National Bonds Corporation has launched Sukuk Express, a service that allows customers to deposit up to AED 20,000 daily in their National Bonds accounts via 1,000 quick payment machines, according to a press statement.

Designed and installed by MBME (The Cube), a kiosk and self-service payment solutions provider, the new strategic partnership complements National Bonds’ plan to expand its distribution network of 1,700 centres that have been established in conjunction with the UAE’s leading banks and money exchange centres.

“At National Bonds, we consider it a core priority to boost the culture of savings in the UAE and encourage our customers to stay committed to financial planning,” said Hani Hussein, COO, National Bonds Corp. “The quick payment machines are efficient, safe, easy-to-use and enable customers to deposit up to AED 20,000 daily in their National Bonds accounts,”

Ahmed Bibars, Executive Director of Retail & Distribution added: “We are keen to provide our customers with access to smart services that save them time and effort and help them put in place a regular financial saving process regardless of where they are located.

“Our efforts are also aligned with the UAE’s vision to offer the highest levels of customer service by continually developing innovative ideas to meet the dynamic demands of the new generation customer.”

According to the results of the 2014 National Bonds Savings Index, 77% of those surveyed felt that their savings were insufficient for the future. However, this percentage reflects a noticeable improvement over 2013 when 86% of participants made the same observation.

Headquartered in Dubai, National Bonds is a UAE-based Shariah-compliant savings and investments company.