National Bonds Reports Record AED 15.8 Billion in Sukuk Investments
National Bonds has announced a record-breaking AED 15.8 billion (US$4.2 billion) in Sukuk investments by the end of 2024, marking a 22% increase from AED 12.9 billion in 2023.
The surge is attributed to the growing number of regular savers and the adoption of digital savings solutions.
The company distributed AED 588 million in returns to Sukuk holders for 2024, with top-tier savers earning up to 4.75%, while the overall average return stood at 4.02%. The number of regular savers grew by 51%, highlighting a rising preference for structured savings plans, aligning with the UAE's vision of financial security and sustainability.
Digital adoption played a crucial role, with a 41% increase in digital savings in 2024, following enhancements to National Bonds' mobile application. Additionally, the company introduced an end-of-service benefits programme in collaboration with the Ministry of Human Resources and Emiratisation (MOHRE), set to launch this year.
Mohammed Qasim Al Ali, Group CEO, emphasized National Bonds' commitment to building a future-ready savings ecosystem. 'We assess emerging trends and customer expectations to create solutions that foster financial resilience. This approach has fueled our 22% portfolio growth and strengthened customer confidence,'
he stated.
National Bonds follows a low-to-medium risk investment strategy, allocating 20% of its portfolio to bank deposits, 30-40% to fixed-income assets, 10-12% to listed equities, 8% to private equity, and 20% to real estate. The company's AED 36 million annual rewards program further encourages disciplined saving habits.
With robust financial performance and strategic innovation, National Bonds continues to drive savings culture in the UAE, reinforcing its position as a trusted financial partner.
News Source: Emirates News Agency
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