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Monday, May 20, 2024

National Bonds strikes deal with Lulu Exchange to boost savings culture


National Bonds, the UAE’s leading Shariah-compliant savings and investment company, has partnered with global cross-border payments company Lulu Exchange to offer customers the opportunity to grow their savings.

The partnership will make it easier and more convenient for UAE nationals and expats to choose from National Bonds’ diverse savings solutions and instantly fund their National Bonds through any of the 91 Lulu Exchange branches across the UAE Account recharge.

Commenting on the partnership, Mohammed Qasim Al Ali, CEO of National Bonds Group, said: “At National Bonds, we are committed to our mission of empowering UAE nationals and residents to take control of their financial future, while also striving to provide smart and convenient , helping them easily access services so they can make prompt and confident decisions in a timely manner. Our partnership with a financial giant like Lulu Exchange is another step toward this mission. Through a leading savings and investing With this partnership between the company and a reputable financial institution, we hope to push the boundaries of the savings culture in the UAE and ensure everyone can start their savings journey.”


Adeeb Ahamed, Managing Director of LuLu Financial Group, expressed optimism about the benefits of the partnership, saying: “Investing in reliable savings vehicles is key to one’s financial health and National Bonds has been a trusted partner in helping its clients achieve this. Providers. Through our extensive branch network, we hope to raise awareness of the various national bond schemes and instill a culture of savings among our clients.”

Historically, National Bonds savings plans have delivered very competitive profit margins to savers each year. Customers who sign up through Lulu Exchange will automatically be enrolled in a rewards program managed by National Bonds, in addition to National Bonds’ ongoing AED 35 million (US$9.53 million) annual rewards program – which will award more than 400,000 prizes each year. — trade arab news agency


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