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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

National Bonds announces 2pct profit rate for 2011

Posted on 05 March 2012

National Bonds Corporation (NBC), the Shariah-compliant saving scheme, on Saturday announced a profit rate of up to 2 per cent for 2011, the lowest since its inception in 2006. The company had announced a profit rate of 3.78 per cent for 2010 and 3.54 per cent for 2009.
In a statement, Mohammed Qasim Al Ali, CEO, NBC, said: “The year passed posed many challenges for investors as the global economy struggled to recover from the crippling effects of the financial crisis and regional unrest destabilized many economies………………………………………..Full Article: Source

 
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