National Bonds Corporation Saving Bonds
Islamic Investing in Abu Dhabi
The flagship entry product of the UAE's national Mudarabah savings institution. Saving Bonds are sold in units of AED 10 with a minimum purchase of AED 100, no minimum balance fees, and full flexibility to top up regularly or ad hoc. Savings participate in National Bonds' Shari'a-compliant Mudarabah investment pool, which distributed returns of up to 4.45% for 2025, and every bond enters the AED 36 million annual Rewards Program, including AED 1 million prizes for 2 winners every quarter and a luxury car draw every month. National Bonds is 100% owned by the Investment Corporation of Dubai and passed AED 18 billion in bondholders' funds with over one million bondholders in 2025.
Saving Bonds are the default on-ramp into the UAE's most important Shari'a-compliant savings institution, and the honest read is that you buy them for flexibility, institutional safety and the prize overlay rather than for a published yield. National Bonds discloses governance better than almost any Gulf peer, with real fatwas on its website, but it discloses pricing worse than a bank deposit: you learn what your money earned only after the year closes, and the headline 4.45% is a ceiling, not a promise. For money you want working harder with a stated anticipated rate, the same institution's Term Sukuk publishes weekly updated anticipated returns at a AED 10,000 minimum.
Pros
- Lowest entry point in UAE Shari'a-compliant saving: AED 100
- Published fatwas including capital protection and profit weightage rulings, rare transparency for the region
- Government-linked issuer: 100% owned by Investment Corporation of Dubai
- One million plus bondholders and AED 18 billion pool provide scale and track record (20 years in 2026)
- Rewards Program layered on top of profit rather than replacing it
Cons
- 'Up to 4.45%' is the best-case 2025 distribution; actual product-level rates depend on profit weightages and can be much lower
- Profit is declared after the fact, not published as a forward expected rate for this product
- Prize-led marketing can crowd out scrutiny of the underlying return
- Redemption processing and rewards eligibility rules sit in terms and conditions, not on the product page
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Product Details
Profit Structure
Mudarabah pool with published profit weightages; annual distribution declared after year end
Monthly Fee
AED 0
Min Deposit
AED 100 (units of AED 10)
National Bonds Corporation in Abu Dhabi
National Bonds Corporation's Saving Bonds is accessible to investors in Abu Dhabi, structured as Mudarabah (national savings scheme): UAE savings and investment products onboard digitally, so emirate matters less than fees and governance. National Bonds Corporation operates across the UAE, so Abu Dhabi 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
National Bonds runs the world's first all-in-one Shari'a-compliant Mudarabah-based national saving scheme: bondholders are capital providers (rab al mal) and National Bonds Corporation is the mudarib investing the pool in Shari'a-compliant assets, with profit distributed according to published weightages rather than a guaranteed interest rate. The governance file is stronger than most Gulf retail institutions: a four-scholar Shari'a Supervisory Board from Minhaj Advisory chaired by Sheikh Prof. Yousef Al Shubaily oversees products and investments, and the company publishes the actual fatwas, including a Mudarabah Capital Protection Fatwa explaining how capital is protected within a Mudarabah without violating loss-sharing rules, and a Profit Weightages Fatwa covering how different products share pool profit. Prize draws are funded as promotional gifts rather than from bondholder capital, the structure the Rewards Program relies on for permissibility. The company is licensed by the SCA (Category 2 Dealing in Investment, licence 20200000170; Category 5 Arranging and Advice, licence 20200000100) and audited by the Dubai Government Financial Audit Authority alongside its Sharia Supervisory Board. Caveat: profit rates are announced after the fact (up to 4.45% for 2025) and the 'up to' framing means individual products and weightages can pay materially less.
Regional Availability
National Bonds Corporation serves all of the UAE
✓ Available nationwide including Abu Dhabi
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NationwideHalal Investment Growth Estimate
See how your halal investments could grow over time
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.