>Sunday, May 03, 2009
Gulf News
Dubai: National Bonds Corporation National Bonds Corporation , the UAE's innovative Sharia compliant national savings scheme, has announced a revamp of the draw format of its savings scheme by changing the draw from a monthly to weekly format. This new structure is aimed to encourage more people to save and reward them by becoming millionaires every week.
The first weekly National Bonds National Bonds Millionaire will be announced on May 9 and from then on every Saturday.
The increase in the frequency of its draws follows the remarkable success that National Bonds National Bonds achieved for all its bondholders with the highest annual profit rate of 7.07 per cent in 2008, up from an already impressive 6.03 per cent in 2007. At present, National Bonds National Bonds has a customer base of over half a million bondholders among 91 nationalities, and expects sales to grow by 100 per cent in 2009.
Announcing the new draw structure, Mohammad Qasim Al Ali, CEO of National Bonds Corporation National Bonds Corporation , said: " National Bonds National Bonds has just got more rewarding, we already have 37 millionaires since our launch in March 2006, and with this new weekly draw structure we hope to fulfil the aspirations of many more of our bondholders and see even more millionaires in the National Bonds National Bonds family.
"Through our new weekly prize draws, we will reward over Dh60 million in prize money and make 39 millionaires in 2009. I know that this new change will be enthusiastically welcomed by our bondholders and let many more of you share in the success of National Bonds National Bonds ".
Under the new format, there will be 101 prizes every week and will be distributed across different prize categories: Dh1 million, Dh10,000, Dh5,000, Dh1,000 and Dh500. This amounts to an impressive Dh1,155,000 in total prize money each week.
Bondholders eligible to win the grand prize of Dh1 million every week are those with minimum savings of Dh10,000. All bondholders regardless of their savings amount are eligible for the remaining 100 prizes.
Al Ali added that due to the growing popularity of the scheme, and despite the current economic climate felt around the world, or perhaps because of it, "our bondholders are wisely choosing to use National Bonds National Bonds as a safe option for their money, using our Sharia compliant products to protect their savings".
© Gulf News 2009. All rights reserved.
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