Dirham Saving Program

Dirham Saving Program

What is the Dirham Savings Scheme?

It is a Shari'a compliant Savings Scheme that gives corporations a low-risk investment opportunity that is liquid and reaps competitive profits. It is an investment savings option that caters for corporation financial goals conservative investments. Saving Certificates are easy to purchase and extremely affordable. It can be purchased in units of AED 10 with a minimum purchase requirement being AED 100.


How can corporations apply for the Dirham Savings Scheme?

Corporations can purchase Saving Certificates online click here or via our number 600 522279, by calling our direct sales team or visiting National Bonds office.

Overseas Customers can buy National Bonds certificates online through our website click here or via calling our international number +971 4 384 8000

Are all corporations eligible for the profit distribution?

Each Saving Bond is entitled to a pro rata share of the distributable profits for a calendar year. The pro rata share of profit is based on weights determined in accordance with the next question below from the date of issuance. Click here

Is the corporation obliged to have to complete one financial year to be eligible to receive the profits?

No. The profits will be distributed according to the number of Saving Certificates and for the time period.

In case the Saving Bonds are redeemed during a calendar year, the weight of the Saving Bonds redeemed before completing a holding period of 90 days is 40%, while the weight is 60% for Saving Bonds redeemed after completing a holding period of 90 days and before completing 180 days, whereas the weight is 80% for Saving Bonds redeemed after completing 180 days and before completing 360 days, and finally the weight is 100% for Saving Bonds redeemed after completing 360 days.

How and where can corporations collect their profits?

Profits earned on Savings Bonds are distributed in the shape of issuing additional Saving Bonds. Additional Saving Bonds are only issued if the total amount of profits earned by the Bondholder is AED 100 or more, and are only issued in multiples of AED 10. When the amount of earned profits is less than AED 100 or the amount is not in multiples of AED10, the amount or the remaining amount is called Residue Profit.

The Residue Profit will be available to the Bondholder for a period of three months from the date of profit distribution. During which the Bondholder can top up the amount to reach AED 100 and convert it into Saving Bonds or withdraw the amount. If no action is taken during this period, the Bondholder will be considered waiving his/her right to this amount and granting the Company the authority to transfer the amount to the benefit of the investment pool.

Can the corporation receive its profits at any time of the year?

The profits are distributed within the first quarter of the year, post the completion of the previous financial year ( Jan - Dec ).

How can the corporation redeem its Saving Certificates?

For redemptions the authorized signatory of the corporation can call 600 522279 for a seamless service.

Is there a minimum holding period before the corporation can redeem its Saving Certificates?

For cash/cheque purchases, Saving Certificates must be held for a minimum period of 30 days from the date of issuance before it can be redeemed.

For credit card purchases, there is a lock-in period of 90 days.

Can the corporation make a partial redemption?

Yes. Partial Redemptions are allowed and new Saving Certificate will be issued for the balance held with National Bonds Corporation PJSC.