National Bonds Shares its Experience with a Philippines Government Delegation

Dubai, United Arab Emirates, 11 September, 2023

National Bonds, the UAE’s Shari’a-compliant savings and investment company, has received today a Philippines government delegation, as part of their visit to the UAE. During the visit, the delegation had the opportunity to learn about National Bonds’ impact on the UAE’s savings culture through its best successful programs, which have witnessed the contribution of more than 800,000 customers, including both nationals and residents from diverse communities.

The delegation included H.E. Rosalia V De Leon, Treasurer of the Republic of the Philippines, Arifa Ala, Philippine Central Bank Assistant Governor, in addition to a number of senior officials from the treasury department office.

The visit coincides with a period of notable achievements for National Bonds, as the group has experienced significant success across various aspects, and recorded a significant growth in its investment portfolio by 9% to reach AED 14 billion during the first half of this year, while the total value of real estate portfolio investments in the group amounted to AED 3.5 billion, and it is expected to reach AED 5 billion during the next three years.

Throughout the visit, the two parties engaged in comprehensive and thorough discussions regarding potential avenues for collaboration. The Philippine delegation received detailed briefings on National Bonds’ best practices in the areas of investment and savings, and how retail sukuk which is untapped globally could support the growth of economies around the world.  National Bonds shared its innovative solutions like the Golden Pension Plan tailored for corporations and the Second Salary Plan designed for individuals, alongside other offerings catering to diverse segments of society. These discussions were driven by the shared objective of promoting a culture of savings, as well as fostering sustainable financial growth.

Furthermore, the delegation was briefed about National Bonds’ expertise in engaging with various segments of society in the UAE, most notably the Filipino community, where National Bonds has consistently demonstrated its commitment by launching dedicated programs tailored to serve this community.

Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds, said: “The visit of the Philippines government delegation reflects the pivotal role played by National Bonds in advocating and fostering a savings culture. It also reconfirms that the UAE is a benchmark for innovation as seen in National Bonds’ impact on the local society and the local economy. The programs and strategies developed by National Bonds align with individuals’ aspirations, ultimately enhancing financial security. This also aligns with the recent government announcement regarding the new system for employees’ end-of-service benefits in the Emirates.”

It’s worth mentioning that National Bonds places significant emphasis on the Filipino community in the UAE and is dedicated to strengthening communication with them. Recently, the company participated in the 125th Philippine National Day celebrations, during which National Bonds introduced a rewards program tailored for both new and existing Filipino clients, serving as an incentive to encourage savings and investment behavior

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About National Bonds Corporation PSC

National Bonds Corporation is a Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, established in 2006. It is licensed and supervised by the Securities and Commodities Authority and is audited by Dubai Government Audit Department, Shari’a Supervisory Board as well as reputable International external auditors. The company provides UAE nationals, UAE residents and non-residents with an opportunity to build and fortify their savings safety net, as well as invest in programs that offer competitive returns with lower risk. Its goal is to encourage a disciplined savings habit for people across the 7 Emirates, in line with the UAE Government Vision for a financially secure and sustainable future. National Bonds offers an exciting AED 35 Million Rewards Program to all savers, with monthly and quarterly prizes ranging from AED 1 million to various luxury cars. www.nationalbonds.ae.