National Bonds, the UAE’s leading Shari’a-compliant savings and investment company, introduced a new savings plan called the Second Salary plan. This plan is aimed at providing UAE residents with a customized solution to generate additional income and ensure their future financial stability. The plan comprises of two main phases – the “Saving” phase and the “Income” phase.
During the “Saving” phase, customers place a predetermined amount of money into National Bonds every month for a period of their choosing between 3 and 10 years. This phase allows customers to build up their investment over time and benefit from the guaranteed return on investment.
Customers must invest a minimum of 1,000 dirhams per month for three years under the Second Salary plan
The Second Salary plan is the first of its kind UAE savings plan, with the goal of empowering people by providing a personalized extra income-generating solution. This plan ensures that people can continue to live their desired lifestyle after retirement without worrying about their financial security.
National Bonds are dedicated to providing the best retirement plans to UAE residents, and the Second Salary plan is just the beginning.
The company intends to introduce more innovative and customized solutions to assist people in achieving their financial goals and securing their future.
This plan is aimed at providing UAE residents with a customized solution to start generating additional money and ensure their future financial stability. The plan is divided into two parts: the “Savings” phase and the “Income” phase.
Customers place a predefined amount of cash into National Bonds every month for a period of 3 to 10 years during the “Saving” phase. This phase allows consumers to build up their investment over time and benefit from the guaranteed investment return.
Customers enter the “Income” phase after the “Saving” phase, where they can begin drawing monthly income. Customers receive their base investment amount plus their accumulated profit each month during this phase.
Suppose a customer saves 5,000 dirhams per month for a period of ten years; in that case, they can anticipate receiving 7,500 dirhams monthly for the succeeding decade.
Customers can choose the amount and term of their investment with the Second Salary plan. For Example – assuming a customer saves 5,000 dirhams per month for five years but opts to redeem within three years, they could receive a total of 10,020 dirhams per month over the course of three years – exceeding twice their monthly savings.
The Second Salary plan requires customers to invest a minimum of 1,000 dirhams per month for a duration of three years. The plan is designed to offer a customized approach for clients to earn additional income, allowing them to maintain their preferred lifestyle post-retirement.
National Bonds’ Second Salary plan gives customers complete control over the amount and duration of the savings and salary phases. Customers can design a plan that meets their financial goals and preferences, offering them a safety net of supplemental monthly income in the future.
Clients also have the option to claim their accrued funds in a single payment instead of receiving it on a monthly basis. This flexibility enables patrons to accomplish their monetary objectives such as financing education, making a down payment on a property, or engaging in investments.
National Bonds aim to provide customers with a customization plan that suits their unique financial needs by giving them the option to redeem their savings as a lump sum.
Aside from the economic empowerment that Second Salary provides, clients, can take advantage of exciting rewards and cash prizes from National Bonds. Customers can also participate in the company’s 35 million dirhams rewards program, which offers up to 30 times the chances of winning based on the length of their savings term.
This provides customers with an extra incentive to save and invest with National Bonds, thereby improving their financial well-being.
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Mohammed Qasim Al Ali, CEO of National Bonds, emphasized the growing demand among UAE residents for practical solutions to create extra income streams.
He stated that the Second Salary plan was developed to offer a personalized and flexible savings plan that provides an affordable and smooth means of achieving financial security. As the UAE takes long-term initiatives like the Golden Visa to protect the future of expats, National Bonds aim to help residents generate sustainable extra income.
National Bonds are dedicated to creating a stronger savings culture in the UAE through its innovative solutions. The Second Salary plan is intended to provide customers with a customization solution for generating additional income and ensuring their future financial stability.
With their unique, simple, and flexible solutions, National Bonds aim to help people create longer-term opportunities and financial health for the future.
National Bonds’ dedication to innovation and providing solutions to client’s financial requirements has enabled the company to establish itself as a leading Shari’a-compliant savings and investment firm in the UAE.