National Bonds launches Sukuk Express in the UAE

Source: National Bonds website.

National Bonds Corporation, a shari'ah-compliant savings and investments company in the UAE, has launched Sukuk Express, a new service that allows customers to deposit up to AED20,000 daily in their National Bonds accounts via 1,000 quick payment machines that have been installed across the country. A sukuk bond is issued for each deposit.

The new service makes use of MBME - The Cube kiosks and complements 1,700 National Bonds distribution centres that were established in cooperation with money exchange centres and local banks.

Hani Hussein, Chief Operating Officer at National Bonds Corporation, said: “At National Bonds, we consider it a core priority to boost the culture of savings in the UAE and encourage our customers to stay committed to financial planning. The quick payment machines are efficient, safe and easy to use and enable customers to deposit up to AED20,000 daily in their National Bonds accounts.”

Ahmed Bibars, Executive Director of Retail & Distribution at National Bonds, said: “We are keen to provide our customers with access to smart services that save them time and effort and help them put in place a regular financial saving process regardless of where they are located. Our efforts are also aligned with the UAE's vision to offer the highest levels of customer service by continually developing innovative ideas to meet the dynamic demands of the new generation customer.”

Click here for Sukuk Express locations.