UAE’s National Bonds investments increased to $2.4bln in 2020

SourceZawya
SectorFinancial Markets
CountryUAE

It was also announced that, those with holdings of AED1 million or above earned a minimum return on investment (ROI) of 2.95 percent, one of the highest in the region. Meanwhile, the current market EIBOR rate for 1-year is 0.50 percent.The earnings on holdings were as follows: those with holdings ranging from AED350,000 to AED1,000,000 earned a minimum ROI of 2.45 percent, from AED150,000 to AED350,000 earned a minimum ROI of 1.80 percent, those with AED100,000 to AED150,000 enjoyed a minimum ROI of 1 percent, while accounts ranging from AED50,000 to AED 100,000 reached a minimum ROI of 0.85 percent. in addition, bondholders also received enhanced return on investment through National Bonds’ extensive reward program which distributed a staggering AED35 million worth of rewards during 2020, (from Mudarib’s own funds).Aside from profits, the company’s number of regular savers rose by 21 percent year-on-year in 2020; while the digital sales made via its enhanced mobile application and website climbed by more...read more...