National Bonds Collaborates with Smart Dubai Government via MyID To Boost Savings Culture
Monday, March 6, 2017

National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has signed a Memorandum of Understanding (MoU) with Smart Dubai Government Establishment (SDG) to enable seamless access to all National Bonds’ products and services via DubaiID.

Mohammed Qasim Al Ali, CEO of National Bonds, and His Excellency Wesam Lootah, CEO of SDG, signed the agreement at the SDG headquarters in the presence of senior officials from both parties.

Under the MoU, National Bonds has become one of the companies to link its services to DubaiID, developed by SDG as a unified Smart Dubai Government portal that allows customers to access government services anytime, anywhere.

DubaiID provides an identification system, comprising a username and a password that enables holders of a valid Emirates ID cards to log in to National Bonds’ website, register for its services, and join its programs. Previously, users had to enter their personal data and upload scans of their IDs on the company’s website, followed by a verification process that could take up to three business days.

Speaking on the agreement, Mohammed Qasim Al Ali said: “As a leading financial services company in the UAE, National Bonds is committed to contributing proactively to the Dubai Government’s Smart Dubai initiative, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Aligned with this priority, we aim to be early adopters of all technological innovations that will help in boosting happiness levels in the local community - including financial happiness.

He added: “Today we enter a new advanced phase of enhancing our performance and efficiency. National Bonds will offer its services through DubaiID. This state-of-the art online portal will make a world of difference in simplifying the procedures required to use our services. In doing so, it will enable us to expand our customer base through facilitating a seamless  process to  ensure that more people benefit from our sharia-compliant savings plans, takaful protection and investment products.

Commenting on the MoU, Wesam Lootah, CEO of SDG, said: “We seek to improve Dubai inhabitants' living conditions in all walks of life and we are working for the public and private sectors to be integrated through using innovative ways and harnessing technology to provide vital benefits to Dubai inhabitants and add to their happiness so that they will feel the difference when they live in the city of happiness, Dubai, the happiest and smartest city on earth."

He added: “The signed MoU will enable the National Bonds to access DubaiID portal, which provides the public with many services and spares their time and effort. We seek to attract dozens of private entities to this portal, which adds to the happiness of people, this being our ultimate end, enabling those who register in the service to access more than 600 services currently being provided by government entities.