Dubai – MENA Herald: For the third year running, National Bonds Corporation, the leading sharia-compliant savings and investments company in the UAE, has been named ‘Best Islamic Savings Product’ at the Global Islamic Finance Awards (GIFA 2015).
The award was conferred on National Bonds during a ceremony held in Manama, Bahrain. Celebrating excellence in Islamic finance, the high profile event was hosted in the presence of leading experts and innovators from the world of business.
The award recognizes National Bonds’ success in spreading a culture of saving across the UAE and the wider region through a wide array of Sharia-compliant savings products that offer competitive annual returns, in addition to the region’s richest rewards programs in its category. One of the most noteworthy features of the National Bonds saving programs is their potential to encourage UAE nationals and residents working in both the government and private sector companies to effectively plan for a secure retirement through enrolling in the Employee Saving Program (ESP).
Commenting on the award, Mohammed Qasim Al-Ali, CEO of National Bonds, said: “We are delighted and honored at this recognition of our successful savings program, the first of its kind in the Islamic region, which has helped thousands of people in the UAE achieve financial stability and positive changes in their lives. It is for this reason that we believe our unique value offer is unmatched in the Islamic world.
“Winning this award for the third consecutive year will further incentivize us to do our utmost to promote financial responsibility and prudence among the general public. In order to guard against the risk of future economic crises, we will seek to educate those who find it hard to manage their finances and discipline themselves towards achieving their financial safety. This approach comes out of our conviction that financial planning significantly helps people to participate in the socio-economic development of our country.”
Al Ali added: “In our priority to ensure the well-being of all segments of the society, we design our savings and investment products in a way that caters to people’s long term financial requirements. Encouraging our customers to save enough to cover educational and other essential family expenses even if they are faced with job loss or retirement conforms to the principles of Islamic Sharia and our commitment to making innovative Islamic products the ideal choice for shaping a sustainable financial future for our customers.”
The International Islamic Finance Award function is organized annually by Edbiz Consulting.