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National Bonds’ sukuk investments rise 22% to Dh15.8 billion in 2024

The company distributed Dh588 million in returns to sukuk holders for 2024.

National Bond
Credit: WAM

National Bonds’ sukuk investments reached Dh15.8 billion ($4.2 billion) by the end of 2024, a 22% increase from Dh12.9 billion in 2023.

The company distributed Dh588 million in returns to sukuk holders for 2024, with some earning up to 4.75%, and an overall average return of 4.02%.

A 51% increase in regular savers was noted, reflecting a growing demand for structured savings plans, aligning with the UAE’s vision for enhanced financial well-being.

Enhancements to National Bonds’ mobile application led to a 41% rise in digital savings in 2024 compared to the previous year.

In 2024, National Bonds introduced end-of-service benefits programmes in collaboration with the Ministry of Human Resources and Emiratisation, set to launch this year.

The company’s investment strategy includes a 20% allocation to bank deposits, 30-40% to fixed-income assets, 10-12% to listed equities, 8% to private equity, and 20% to real estate.