The Dubai-based savings and investment company, National Bonds, reported a 36 percent growth in its investments to $3.2 billion (Dh11.89 billion) in the year 2021.
Owned by the Investment Corporation of Dubai, it also reported a 64 percent jump in sales and 62.4 percent growth in the number of mobile digital savers in 2021.
According to Khalifa Al Daboos, Chairman of National Bonds, the growth is a “direct reflection” of the trend that more people are now shifting to financial instruments that offer lower risks.
“More and more people are going back to the roots of sound and lower risk savings to ensure their financial security,” Al Daboos said.
National Bonds allows customers to invest their money through a shariah-compliant saving scheme. Despite a low-interest-rate environment in 2021, savers earned returns of up to 3.33 percent on their savings, one of the highest in the region, according to the company.
Thus, it also witnessed that the savers who have kept their money in the company since 2006 have gained 64.11 percent in cumulative returns.
