Dubai: National Bonds, the leading Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has announced the launch of a unique initiative titled "Eidiya Bonds", an initiative that motivates all members of society to embark on a journey Savings and enhancing financial literacy.

These sukuk are represented in distinct electronic investment and savings cards that can be given as an electronic gift voucher to be an alternative to the Eid cash, which can be easily purchased through the application of the "National Bonds" application, while the sukuk gives the opportunity for community members to start their saving journey during the blessed Eid Al-Adha and throughout the year.

The smart application also allows the user the freedom to choose the design of cards and distinguish them on a special occasion such as giving Eid to loved ones or through other occasions such as birthday, graduation or other special occasions. The mobile application also allows attaching the gift card to a message to give it a personal touch.

Individuals can participate by specifying the value of the cash voucher they want from the Eid Sukuk, with the simplest value of 100 dirhams and up to 5,000 dirhams for each purchase.

Recipients of the electronic savings card can invest this card in one of the savings programs of "National Bonds" to benefit from the annual profits, as well as the opportunity to participate in the prize program amounting to 36 million dirhams.

Rehab Lootah, Group Executive Vice President at National Bonds Corporation, said that the Eid Sukuk is an important initiative that provides an opportunity to inform the community about the importance of saving and help them start their financial journey to ensure a prosperous future.

Eid Sukuk also helps individuals save money and gives them a unique gift.”

Lootah added: "We were keen on facilitating the saving process by giving members of the community the opportunity to choose their preferred method of buying sukuk and saving its value, with easy access to it through the mobile application. We seek to encourage everyone to start their own savings accounts where they can benefit from the sukuk presented to them. ".

Eid Sukuk can be purchased through the mobile application, which is available for iOS or Android. Customers can open a savings account and deposit the value of the Eid Sukuk by visiting one of the National Bonds branches