KHALEEJ TIMES, Monday, Dec 2, 2019 | Rabi Al Thani 5, 1441
National Bonds launches NBC Booster 20 on DFM
National Bonds has announced the launch of its latest product, the NBC Booster
20, following a memorandum of understanding signed with the Dubai Financial
Market (DFM) this year.
The new initiative by National Bonds will provide certificates of investment for
registered investors exclusively, through DFM-licensed brokers. The offer, which
is a first-of-its-kind Shariah compliant Mudarabah structure, provides many
benefits for investors including real-time tracking of their investments and the
flexibility to redeem the investment via National Bonds at any point in time.
The most exciting aspect of the offer is that profit is paid to investors every
three months. The total expected returns on NBC Booster 20 is 20 per cent over
five years, while the minimum investment is Dh25,000 only.
National Bonds CEO, Mohammed Qasim Al Ali mentioned that the launch of the NBC
Booster 20 certificates will provide a much-needed investment platform, as well
as supporting the liquidity increase in the financial system the offer also
provides a huge range of bundled benefits and privileges to the customers.
"National Bonds is consistently working to provide every customer with a
comprehensive suite of benefits that are unique & innovative and provide a range
of efficient options for all types of savings and investments goals. We will
continue to work efficiently and pragmatically to achieve these needs through
the launch of new and distinctive offers that full fills the needs of our
ever-growing consumer base," said Al Ali.
Hassan Al-Serkal, chief operating officer and head of Operations Division at DFM,
said: "Diversification of products and investment opportunities is one of the
cornerstones of our market strategy. We are thus delighted to cooperate with
National Bonds to launch NBC Booster 20 through brokerage firms in the market.
There is growing demand for Shariah-compliant financial products to diversify
investment opportunities for the huge market base of over 844,000 local and
international investors, as well as open prospects for brokerage firms to expand
He added: "Without doubt, Dubai Financial Market's world-class infrastructure,
both in terms of its regulatory and technical systems, makes it ideal to add
value to customer activities and diversify financial products and services,
particularly Islamic, in the context of its active contribution to strengthen
Dubai's leading position as the capital of the Islamic economy globally."