Latest news with #NationalBonds
CairoScene
21-07-2025
- Business
- CairoScene
Dubai's Knowledge Fund Expands Investor Program to 75,000 Students
Launched in 2023, the Young Investor Program aims to improve financial awareness among youth and equip them with tools for long-term financial planning. Jul 21, 2025 The Knowledge Fund Establishment (KFE), a Dubai government entity, has announced the expansion of its Young Investor Program, a financial literacy initiative developed in collaboration with National Bonds. The programme now reaches 75,000 students across 50 private schools in Dubai, offering practical education in personal finance, budgeting, saving and investment. Launched in 2023, the Young Investor Program aims to improve financial awareness among youth and equip them with tools for long-term financial planning. Students engage in interactive lessons and simulation-based workshops, gaining early exposure to economic principles and money management. The initiative forms part of Dubai's broader Education Strategy 2033 and aligns with the emirate's Social Agenda 33, which prioritises youth empowerment and knowledge economy development. KFE and National Bonds stated that the programme's expansion reflects growing demand for early financial education and a shared commitment to preparing students for future economic participation.
Zawya
14-07-2025
- Business
- Zawya
National Bonds adds RAKBANK onto Al Manassah Sukuk Trading Platform
In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds has onboarded the National Bank of Ras Al Khaimah (RAKBANK) onto Al Manassah Sukuk Trading Platform. Al Manassah is among the region's first Sharia-compliant electronic platforms for trading Mudaraba-based Sukuk for partner financial institutions. Since its inception in 2013, the platform has processed over AED199 billion worth of transactions, including more than AED33 billion in 2024 alone. The platform enables licensed financial institutions to subscribe, transfer, and redeem Sukuk through a secure, fully automated process 24/7. Mohammed Qasim Al Ali, Group CEO of National Bonds, stated, 'We are pleased to welcome RAKBANK to Al Manassah. This partnership is another step forward in our mission to empower wider access to the Sharia-compliant platform through fintech and digital innovation.' Raheel Ahmed, Group Chief Executive Officer of RAKBANK, said, "This partnership with Al Manassah is a natural extension of our commitment to deliver innovative, Sharia-compliant solutions that empower our customers. By leveraging advanced digital capabilities, we can offer greater accessibility and flexibility to individuals and businesses alike."
Zawya
14-07-2025
- Business
- Zawya
RAKBANK joins National Bonds' Fintech Al Manassah Platform
Strategic agreement enables seamless Sukuk issuance, subscription, and redemption via a Shari'a-compliant digital platform Partnership aims to drive financial inclusion, operational efficiency, and customers empowerment across the UAE's Islamic finance ecosystem Dubai, United Arab Emirates — In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds, the UAE's leading Sharia-compliant savings and investment company has onboarded RAKBANK (The National Bank of Ras Al Khaimah) onto Al Manassah Sukuk Trading Platform. This collaboration marks a significant milestone in expanding access to one of the country's most established Sharia-compliant digital platforms for Sukuk issuance and trading. Al Manassah is among the region's first Sharia-compliant electronic platforms for trading Mudaraba-based Sukuk for partner financial institutions. Since its inception in 2013, the platform has processed over AED 199 billion worth of transactions, including more than AED 33 billion in 2024 alone; underscoring National Bonds' commitment to enhancing the appeal of Islamic banking while addressing liquidity challenges and lack of a full fintech solution faced by financial institutions through a Sharia-compliant alternative. With 13 partner banks and financial institutions onboard, including two of the UAE's largest Islamic banks, Al Manassah has played a pivotal role in shaping a more agile and inclusive Islamic finance infrastructure. The platform offers a wide range of Sharia-compliant investment tools, supported by bespoke fintech solutions tailored to the needs of modern Islamic finance. Its seamless integration and high-end technology continue to set new standards for operational efficiency and ethical financial practice. The platform enables licensed financial institutions to subscribe, transfer, and redeem Sukuk through a secure, fully automated process 24/7. With RAKBANK now integrated into the platform, more UAE customers will benefit from streamlined Sukuk financial options supported by operational transparency, regulatory compliance, and digital ease. This partnership brings together two institutions with a strong track record in delivering Sharia-compliant financial solutions. RAKBANK will leverage Al Manassah to enhance its Islamic banking offering and execute transactions in real time. Mohammed Qasim Al Ali, Group CEO of National Bonds, stated: 'We are pleased to welcome RAKBANK to Al Manassah. This partnership is another step forward in our mission to empower wider access to the Sharia-compliant platform through fintech and digital innovation. As the UAE continues to lead in digital transformation and inclusive finance—and with the country's ambition to become a global centre for the Islamic economy—collaborations like this are instrumental in turning that vision into reality. By working with like-minded institutions, we are making it easier for individuals and corporates to trade in Sukuk with confidence, efficiency, and peace of mind'. Raheel Ahmed, Group Chief Executive Officer of RAKBANK, said:"This partnership with Al Manassah is a natural extension of our commitment to deliver innovative, Sharia-compliant solutions that empower our customers. By leveraging advanced digital capabilities, we can offer greater accessibility and flexibility to individuals and businesses alike. We are proud to support the UAE's vision to be a global leader in Islamic finance, while further strengthening our Islamic banking proposition and deepening our connection with the Emirati community." National Bonds continues to scale the reach of Al Manassah across the UAE's financial ecosystem. The platform's growing network of partners, automated workflows, and unified trade standards are all underpinned by National Bonds' deep expertise in Islamic finance and commitment to financial empowerment. About National Bonds Corporation Sole Proprietorship PSC: National Bonds Corporation is a Sharia-compliant savings and investment company owned by the Investment Corporation of Dubai, established in 2006. It is licensed and supervised by the Securities and Commodities Authority and is audited by the Dubai Government Audit Department, Sharia Supervisory Board as well as reputable International external auditors. The company provides UAE nationals, UAE residents, and non-residents with an opportunity to build and fortify their savings safety net, as well as invest in programs that offer competitive returns with lower risk. Its goal is to encourage disciplined savings habits for people across the 7 Emirates, in line with the UAE Government's Vision for a financially secure and sustainable future. National Bonds offers an exciting AED 36 Million Rewards Program to all savers, with monthly and quarterly prizes ranging from AED 1 million to various luxury cars. About RAKBANK: RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C), is one of the UAE's oldest yet most dynamic banks. Since 1976, RAKBANK has been a market leader, offering a wide range of banking services across the UAE. We're a public joint stock company based in Ras Al Khaimah, UAE, with our head office located in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road. The Government of Ras Al Khaimah holds the majority of our shares, which are publicly traded on the Abu Dhabi Securities Exchange (ADX). RAKBANK stands out for its innovation and unwavering commitment to delivering awesome customer experiences. Our transformative digital journey aims to be a 'digital bank with a human touch,' accompanying you during key moments. With 21 branches and advanced Digital Banking solutions, we offer a wide range of Personal, Wholesale, and Business Banking services. Through our Islamic Banking unit, RAKIslamic, we provide Sharia-compliant services to make your banking experience seamless, whether you visit us in person or online.
Hi Dubai
01-07-2025
- Business
- Hi Dubai
National Bonds Reports 67% Rise in Regular Savers Following App Relaunch
National Bonds has seen a 67% jump in regular savers just three months after relaunching its mobile app, signaling a major step forward in the UAE's digital financial transformation. The Sharia-compliant savings and investment company reported strong growth across key metrics since the app's revamp. Fixed-term savings plans rose by 149%, new customer onboarding increased by 31%, overall sales grew by 40%, and the number of transactions climbed by 31%. The success highlights growing demand for seamless, tech-driven financial tools that give users greater control over their money. The updated app features an intuitive interface, smarter navigation, and real-time portfolio management tools, making it easier for customers to save, invest, and track performance. 'This growth in digital adoption is a powerful validation of our customer-first strategy,' said Rehab Lootah, Deputy Group CEO of National Bonds. 'We're helping individuals take greater control of their financial futures with AI-enabled, user-focused solutions.' The app's performance reflects National Bonds' broader commitment to digital innovation and supports the UAE's national vision for tech-led financial empowerment and responsible AI integration. News Source: Emirates News Agency
Arabian Business
30-06-2025
- Business
- Arabian Business
UAE savings: National Bonds app relaunch drives 67% rise in savers
National Bonds, the UAE's leading Sharia-compliant savings and investment company, has seen a sharp rise in digital engagement just three months after relaunching its mobile application. The relaunch has become a key driver in reshaping how UAE residents save and invest, supporting the country's broader digital transformation agenda. The newly enhanced app offers users a seamless, intelligent platform to track their portfolios, manage fixed-term plans, view profit projections, and connect with relationship managers—all within a more intuitive interface. UAE National Bonds The company reported the following increases compared to the previous three-month period: 67 per cent rise in regular savers 149 per cent surge in fixed-term savings plans 31 per cent increase in new customer onboarding 40 per cent growth in overall sales 31 per cent uptick in transaction volume These figures highlight rising demand for user-friendly, smart financial tools that help individuals build sustainable saving habits. Rehab Lootah, Deputy Group CEO of National Bonds, said: 'This growth in digital adoption is more than just a trend, it's a powerful validation of our customer first strategy. We've always placed the customer at the heart of every innovation, and the enhanced app is a direct reflection of that ethos. 'By blending simplicity, intelligence, and accessibility, we're helping individuals take greater control of their financial futures. 'As we continue to invest in AI-enabled, user-focused solutions, we remain committed to delivering intuitive, secure, and inclusive financial tools, fully aligned with the UAE's broader digital transformation and responsible AI vision.'
