National Bonds revises profit calculation methodology
Posted by mvalappil on Dec 21, 2010 | Leave a Comment
The National Bonds has revised profit calculation methodology for bond holders with effect from 1st January 2011. The revised calculation will be based on a weightage on term of investment. With the new methodology, the longer your savings & investment period, the higher will be your share of profit. As per the present method, no weightage was given for the period of holding and the bond holder was entitled...
You don’t have to get poorer!
Posted by mvalappil on Dec 07, 2010 | 4 Comments
‘The rich get richer and the poor get poorer’ – this is a catchphrase that people often use to criticize uneven economic development. It may be a fact though. I am not going to write a scholarly discussion on the economic theory here, but just to discuss from a common man perspective how does it happen!
How do rich get richer? If you have one million and deposit in a bank fixed deposit at a rate of 5% per annum,...
Fixed Deposit with Islamic Banks in UAE
Posted by Drops Savings on May 08, 2010 | 2 Comments
Fixed deposit is one option if you need to park your savings for a shorter period, say a year or less. Fixed deposit is for a fixed period from one month to one year or even more. Conventional banks offer a fixed interest rate which varies based on the duration. Islamic banks in UAE give better return compared to its counter part in the conventional banking sector. The rate with Islamic bank is not fixed upfront, but...
“I SAVE & I WIN” promotion from National Bonds
Posted by Drops Savings on May 06, 2010 | 1 Comment
The new promotion ‘I save, I win’ announced by National Bonds gives away exciting prizes including Blackberrys, iPhone, iPads, Gold Coins and Gold Bars with a grand draw for 1 Kilo gold in addition to the regular weekly draws for bonds which is cashable immediately . National Bonds is the sharia compliant national savings scheme of the UAE that provides a profit based annual returns besides weekly prize draws!
The...
Save with National Bonds
Posted by Drops Savings on Mar 28, 2010 | Leave a Comment
National Bonds gives a rare opportunity to keep their savings in a Shari’a compliant savings scheme with a minimum investment of just Dhs. 100 which makes it attractive to any one!
Liquidity
Investment in National Bonds can be withdrawn over the counter at any Emirates Islamic Bank branch up to Dhs. 10,000 a day. Any withdrawal application above Dhs. 10,000 will be processed within 3 working days
Return
Under the...
Spend or Save?
Posted by Drops Savings on Mar 28, 2010 | Leave a Comment
My uncle once said, “Nobody will see 100 Dirhams kept in the pocket, but if you buy a shirt and wear it.”
If asked why do you work, the answer will be to make money. Have you ever thought yourself why do you make money? Do you earn and save for the sake of making more money? It shouldn’t be so, really.
The answer can be ‘for living’. Yes we make money for living. Then why do we save? For living in...
You can subscribe by e-mail to receive news updates and breaking stories.