National Bonds: Who Qualifies and What You Get
Learn how this Sharia-compliant savings and investment scheme works and what you need to know before participating.
National Bonds is a Sharia-compliant savings and investment scheme designed to help residents grow their wealth through specific investment principles and periodic prize draws.
Who it's for
The scheme is open to all residents living in the United Arab Emirates. Regardless of your nationality, if you are a resident, you are eligible to participate in this savings and investment program.
What you get
Participants gain access to a Sharia-compliant way to save and invest their money. This means the scheme operates according to Islamic principles, often referred to as Sukuk (صكوك). Aside from the potential for investment returns based on the scheme's performance, participants are also entered into various prize draws, providing a chance to win significant rewards as part of the program.
What it costs you
There is no single universal entry fee, but you must meet minimum investment requirements to participate. You will need to commit a certain amount of AED to start your savings journey and remain an active participant in the scheme. You should check the official portal to see the specific minimum amounts required for different types of accounts or investment levels.
The catch to know
It is important to understand that because this scheme is built on investment principles rather than traditional banking interest, your returns are not guaranteed in the same way they would be with standard interest-based savings accounts. Your experience with the scheme will depend on the performance of the underlying investments.
How to apply
- Visit the official National Bonds Corporation website to explore the different investment options available.
- Determine your budget and ensure you meet the minimum investment amount required for the specific plan you want.
- Complete the necessary registration steps through the digital portal to set up your account.
- Once registered, you can manage your savings and check prize draw details through the official portal: https://www.nationalbonds.ae/