National Bonds Corporation Term Sukuk
Islamic Investing in Ajman
National Bonds' fixed-term lump sum product: invest from AED 10,000 for 3, 6 or 9 months or 1 year and earn anticipated profit that the company updates weekly, with payout monthly, quarterly or at maturity depending on plan. One-year plans pay monthly profit. Capital is protected as per the National Bonds Mudarabah structure, and investors enter the AED 35.5 million Rewards Program including AED 1 million prizes and 16 luxury cars. This is the institution's answer to an Islamic bank term deposit, with shorter minimum tenors than most and a materially lower entry point than bank wakala deposits.
Term Sukuk is the product to use once your National Bonds balance outgrows Saving Bonds: same institution, same board, but a stated weekly-updated anticipated rate and defined tenors. The AED 10,000 floor undercuts most Islamic bank term deposits, and the 1-year-with-monthly-payout construction is genuinely useful for income seekers. Two frustrations: the public page tells you rates are 'compelling' without printing them, pushing you into the app to see actual numbers, and the 'sukuk' name flatters what is structurally a term Mudarabah savings plan. Compare the in-app rate against Islamic bank deposit ladders before committing; at equal rates, National Bonds' fatwa transparency and prize overlay tip the scale.
Pros
- Entry at AED 10,000, well below typical UAE bank wakala deposit minimums
- Weekly rate updates give real pricing visibility unusual for National Bonds' shelf
- Published capital protection fatwa addresses the classic Mudarabah principal question head-on
- 3-month tenor suits short parking that most Islamic deposits penalize
- Prize program stacks on top of profit
Cons
- Actual numeric anticipated rates live behind the app rather than on the public product page
- Not a tradable sukuk despite the name: no secondary market, issuer redemption only
- Anticipated is not guaranteed; payouts track pool performance
- Early redemption mechanics before maturity are not spelled out on the page
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Product Details
Term Options
3 months, 6 months, 9 months, 1 year
Profit Structure
Mudarabah anticipated profit, paid monthly, quarterly or at maturity by tenor; capital protection per published fatwa
Monthly Fee
AED 0
Min Deposit
AED 10,000
National Bonds Corporation in Ajman
National Bonds Corporation's Term Sukuk is accessible to investors in Ajman, structured as Mudarabah (fixed-term savings plan): UAE savings and investment products onboard digitally, so emirate matters less than fees and governance. National Bonds Corporation operates across the UAE, so Ajman residents have full access to this product.
Shariah Compliance & Oversight
Shari'a Supervisory Board (SSB) from Minhaj Advisory, chaired by Sheikh Prof. Yousef Abdullah Al Shubaily (Chairman and Executive Member), with Sheikh Prof. Nazih Hammad (Deputy Chairman), Sheikh Prof. Mohammad Abdul Rahim Sultan Al Olama (Member) and Sheikh Dr. Ahmed Saleh Almarzooqi (Member). The board oversees all financial aspects including product-related operations and investments, and National Bonds publishes its underlying fatwas online: the Mudarabah Capital Protection Fatwa, the Profit Weightages Fatwa, the Sukuk al Waqf Fatwa and a Zakat Shari'a Pronouncement (2025) (nationalbonds.ae/shariascompliance, crawled 2026-08-05).
2026-08-05
Why It's Halal
Term Sukuk is a Mudarabah-based term investment rather than an interest-bearing deposit: the anticipated returns published weekly are expected profit shares from National Bonds' Shari'a-compliant pool, not contractual interest, and the capital protection mechanism is the one specifically covered by the company's published Mudarabah Capital Protection Fatwa from its Minhaj Advisory Shari'a Supervisory Board. Product operations and the investment pool sit under the same four-scholar board chaired by Sheikh Prof. Yousef Al Shubaily, with SCA licensing and Dubai Government Financial Audit Authority oversight at the entity level. The naming deserves one honest note: despite the name, this is a savings plan within the National Bonds Mudarabah scheme rather than a tradable capital-markets sukuk certificate; there is no secondary market and the instrument is redeemed with the issuer.
Regional Availability
National Bonds Corporation serves all of the UAE
✓ Available nationwide including Ajman
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NationwideHalal Investment Growth Estimate
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Total Value
AED 343,778
Contributed
AED 130,000
Growth
AED 213,778
Hypothetical projection. Past performance does not guarantee future results.
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.