The company is 100% owned by Government of Dubai, ICD (Investment Corporation of Dubai).

National Bonds Corporation (“NBC”) is a savings and investment company in the UAE, established in March 2006. The company provides UAE nationals, UAE residents,non-residents as well as corporations with an opportunity to build and fortify their savings and investments. It is structured as a private joint stock company with a single shareholder.

Our branches and call center working hours are available at the following link https://www.nationalbonds.ae/contact-us

Our branches locations & direct numbers are available at the following link https://www.nationalbonds.ae/contact-us

Please refer to the following link https://www.nationalbonds.ae/boarddirectors

National Bonds was established in March 2006 with a paid-up capital of AED 150 million.

It's really very simple. Visit any of our nearly 556 outlets, leading exchange houses and banks to become part of the National Bonds family. 

You can purchase bonds online at www.nationalbonds.ae or via our number 600 522 279 by calling our direct sales team or visiting National Bonds office.

UAE residents as well as non-residents are eligible to purchase National Bonds. The minimum age requirement to purchase National Bonds is 21 years, unless purchased by a father/legal guardian on behalf of a minor.

1.  UAE resident: You will be required to present a True Copy of your valid Passport along with the Visa Page or Emirates ID. Where the application is for a minor, identification for both the minor and the father/legal guardian will have to be provided.
2. Visitors and non UAE resident: You must provide a True Copy of your Passport with the Visit Visa Page / Entry Stamp. Where the application is for a minor, identification for both the minor and the father/legal guardian will have to be provided.

You can purchase as many saving certificates as you wish. There is no maximum limit on how much you can purchase. However, the minimum required purchase of National Bonds is AED 100 (10 units of AED 10).

For cash and credit card purchases made at National Bonds exchange houses, banks and Emirates Post offices (cash only), the saving certificates are issued immediately. For cheque purchases, the issuance of saving certificates will be after cheque clearance which takes 5 to 7 working days.

You can log in to your account at www.nationalbonds.ae by using your Customer Account Number (CAN) and Personal Identification Number (PIN). If you don't have a CAN and PIN, please contact 600 522 279 to activate your online account.

Saving Bonds are subject to a deferred-payment subscription fee at the Company’s absolute discretion.

In case of payment through credit or debit card, the subscription fee is applicable and payable at the time of Saving Bonds redemption and waived if Saving Bonds complete 24 months holding period. The subscription fee is 2% (min of AED 15) of the redeemed Saving Bonds value and will be deducted from the redemption amount.

In case of recurring number of monthly payment mandate, the subscription fee of 0.5% (min of AED 15) of the withdrawn amount in case of redemption  or cancellation of plan before completing 12 monthly payments.

National Bonds is the one of the only savings accounts in the region with no minimum balance fees. That means you can save however much you wish, whenever you can. However, we recommend to save a minimum of AED 1,000 or become a regular saver to enjoy the benefits of our AED 35 Million Rewards Program.

The profit rate varies from customer to customer based on:

1. Amount of Holding
2. Period of Holding
3. Frequency of Bonds Purchased
4. Type of Product

In addition to the profit, customers also won draw prizes and received loyalty bonus based on amount invested and frequency of savings.

The chart below gives an example of possible earnings achieved by customer segment during 2023 across our savings as well as investment offerings.

• Our profit methodology is based on the duration of your savings with National Bonds. The longer you save, the higher is the profit rate you receive.
• 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.

 

Distributed profit per bond varies based on bond’s status and holding period. Please check your account statement for more details or contact us on 600 522279.

Yes, all bonds held during 2023 for any duration are eligible for profit distribution. Please check your account statement for more details or contact us on 600 522279.

All active bonds as of December 31, 2023 that are held for less than 365 days are entitled to 100% profit weightage regardless of holding period.  The distributed profit is then split into two parts; the first is called "Gained Profit" and is paid to customer, while the second part is called "Reserve Profit" and will be paid on the respective maturity date.  If such bonds are redeemed before the maturity dates, the “Reserved Profit” will not be paid. Please check your account statement for more details or contact us on 600 522279.

You can refer to your online account statement on the website or our mobile app or simply call 600 522279 to know the full details.

When the amount of earned profits is less than AED 10 or the amount is not in multiples of AED10, the amount or the remaining amount is called Residue Profit.

1. National Bonds is a Shari'a compliant scheme. It is based on a Mudaraba (Shari'a compliant fund management) agreement concluded between the bondholders and the company, where National Bonds Corporation Sole Proprietorship PSC plays the role of Fund Manager (Mudareb), and the bondholders are the Fund Provider (Rab Al Mal).
2. The National Bonds Mudaraba has a Shari'a Supervisory Board who holds the responsibility of directing, supervising and scrutinizing activities to ensure that all aspects of the business and investments carried out by the company are Shari'a compliant. This includes all draws as well as special promotion draws.
3. The Shari'a Board is chaired by Sheikh Dr. Yousef Abdullah Al Shubaily Chairman of Minhaj Advisory Shari’ah Board and Shari'a Supervision Boards of various Islamic financial institutions in the United Arab Emirates and many others overseas
4. Shari'a compliant products are carefully monitored by a Shari'a Supervisory Board in order to ensure that they comply with Shari'a financial principles as regards to how the money is invested and managed. This ensures safety and transparency with all financial assets.

Please refer to the following link https://www.nationalbonds.ae/shariascompliance

Our Rewards Program is funded by National Bonds own share of profit and not from customer’s profit share. Our Rewards Program structure is approved by our Shari’a board. The objective of the program is to promote and reward good savings and investments’ behaviors and encourage people to take charge of their financial future. Furthermore, all National Bonds savings & investment offerings and campaigns are Shari’a compliant.

For 2020: Zakat for the Hijri (lunar) year is AED 0.1938637017 and for the Gregorian (solar) year is AED 0.1998347037 for each Bond.

E-bonds is an additional National Bonds service that allows you to receive your saving certificates online, giving you absolute convenience and accuracy, at no cost.

No, you can receive the E-bonds whether you purchase your saving certificates from Emirates Post offices, exchange houses, banks or online.

To receive your saving certificates online, you need to have a regular e-mail account to automatically receive your E-bonds. E-bonds can be printed at your convenience and are considered as valid and as good as the original documents via Emirates Post offices, exchange houses, banks and through our website.

A Shari'a compliant scheme that is designed to encourage you to have a disciplined approach towards savings to ensure a secured future. At National Bonds we believe that saving facilitates financial independence and peace of mind. In a bid to encourage responsible financial behavior, the scheme allows you to automatically deduct a preset amount from your salary every month by the payroll department and sent directly to National Bonds for issuance to Savings Certificates.

Our Global Savings Club purpose is perfectly in line with the UAE leadership’s vision, which is to encourage a culture of savings and prosperity for all. Employees can enjoy a monthly savings account which provides them with the unique opportunity to fortify their safety net and enrich their future. It is a goal-based plan to help employees to achieve their financial goals by setting aside a specific amount every month.

1. One of the best ways to take charge of your finances in today’s uncertain economy is to save regularly and accumulate a healthy
2. savings account balance
3. By joining this unique program, you not only develop a regular savings habit, you also receive exclusive benefits in our Rewards Program

4. By joining this unique program, you not only develop a regular savings habit, you also get full entry into in our Rewards Program and entry into an exclusive draw for Regular Savers in the reward categories of AED 5,000, AED 500 and AED 50. 

   For more information about the Rewards Program, click here https://www.nationalbonds.ae/rewards-program

1. Login to our mobile app and sign up up instantly
2. Contact your dedicated relationship manager or send us an email at GSC@nationalbonds.ae

Yes, you can.

At the maturity of your plan (your chosen bundle) or upon cancellation of the entire plan.

Yes, profit will be recalculated based on the number of completed months.

It will be added automatically into your savings account.

Cash prizes will be issued in the form of Saving Bonds in your account, where you can redeem upon completion the 30 days’ lock-in period.

Yes, you can freeze the plan twice (each time up to 3 months).

Yes. However, the plan will be downgraded to the basic regular saving plan, and you will be no longer be a part of the GSC.

Your plan will remain the same and you can continue your monthly contribution unless you decide otherwise.

Your plan will remain the same and you can continue your monthly contribution unless you decide otherwise.

Yes, you can sign up for as many as you want.

One of the extra benefits we offer is that you can enroll your immediate family members.

Yes, you can.

Yes, you can. Plus, it will give you more chances in our draws.

It's a financial instrument as good as a bond. Now you can buy your beloved ones a gift that can secure their future, a gift that will reward them with annual profits, prizes on weekly and monthly basis and enjoy other benefits. National Bonds offers Gift Vouchers with different denominations of 100, 250, 500, 1000, 5000, 10,000, 25,000 Dirhams.

Customers can visit National Bonds offices to buy Gift Vouchers.
Bearer/Beneficiary submits completed application form to National Bonds outlets to exchange the Gift Voucher for bonds of the same value indicated on the Voucher.
Beneficiary becomes automatically eligible for all the benefits offered by National Bonds.

They have high liquidity, i.e. they are cash equivalent.
Their cash value will never depreciate at the time of redemption (as against other usual prizes, e.g. electronics, cars, etc.)
They help nurture a savings culture and inspire beneficiaries to prepare for their future.
They provide the same benefits enjoyed by bondholders in terms of rewards and prize eligibility.
* Terms and Conditions apply.

For redemptions of up to AED 25,000 (based on your account holding), you can apply for instant cash redemption online or by calling 600 522279. Then you can collect the funds by visiting select branches of Al Ansari Exchange House.

Learn more about Instant Redemption. 

Alternatively, you can call 600522279 to redeem through cheque (for UAE residents only.) Non UAE residents can submit the redemption form via calling Tel: + 971 4 3848000 and receive the funds via bank transfer.

For cash/cheque purchases, saving certificates must be held for a minimum period of 30 days from the date of issuance before they can be partially or fully redeemed. For credit card purchases, there is a lock-in period of 90 days. These restrictions, however, do not apply to saving certificates issued as prizes or as profit distribution.

We offer you partial or full redemption options for your convenience. However, a redemption request must be at least AED 100 (10 units) or above. 
For any other questions or inquiries please call us on 600 522 279

A redemption request can be made by calling the National Bonds’ call center or logging in to your account on the website/mobile app which will be followed by proper verification and authentication. For instant redemption request, available at select Al Ansari Exchange branches, distributor charges will be deducted from the amount.

In case of cheque redemption, courier charges will be applicable in case this delivery option is selected.

• In case of redemption through OTC, the validity for collection is fifteen days. New savings bonds will be issued in case of no fund withdrawals.
• In case of redemption through cheque, the validity of the cheque issued is 180 days. In case of no fund withdrawal prior during that time, new savings bonds will be issued.

You can collect your redemption cheque from any or our branches (as per your choice) or receive it through courier or get it through an instant redemption where you can collect the cheque the exchange houses selected branches.

Yes, you can redeem through the APP or website.

Daily redemption limit differs as per the customer’s segment (Total live holding-TLH):

• Retail TLH below AED 50,000:AED10K
• Bronze TLH between AED50,000 & AED150,000:AED15K
• Silver TLH between AED 150,000 & AED 350,000:AED20K
• Gold TLH AED350,000 or more:AED25K

Yes, non-resident customers can submit the redemption form by calling + 97143848000 and receive the funds via bank transfer.

1. Redemption form
2. Passport copy
3. Bank statement copy or a bank letter showing the account details

Please check https://www.nationalbonds.ae/services-details?item=9b6e5c9b-ca2f-6f76-bc2c-ff1e005d5b89

Yes, below are the required documents:

1. Authorized person original Emirates ID
2. Authorization letter signed by the beneficiary (CAN holder) with the following information:
   • No objection letter with ID details
   • Cheque amount
   • Customer CAN
   • Signature as per our National Bonds records

"myPlan" is a highly customized savings plan offered by National Bonds to all customers through a regular saving mandate either through direct debit instructions, payroll deduction or standing instructions to the bank where customers can allocate/save a predetermined amount into their National Bonds account. 

In "myPlan", customers sign up a mandate for saving predefined amounts based on their choice. "myPlan" helps customer to accumulate wealth while offering full entry into our AED 35.5 Rewards program along with dedicated prizes for myPlan savers. a number of additional chances to participate and win in the NBC rewards program.

Your existing plan will continue in your National Bonds account. You will be entitled to entry in all the draws and entry to 5 draws exclusive for myPlan savers every month for 5 iPhone 15 pro for 5 winners.

There are no cancellation fees; however the 0.5% subscription ( minimum of AED 15) fee of the total planned payment will apply in case of premature withdrawal from the confirmed mandate.

There are neither cancellation fees nor subscription fees.

Yes, the subscription fee of 0.5% (min of AED 15) of the total plan commitment amount will be deducted on your redemption amount whether you cancel or continue your plan.

No, the bonds will be converted to normal savings bonds and your chances on the draws will be as per those not committed to myPlan. And if you cancelled the plan, you will no longer participate in the dedicated iPhone15 Pro draws for myPlan regular savers.

The customer can amend an existing recurring payments mandate through our mobile app. by setting up a new mandate. myPlan Terms and Conditions will be applicable.

Your plan will continue as before and bonds will be issued into your account as per the automatic transfer instruction on monthly basis until further notification from your end.

Decide on your payment amount and total planned payments.
Complete myPlan Form along with Direct Debit Form on our mobile app or website.
Alternatively, submit the form by calling 600 522279 or your Relationship Manager to arrange for collection.

1. Your chances will be calculated as per your total holding in savings bonds
2. Existing Monthly Saver Plan bonds will get as standard 1 chance per bond , which you can increase by becoming Prestige members

• Get 2 chances per bond when you join Prestige Bronze
• Get 3 chances per bond when you join Prestige Silver
• Get 4 chances per bond when you join Prestige Gold

National Bonds Rewards Program offers individual customers a wide range of exclusive and exciting prizes worth AED 35.5 million, all year round. The program aims to reward customers and encourage them to increase their savings with annual prizes that range from AED 8 million for 8 winners, 16 high-end cars, 365 iPhones, and other cash prizes worth AED 22.2 million. There are exclusive prizes for both Emiratis and Expats, and dedicated prizes for ladies, minors, and regular and digital savers. 

National Bonds' New Reward Program will be effective on 5th July 2020.

Your chances in the rewards program are based on your savings bond balance. The standard chance per bond is 1. And then based on your Prestige status, you can increase your winning chances as per below:

1. Get 2 chances per bond when you join Prestige Bronze
2. Get 3 chances per bond when you join Prestige Silver
3. Get 4 chances per bond when you join Prestige Gold

 

The Million-dirham draw takes place quarterly, on the first Monday of January, April, July & October.
The UAE National exclusive luxury car draw takes place every 3 months, on the first Sunday of February, May, August & November.
The monthly draws will take place on the 1st Monday of every month.

Following each draw, all reward winners are notified via an SMS. Winners of AED 1 million and luxury cars will be called by a representative of National Bonds to facilitate the reward handover process. We will also publish the winner details on our Social Media - Facebook and Twitter. If a message is not received due to telecom network issues, customers can check the winners list on our corporate website www.nationalbonds.ae or call us on 600522279.

Certificates for AED 1 million, AED 5,000, AED 500 and AED 50 will be issued to your winning account and an email will be sent to the registered email address listed for your account.

1. Non-cash rewards will be handed over in person at National Bonds offices or via an authorized reward handover letter for the National Bonds reward partner.
2. Winners must claim their prizes within 60 days from the draw date. Otherwise, they will be unable to collect the prizes.

National Bonds reward draws are conducted at its Corporate Office using a state-of-the-art software tool to randomly pick the winners of all rewards. The whole process is supervised by the Dubai Economic Department (DED) and audited by an independent international auditing firm to ensure fair and transparent practices.

Tejouri is part of our new rewards program and is an exclusive Emirati program that consists of 8 dedicated prizes every year. The prizes are 4 luxury cars and AED 4 Million every 3 months along with access to 2024 rewards program worth AED35.5 Million.

Minimum savings of AED 1,000 or signing up for any regular savings plan will make you eligible.

Regular monthly draws are executed under the supervision of DED representatives.

This option is available only if the physical prize is not available with the dealer within 2 weeks of customer’s winning date, or if the prize is won by a non-resident of UAE.

If you win a cash prize with National Bonds, then the prize will be issued directly to your account. However, if it’s a physical reward than the prize may be given in one of our branches.

Yes, based on an advance request from the customer. However, winner’s first name and initial of their family name will published.

It depends on your bonds type (Saving Bonds, Term Sukuk or Regular Savings Plan) and the customer’s segment (Retail, Bronze, Silver or Gold).

• 8 Millionaires every year (2 millionaires every quarter)
• 4 Luxury Cars for UAE Nationals (1 every quarter)
• 12 Luxury Cars (1 every month)
• 365 iPhones (7 every week)

Please check https://www.nationalbonds.ae/rewards-program

We will be giving 7 iPhone15 per week, a total of 365 iPhones over 12 months. The draws take place every Monday of the month and there are 3 ways for your to participate in the weekly draw:

1. Digital Savings: Save AED 5,000 or more via our app or website, after the last draw date and before the next one, to win 1 of 5 iPhone 15 dedicated for our digital savers.
2. Fresh Savings: Add a minimum of AED 50,000 as fresh savings in your account, after the last draw date and before the next one, to win 1 of 20 iPhone 15 dedicated for our Prestige members. If you are not already a Prestige member, saving AED 50,000 automatically makes you one and enhances your benefits. Click here to know more.
3. Signing up to myPlan: Every month, 5 active myPlan savers will win an iPhone 15. Sign up for the plan or upgrade your existing plan, after the last draw date and before the next one, to increase your winning chances.

 

In case you redeem your savings bonds, then you lose the free advance entries that are awarded to you each month.  You also reduce your overall winning entries as your savings reduce.

Every month, we reward you with free advance winning entries, up to 50% of your existing draw entries, for the next month’s draws. All you need to do in maintain your savings and keep benefitting month on month.

We also give you additional chances, when you increase your average savings balance every month, giving you an advantage of more winning chances for being an active saver.

1. Increase the value of your bonds:
   1. Get 2 chances per bond when you join Prestige Bronze
   2. Get 3 chances per bond when you join Prestige Silver
   3. Get 4 chances per bond when you join Prestige Gold
2. Maintain your savings:
   1. Get advance extra draw entries monthly based on bond maturity. Up to 50% of existing draw entries are dedicated to savers who maintain their savings.
   
   

   Age of Sukuk (in Years)	Extra chances %
   <1 yr.	5%
   <2 yrs.	10%
   <3 yrs.	20%
   <4 yrs.	30%
   <5 yrs.	40%
   >=5 years	50%

3.  Increase your savings every month:

Get up to 2 extra chances for the next draw per bond on new savings every month (applicable only when there is an increase in your savings portfolio).

Customer Segment	No. of extra chances
Retail, Bronze and Silver	1 extra chance per bond
Gold	2 extra chances per bond

 

1. The eligibility for the different rewards varies for individuals who are part of National Bonds monthly saver plans and those making a single savings transaction. The table below explains the chances for different rewards as well as the minimum holding required.

2024 Rewards program Eligibility 

A One-Time Password (OTP) is a randomly generated 8-digit number which NBC will SMS to your mobile phone when you initiate a purchase transaction at the MBME Kiosk.

When you initiate any purchase transaction at the MBME Kiosk, you will be required to enter a One-Time Password (OTP) on the MBME Kiosk screen as a second level of authentication to confirm that the transaction is authorised by you. Once successful completed, you will be able to proceed with your purchase transaction request.

OTP is an additional security measure implemented to safeguard your account from unauthorized activity

It is a simple process. Just initiate the transaction and follow the simple instructions on the screen. A One-Time Password (OTP) is system generated randomly, instantly and sent only to you on your mobile phone.

You should receive a notification instantly from the time you have put a transaction request. If you have not received the OTP reference, kindly request for another one. Should this problem persist, Kindly contact our Contact Centre on 600-522279 who will gladly assist you.

The One-Time Password (OTP) will be valid for 5 minutes from the time of generation, after which it expires.

No need to worry, just reinitiate the transaction and generate a new One-Time Password (OTP) to complete it. 
As the name suggests, each OTP is for single use only. It has to be generated separately for each transaction. If multiple transactions are being carried out, a OTP is generated for each of those transactions.

It is important to maintain up to date contact details with NBC as we will be providing with important updates on our account to your mobile number. In case, your mobile number registered in our system has been changed, you should immediately contact NBC to get the details updated

Kindly contact our Contact Centre on 600-522279 who will gladly assist you.

The Foreign Account Tax Compliance Act (FATCA) was signed into U.S. law in March 2010 with an objective to prevent U.S. taxpayers from using financial institutions outside of the U.S. to evade taxes. 

The relevant regulatory authorities are implementing FATCA in the UAE, in agreement with the U.S. government. The aim is to identify US Reportable customer accounts according to the definition as per the IGA (Inter-governmental Agreement). 

As a Regulated Financial Institution, National Bonds is fully committed to comply with all the directives and guidelines issued by relevant regulatory authorities to FATCA. 

Please note that National Bonds shall not be offering any tax advice in relation to FATCA. Please visit US IRS Website or consult your tax advisor any tax advice.

FATCA stands for Foreign Account Tax Compliance Act. It is introduced by USA to counter tax evasion by US Persons from using foreign banks and financial institutions to avoid US taxation on their income and investments.

On an annual basis, National Bonds will be reporting information on the customer accounts held by US Persons to relevant regulatory authorities.

UAE is in the process of signing Inter Governmental Agreement with US Government. As per the guidelines issued by UAE Central Bank, FATCA is currently due to become effective from July 1, 2014.

Yes. National Bonds is committed to be fully compliant with the guidelines issued by the  relevant regulatory authorities in relation to FATCA.

We are not the only institution implementing FATCA in UAE. As UAE Government is signing an Inter Governmental Agreement with US Government, all banks and financial institutions in UAE will be implementing FATCA.

If your identification details indicate that reporting may be required, we will request you to provide additional details to determine your US tax status. We will then review the available information against the applicable guidelines and requirements to determine whether or not your accounts are reportable for FATCA purposes.

National Bonds will contact you in this regard for additional information. The Inter Governmental Agreement between UAE and US Government lays down the following criteria to determine US Reportable Status: 
a. US citizen or US resident
b. US place of birth
c. US mailing or residence address or PO Box
d. US telephone number
e. Current Power of Attorney or signatory authority granted to a person with a US address

You may visit US IRS Website for more details on FATCA requirements.

No, the nature of products/services availed does not have any impact on the "reportable status" of the customer.

FATCA may apply if you fulfill any one of the five criteria listed below. If your account fulfills any one of the below criteria, we may request further information / documentation to determine your "reportable status" under FATCA: 

a. US citizen or US resident
b. US place of birth
c. US mailing or residence address or PO Box
d. US telephone number
e. Current Power of Attorney or signatory authority granted to a person with a US address

If you are a US person as per FATCA, National Bonds is obliged to report information about your account as per relevant regulatory authorities. 

We will initiate correspondence with our affected customers in due course. However, please note that National Bonds will not offer any additional tax advice relating to FATCA, and we recommend you contact your professional tax adviser regarding your personal tax situation.

National Bonds will be following the guidelines issued by the relevant regulatory authorities in this regard. The information will typically include your personal details as well as information about your savings / investments with National Bonds.

For most of our customers, FATCA will have no or minimal impact. However, in order to confirm that you are non-US person, National Bonds may contact you for few additional details.

National Bonds will communicate the relevant details to the affected customer directly through your Relationship Managers.

The way in which banks and financial institutions collect information from their customers under FATCA may vary and depends upon the information available with them. It is therefore possible that the information requested by National Bonds is different from the information you provided to other Banks and financial institutions.

You can visit www.irs.gov/FATCA for more details about FATCA.

Company is the owner of the product.

Company & Employee can view the holdings.

Yes.

Yes.

Into the Employee Account.

Into the Employee Account.

Company will open account first after which all company staff will open individual accounts.

No – not under the product, however you can buy other products from NBC.

No, redemption is allowed by company only.

No, only your company can apply on your behalf.

The Common Reporting Standard (CRS) is a new information-gathering and reporting requirement for financial institutions in the UAE, to help fight against tax evasion and protect the integrity of tax systems.

The Common Reporting Standard (CRS) is an International Standard, developed in response to the G20 request and approved by the OECD Council on 15 July 2014, calls on jurisdictions/countries to obtain information from their financial institutionsand automatically exchange that information with other jurisdictions/countries on an annual basis. 
 UAE has committed itself to exchange information in this regard and help global fight against tax evasion. Consequently, you are required to provide information to fulfill the CRS requirements.

Yes. As a regulated financial institution, National Bonds is committed to be fully compliant with all requirements and guidelines issued in relation to CRS.

We are not the only institution implementing CRS in UAE. All financial institutions in the UAE are mandatorily required to be compliant with the requirements of CRS.

The CRS intends to establish the tax residency of customers. Under the CRS, all financial institutions are required to identify customers who appear to be tax resident outside UAE and USA (as the same is governed through FATCA), and report certain information to our local regulator. This information, as per the requirements of the local regulator, may then share with the tax authority where you are considered as tax resident.

We will collect your information along with a Self-Certification at the time of opening your account with National Bonds. As per CRS requirements, we intend to collect the following information: 
Name
Residence Address
Mailing Address
Place of Birth – City and Country
Date of Birth
Country/Countries of Tax Residence
Taxpayer identification number(s) - TIN
If TIN is unavailable, reason for not possessing TIN.

Once we have a valid self-certification on file, we will contact you only in case of any updates to your Account Information or in cases where we believe there is a requirement for additional information.

Customers are required to provide us with Self-Certification on the Tax Residency Status. Additionally and wherever required, National Bonds will request for a copy of your Passport for additional information.

National Bonds will be implementing the guidelines issued by relevant regulatory authorities. For all Reportable Customers, National Bonds will share the information about your Savings/Investments Balance, profits and prizes credited to your account with National Bonds.

As a regulated financial institution, we are required to verify the Self-Certification provided by our customers. In cases where deemed necessary, National Bonds might ask you for a copy of your passport to verify your Self-certification.

Even if you have already provided Self-Certification under Foreign Account Tax Compliance Act (FATCA), you may still need to provide additional information for the CRS as these are different regulations and hence different requirements. 

FATCA is restricted to verify customer’s US Reportable Status. However, in case of CRS, financial institutions are mandated to identify the tax residency of all our customers and in most cases report information on customers who are tax resident outside of the country where they hold their accounts.

Your tax residency may be determined based on your place of birth and the place of your residence and business operations. Please contact your professional tax advisor or visit OECD website or more information on how to determine your tax residency, as National Bonds cannot provide you with tax advice.

Under CRS requirements, we are legally required to establish the tax residency status of all our customers, even if you are a UAE National. However, since you are residing only in UAE, typically your details will not be considered as reportable to the foreign tax authorities for CRS purposes.

Under the requirements of CRS, National Bonds will only share the information with relevant regulatory authorities and not with any foreign country or foreign tax authority.

NO. Under CRS requirements, National Bonds or any other Financial Institution is authorized to deduct any taxes from Customers.

Please refer to the OECD CRS portal for list of countries participating in the CRS and the dates that they will start exchanging information.

For further information on your tax residency, please refer to the rules governing tax residence that have been published by each national tax authority on OECD CRS Portal. You can also find out more at the OECD Automatic Exchange of Information portal

Visit any of the nearly 300 outlets, including our branches in Dubai, Abu Dhabi and Al Ain, leading exchange houses citywide and affiliated banks, to start your savings journey with National Bonds. You can also save via our mobile app  http://bit.ly/NBCenMobileApp or call 600522279 to contact our sales team.
Customers overseas can also save via our website, mobile app or by calling our international number at +971 4 384 8000.

UAE residents as well as non-residents can sign up for National Bonds savings plans. The minimum required age is 21 years, unless the plan is managed by a father/legal guardian on behalf of the minor.

1. UAE resident: You will be required to present an original copy of your valid passport along with the Visa Page or Emirates ID. If the application is for a minor, identification for both the minor and the father/legal guardian will have to be provided.
2. Visitors and non UAE resident: You must provide a True Copy of your passport with the Visit Visa Page / Entry Stamp. If the application is for a minor, identification for both the minor and the father/legal guardian will have to be provided.

You can have as many savings certificates as you wish. There is no maximum limit on how much you can purchase. However, the minimum required purchase with National Bonds is AED 100 (10 units of AED 10).

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 10 or more, and are only issued in multiples of AED 10. When the amount of earned profits is less than AED 10 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 during each calendar year. During which the Bondholder can top up the amount to reach AED 10 and convert it into Saving Bonds or withdraw the amount.

Each Savings 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.

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

In case the Savings 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.

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

For redemptions AED 10,000 and above, customers can call 600 522279 for a seamless service. For redemptions of AED 10,000 and below you can get instant cash by visiting selected branches from our distribution network.

Non UAE residents can submit the redemption form via calling Tel: +971 4 384 8000.

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

For credit card purchases, there is a lock-in period of 60 days.

Yes. You can redeem your Saving Certificate partially and your new Saving Certificate will be issued for the balance held with National Bonds Corporation PJSC.

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Corporations can save by calling our call center at 600522279, by visiting National Bonds branches or through their Relationship Managers.

Each Savings 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.

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.

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.

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

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

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.

Yes. Partial Redemptions are allowed and new Saving Certificate will be issued for the balance held with National Bonds Corporation Sole Proprietorship P.S.C.