National Bonds, Lulu Exchange sign deal

National Bonds, a Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, has partnered with Lulu Exchange to provide customers and employees with the opportunity to accelerate their savings journey.

The partnership will make it easier and more convenient for UAE nationals and expats to choose from National Bonds’ diversified saving solutions and instantly top up their National Bonds account through any of the 91 Lulu Exchange branches spread across the UAE. Commenting on the partnership, National Bonds Group CEO, Mohammed Qasim Al Ali, said, “At National Bonds, while we’re working on our mission to empower nationals and residents of the UAE to take charge of their financial future, we’re also striving to deliver intelligent and convenient services to help them have easy access so that they can make swift and confident decisions on time.”

In turn, Adeeb Ahamed, Managing Director of LuLu Financial Group, said, “Investing in reliable savings instruments is key to one’s financial wellbeing, and National Bonds has always been a trustworthy provider in helping its customers achieve this goal. Through our wide network of branches, we hope to drive greater awareness around the various schemes of National Bonds and inculcate a culture of savings among our customers.”

National Bonds’ savings schemes have historically yielded highly competitive profit rates for savers yearly. Customers signing up through Lulu Exchange will automatically be enrolled into the rewards programme administered by National Bonds, aside from National Bonds’ ongoing Dhs35 million annual rewards programme — which will give away over 400,000 prizes yearly.