• Saving made even easier across the UAE, National Bonds will now be available in over 100 Emirates Post Offices

Dubai, 10th March 2010: National Bonds Corporation PJSC, the Shari'a-compliant saving scheme, has announced a strategic alliance with Emirates Post, the national postal services provider of the UAE, to enable customers to purchase National Bonds savings certificates from over 100 Emirates Post offices across the UAE, expanding the NBC distribution network to more than 550 outlets.

A Memorandum of Understanding (MOU) was signed between Mr. Mohammed Qasim Al Ali, Chief Executive Officer of National Bonds Corporation PJSC and Mr. Ibrahim Bin Karam, Chief Executive Officer of Emirates Post, paving the way for Emirates Post offices in the UAE to offer existing and new customers of National Bonds various services; new or repeat purchases and instant savings certificate issuance. 

Announcing the strategic alliance, Mr. Mohammed Qasim Al Ali, Chief Executive Officer of National Bonds Corporation PJSC, said: “National Bonds and Emirates Post will focus on working closely together to advocate the savings culture. Joining forces with a leading national service provider like Emirates Post is an important step for National Bonds, as it enables us to reach out to a wider audience and at the same time provide easy access and convenience to our customers. It will also enhance the visibility of National Bonds, offer a seamless service to our bondholders and raise our service standards even higher. This agreement is yet another  major achievement for National Bonds in positioning the scheme as “Everyone' s favourite place to save and invest”.

This significant tie-up will increase NBC distribution network by more than 20% that is more than 550 outlets including the banks & exchange houses. We are constantly striving to create awareness within the UAE society on the importance of saving by reaching out to more individuals and encouraging them to save with National Bonds”.
Mr. Ibrahim Bin Karam, CEO of Emirates Post, said: “We are privileged to add National Bonds services to our portfolio. As the region's most dynamic postal corporation, Emirates Post is geared towards providing the best service to all customers. With the help of our advanced IT technology and a trained team, we will provide a convenient and user-friendly service to the customers.”

“Our extensive network of more than 100 post offices is ideal for taking National Bonds services closer to customers,” added Bin Karam. “This is a strategic partnership for us and part of our overall plan to offer diverse public services established through alliances with government organizations and private sector companies.”

Mr. Louis Bruno Rochecouste, Chief Commercial Officer of National Bonds Corporation PJSC, added: “This new distribution agreement will become a trend-setter for retailing financial services products on a mass scale and comes as part of our strategic focus for 2010 to innovate and deploy the latest technologies in distribution and customer service”.

He added, 'We have recently launched a unique initiative the Individual Takaful Cover” that will offer coverage up to AED 125,000 for our valued bondholders. This coverage is based on a Shari'a-compliant takaful platform and is being provided to all individual bondholders from 12 months to 70 years old. More than half a million National Bonds customers are benefiting from the “Takaful” coverage without any premium contribution. This cover is based on the Islamic insurance “Takaful” and managed by a Sharia compliant insurance company, Aman”.

National Bonds are available for purchase in nearly 550 outlets nationwide including more than 100 Emirates Post offices, online at www.nationalbonds.ae  or call 800-BONDS (26637).

Photocaption: Mr. Mohammed Qasim Al Ali, CEO of National Bonds and Mr. Ibrahim Bin Karam, CEO of Emirates Post.