National Bonds Corporation Signs Agreement With Aafaq Islamic Finance

National Bonds Corporation PJSC (National Bonds), the leading Shari’ah-compliant savings and investments company in the UAE, has signed a strategic agreement with Aafaq Islamic Finance to promote the culture of saving amongst customers.

Dubai-UAE:- National Bonds Corporation PJSC (National Bonds ), the leading sharia-compliant savings and investments company in the UAE, has signed a strategic agreement with Aafaq Islamic Finance to promote the culture of saving amongst customers.

The agreement was signed by His Highness Shaikh Faisal Saoud Khalid Al Qasemi, Managing Director of Aafaq Islamic Finance, and His Excellency Mohammed Qasim Al Ali, Chief Executive Officer of National Bonds Corporation, at the National Bonds headquarters in Dubai.

Under the agreement, the two companies will work to develop premium financial services for customers that will encourage them to adopt a sustained habit of saving.

MurabahaSukukMurabahaSukukSpeaking at the signing of the agreement, His Highness Shaikh Faisal Saoud Khalid Al Qasemi, Managing Director of Aafaq Islamic Finance, said: “Spreading awareness about the culture of saving will serve the overall wellbeing of the members of the community and help them support themselves and their families.”

He added: “National Bonds will provide innovative financial services in conjunction with Aafaq Islamic Finance. As part of the agreement, Aafaq Islamic finance will set up effective distribution mechanisms to ensure the availability of products and services to an even wider audience.”

National Bonds is licensed and regulated by the UAE Central Bank and provides UAE nationals, as well as residents and non-residents with a credible and safe savings opportunity. Minors can also own National Bonds provided the bonds are purchased by the parent/guardian. Each bond costs AED10, with a minimum purchase of AED100.

Originally published on www.zawya.com