Product FAQs

What is National Bonds?

National Bonds Corporation Sole Proprietorship P.S.C. (“National Bonds”) was launched in 2006 with a mission to promote a savings culture that will benefit the people of the UAE. National Bonds is 100% owned by the Investment Corporation of Dubai (ICD), the sovereign investment arm of Dubai Government. It is licensed and supervised by the Securities and Commodities (“SCA”) Authority and audited by Dubai Government Financial Audit Authority, Shari’a Supervisory Board, as well as reputable international external auditors. National Bonds has been approved as a Fund Investment Manager to provide investment management services related to the Savings Scheme for employers who volunteer to invest their employees’ end-of-service benefits under the End-of-Service Program (“Savings Scheme”) sponsored by the UAE Ministry of Human Resources and Emiratisation (“MOHRE”)

What product is offered under The Fund?

National Bonds Capital Protected Shari’a Compliant Fund offers employers subscription for both skilled and unskilled workers, as defined by MOHRE.

What does the National Bonds Capital Protected Shari’a Compliant Fund invest in?

The Fund invests in Shari’a-compliant deposits with banks licensed by the UAE Central Bank and in sovereign Sukuks issued by the UAE’s Federal and Local Governments.

What does capital protection entail

The Fund operates as a local investment fund with an investment strategy carefully designed to protect the Fund’s capital from investment risks, and ultimately return it, along with any profits, to Unit-holders on a future date specified in the offering document. The capital protection extended as part of the Fund's offering is mainly tied to the underlying investments and its credit profile, thereby providing assurance regarding the Fund Manager's capacity to achieve the maximum level of protection to Unit-holders’ capital.

What are the annual management charges associated with investing in the National Bonds End-of-Service Capital Protected Fund?

An annual management fee of 0.75% of The Fund’s assets under management is applicable under this program.

What is the anticipated return on the National Bonds Capital Protected Shari’a Compliant Fund?

The Fund will seek to provide a money-market like return to investors, net of fund management costs and operational expenses.

In case of any queries, who can I reach out to?

For queries or for more information, please contact our client service center at 600 522279 or email us at mohre@nationalbonds.ae