Emergency Savings Plan: Start saving for emergencies by making an initial investment of AED 200.
• Booster 10: Earn up to 10% returns with an initial investment of AED 10,000.
• The USD Certificates: Make investments in US Dollars.
• Pledging Scheme: Get up to AED 10 million in financing as an institution or individual. 
• Gift Vouchers: Gift a product to a loved one so they can secure their future. 

PERSONAL SERVICES

• Direct Debit: Start saving with AED 100 monthly.
• Redemption: Redeem your funds after a 30-day period. 
• Thara’a: Labour saving program starting with small investments with multiple benefits, including insurance, cash rewards and more.
• National Bonds Mobile App: Official National Bonds mobile app to manage your account. 
• Sukuk Express: Visit MBME Cube kiosks for hassle-free service.
• Referral Contractors: Refer a family member or a friend and earn cash rewards.

PRESTIGE PROGRAM

Investors are grouped into three categories according to their minimum investments.

BUSINESS PROGRAMS

• Idikhari: A dedicated program for all public sector (government) employees in Dubai.
• Employee Savings Program: Program for companies who want to help their employees attain long-term financial sustainability. 
• Dirham Saving Program: Low-risk investments for corporations.
• Gift Vouchers: Gifts or rewards for employees.

FAQS

WHAT ARE NATIONAL BONDS?

National Bonds UAE is an investment company owned by the Investment Corporation of Dubai. The private, joint-stock, Sharia-compliant shareholding company was established in March 2006.

WHO CAN BUY NATIONAL BONDS UAE?

UAE residents, as well as non-residents, can buy National Bonds UAE. So, even if you are visiting the UAE temporarily, you can buy the bonds. 

One has to be 21 years or above to be eligible for the purchase. For those who haven’t turned 21, their father or legal guardian can buy bonds on their behalf.

WHAT DOCUMENTS ARE NEEDED TO BUY THE NATIONAL BONDS in the UAE?

Here’s the list of mandatory documents needed for UAE residents and visitors:

• For UAE residents: Copy of the passport, including the passport page or Emirates ID. If the application is for a minor, documents for both the father/legal guardian and the minor would be required. 
• Visitors and non UAE resident: Copy of the passport, with the clear visit visa page or entry stamp. If the application is for a minor, documents for both the father/legal guardian and the minor would be required.

HOW CAN I REGISTER FOR UAE NATIONAL BONDS?

There are over 556 outlets in banks and exchange houses where you can get yourself registered for National Bonds ownership across Dubai.

If you’re interested in buying bonds, simply visit the official website or call 600-522-279 to get in touch with a sales representative. Similarly, you can also buy bonds directly from the National Bonds UAE office.

HOW MANY NATIONAL BONDS CAN I BUY? 

There is no upper limit to the number of bonds you can buy. However, the minimum purchase value is set at AED 100. 

WHEN WILL I RECEIVE THE NATIONAL BONDS SAVING CERTIFICATES POST PURCHASE?

For National Bonds UAE purchased on cash or credit card, you will be handed the saving certificates immediately at the bank, exchange house or the Emirates Post offices (no credit card). For bonds purchased by cheque, you’ll have to wait for about 5 to 7 working days. 

ARE THERE ANY OTHER BENEFITS OF INVESTING?

The benefits of National Bonds in the UAE aren’t just limited to lucrative ROI. Investors can become part of different lucky draws and even earn reward points and loyalty bonuses. Plus, those who buy bonds have the chance to win UAE National Bonds prizes.

HOW MUCH RETURN DID INVESTORS GAIN IN 2020?

Last year, investors earned a 3.98% return on certain products offered by National Bonds UAE. Profits are based on four factors:

• Amount of Holding
• Period of Holding
• Frequency of Bonds Purchased
• Type of Product

If you are based in the UAE and have questions about a particular product, please contact a sales representative by calling 600-522-279. International callers can ask their questions by calling +971-4-384-8000. 

WHERE IS THE NATIONAL BONDS UAE OFFICE LOCATED?

The address is Al Wasl Road, Al Manara Area, Dubai. 

I HAVE QUESTIONS ABOUT A PARTICULAR PRODUCT. WHO CAN I CONTACT?

For basic research, you can always visit the official website. For specific queries, it is recommended to visit an office or contact the representatives using the numbers stated above.

WHAT TYPE OF INVESTMENTS DO THE NATIONAL BONDS UAE MAKE?

National Bonds investments are quite diverse and involve multiple sectors. Some of their major initiatives include Taaleem PJSC (education), Skycourts (real estate) and Souq Extra! (retail).

This concludes our overview of the products offered by National Bonds UAE. Despite the pandemic, National Bonds investments in 2020 grew to AED 8.8 billion, which clearly shows the public’s growing trust in the program. What makes the offering so popular is that there are products for large corporations and someone who can only afford to pay a small amount each month.

Another investment that is likely to give you good returns is buying real estate in the UAE. Non-resident investors’ mortgage loans can give you a head start if you want to own a property. Remember, it’s all about the money you have and the investment you are willing to make. Here is how you can legally trade stocks in Dubai. For days you are feeling particularly lucky, there is always the Dubai Duty-Free Raffle.

If you are new to the UAE, it’s always best to open a bank account first. Here is a list of banks in Dubai and banks in Abu Dhabi which you can consider. Those interested in stock trading also have a great opportunity.

Visit MyBayut learn more about business opportunities in the UAE.