Investment Corporation of Dubai (ICD) has taken over National Bonds Corporation, a Sharia-compliant investment scheme that offers monthly prizes.
The Dubai Government investment company purchased the 50 per cent of National Bonds it did not already own, ICD announced yesterday. No terms were disclosed.
National Bonds sold Dh2 billion (US$545 million) of bonds last year and has 610,000 customers, a 9 per cent increase from 2009, the company said.
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