Latest news with #NationalBonds'
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
Al Etihad
30-06-2025
- Business
- Al Etihad
National Bonds App relaunch drives 67% surge in regular savers
30 June 2025 19:38 DUBAI (WAM)National Bonds, the UAE's leading Sharia-compliant savings and investment company, has released results following the relaunch of its mobile application. Just three months post-launch, compared to the preceding three months, the app has emerged as a powerful digital tool driving a 67% surge in regular savers and marking a major milestone in the company's digital transformation numbers paint a compelling picture: a 149% surge in fixed term savings plans, a 31% rise in newly onboarded customers, a 40% increase in sales, and a 31% uptick in number of figures reflect a growing demand for seamless, smart savings solutions and underscore how technology is reshaping everyday financial habits empowering users to take greater control of their financial the core of this success is a simple but powerful truth: people are seeking smarter, more personalised ways to secure their financial future, and the new National Bonds experience rises to meet that redesigned app features an intuitive interface, enhanced navigation, and intelligent tools that make saving not only easier but more engaging. Customers can now seamlessly track their portfolios, view profit projections, manage fixed-term plans, and even connect directly with relationship managers for real-time enhancements reflect National Bonds' commitment to innovation and align with both its long term digital strategy and the UAE's broader vision for digital transformation and responsible AI integration in the financial on the results, 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.' As digital adoption accelerates across the region, National Bonds remains committed to financial empowerment through innovation. The success of the revamped app represents not only a product relaunch but a reimagined future one where every UAE resident is equipped with smart tools to save consistently and live more securely.
Hi Dubai
14-05-2025
- Business
- Hi Dubai
National Bonds Expands Young Investor Programme to 50 Schools Across UAE
National Bonds has announced the nationwide expansion of its Young Investor Programme, aiming to reach 50 schools and engage 75,000 students across the UAE over the next three years. In partnership with the Knowledge Fund Establishment, the initiative builds on the success of its pilot phase launched in 11 Dubai schools, where it received strong support from students, parents, and educators. The programme blends theoretical learning with real-world financial applications, encouraging students to explore saving strategies, investment tools, and entrepreneurship. Over the coming years, participating students will be challenged to develop small-scale investment or business projects. Selected initiatives will undergo feasibility evaluations, with standout proposals receiving support and recognition to help bring them to life. As part of the programme, high school students recently attended hands-on workshops at National Bonds' headquarters, covering topics such as budgeting, market research, customer service, data analysis, and communication. A new group of Grade 11 and 12 students is expected to join during the upcoming summer break. The curriculum, originally designed for students in Grades 5 and 6, is being updated to reflect evolving financial trends, incorporating modules on artificial intelligence, digital currencies, and everyday money management. Rehab Lootah, Group Deputy CEO of National Bonds, said the pilot outcomes surpassed expectations, highlighting the programme's role in building financial confidence among youth. Ohood Al Ichlah from the Knowledge Fund Establishment echoed the sentiment, calling financial literacy a 'cornerstone of future success.' Launched in early 2024, the Young Investor Programme aims to instil a savings mindset while equipping students with the skills to make informed, responsible financial decisions for the future. News Source: Emirates News Agency
Hi Dubai
18-03-2025
- Business
- Hi Dubai
UAE Residents Opt for Longer-Term Savings as Interest Rates Set to Decline
With interest rates expected to drop in line with the US Federal Reserve's anticipated cuts, UAE residents are increasingly opting for long-term savings to secure higher returns. Financial institutions have reported a surge in deposits as savers seek to lock in current high yields before they decline. 'People are choosing longer saving tenures, between three and 10 years, through products like our Millionaire product, Second Salary, and Booster schemes. They know rates will eventually drop, so they prefer securing returns of 3.5% to 4% for the next four to five years rather than renewing deposits annually at lower rates,' said Mohammed Qasim Al Ali, Group CEO of National Bonds. Shariah-compliant financial institutions offer profit rates instead of interest, attracting depositors looking for stable, risk-free returns. National Bonds' Second Salary savings programme allows residents to save from Dh1,000 per month with flexible tenures. Savings culture is growing across income levels, with National Bonds reporting a 51% increase in regular savers and 45,800 new customers in 2024. The company's investment portfolio surged to Dh15.8 billion, marking 22% growth. Customers earned up to 4.75% returns, benefiting from high interest rates. The company is also integrating AI-driven financial planning tools, including a robo-advisor to guide customers on savings strategies and debt management. Digital savings increased by 41% in 2024 due to these innovations. Additionally, National Bonds plans to expand its real estate portfolio with a new office tower in Barsha Heights by 2025. With economic conditions shifting, UAE residents are strategically positioning their finances, prioritizing structured savings to maximize returns before the anticipated interest rate cuts take effect. News Source: Khaleej Times
Hi Dubai
18-03-2025
- Business
- Hi Dubai
National Bonds Reports Record AED 15.8 Billion in Sukuk Investments
National Bonds has announced a record-breaking AED 15.8 billion (US$4.2 billion) in Sukuk investments by the end of 2024, marking a 22% increase from AED 12.9 billion in 2023. The surge is attributed to the growing number of regular savers and the adoption of digital savings solutions. The company distributed AED 588 million in returns to Sukuk holders for 2024, with top-tier savers earning up to 4.75%, while the overall average return stood at 4.02%. The number of regular savers grew by 51%, highlighting a rising preference for structured savings plans, aligning with the UAE's vision of financial security and sustainability. Digital adoption played a crucial role, with a 41% increase in digital savings in 2024, following enhancements to National Bonds' mobile application. Additionally, the company introduced an end-of-service benefits programme in collaboration with the Ministry of Human Resources and Emiratisation (MOHRE), set to launch this year. Mohammed Qasim Al Ali, Group CEO, emphasized National Bonds' commitment to building a future-ready savings ecosystem. 'We assess emerging trends and customer expectations to create solutions that foster financial resilience. This approach has fueled our 22% portfolio growth and strengthened customer confidence,' he stated. National Bonds follows a low-to-medium risk investment strategy, allocating 20% of its portfolio to bank deposits, 30-40% to fixed-income assets, 10-12% to listed equities, 8% to private equity, and 20% to real estate. The company's AED 36 million annual rewards program further encourages disciplined saving habits. With robust financial performance and strategic innovation, National Bonds continues to drive savings culture in the UAE, reinforcing its position as a trusted financial partner. News Source: Emirates News Agency
