National Bonds, the Sharia-compliant national savings scheme of the UAE, announced recently the launch of its back-to-school rewards program, where ten students will have the chance to win tuition fees up to Dhs500,000.
As part of the promotion, bondholders need to make a minimum investment of AED500, in their child's name, and stand to win AED50,000 worth of tuition fees.
In addition, bondholders have the opportunity to be part of the monthly 26,318 prizes worth Dhs5m.
The program will run until August 15, 2008.
According to Mohammad Qasim Al Ali, CEO of National Bonds Corporation:
'National Bonds is based on the concept of supporting families achieve their financial goals. As everyone's favorite place to save, we continuously strive to offer our bondholders opportunities to enhance their life and contribute to their financial growth. We hope through this rewards program, parents will enjoy greater peace of mind and be able to enroll their children in a school or university of their choice.'
In conjunction with the back-to-school promotion, special kiosks will be set up in leading UAE malls, including Ibn Batuta Mall, Dubai; Marina Mall, Abu Dhabi; and AI Ain Mall, in Al Ain.
Visitors will have the opportunity to learn about the benefits of investing in a simple, safe and profitable scheme such as National Bonds and purchase bonds from the kiosks.
National Bonds can be purchased from over 300 outlets nationwide, including exchange houses and banks.
These include Emirates Islamic Bank, Dubai Islamic Bank, Sharjah Islamic Bank and exchange houses: Al Ansari, Al Fardan, Al Ghurair, Redha Al Ansari, Al Rostamani International, UAE Exchange, Wall Street Exchange, Lari Exchange and Habib Exchange.