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National Bonds Corporation adds Sharjah Islamic Bank as new distribution partner

179 outlets in the UAE to sell National Bonds

In its efforts to meet the overwhelming demand for National Bonds, National Bonds Corporation (NBC), the pioneer of Sharia" complaint saving schemes, has added Sharjah Islamic Bank (SIB) as a new distribution partner. SIB is one of the UAE’s leading financial institutions and Sharjah’s biggest bank with an extensive network of branches.

The partnership will add 17 new outlets taking the total number of outlets in the UAE selling National Bonds to 179. The public can buy, inquire and invest in the national saving scheme directly from these outlets.

Nasser Bin Hassan Al Shaikh, Vice Chairman and CEO of National Bonds Corporation said: "The demand for National Bonds has been increasing persistently with each month. Offering National Bonds for distribution with partners like Sharjah Islamic Bank will strengthen our presence in Sharjah and the Northern Emirates. We look forward to a mutually beneficial and long term relationship. "

"National Bonds Corporation and Sharjah Islamic Bank share the same proactive and customer-centric approach in conducting business," said Mohammad Abdullah, Chief Executive Officer of Sharjah Islamic Bank. “We are delighted to be distribution partners of National Bonds, which encourage people to save according to Islamic principles."

The new partnership strengthens the network of distributors of National Bonds Corporation across the UAE, thus facilitating a wider audience to buy and invest in the National Bonds programme.

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