Text size:

  • Small
  • Normal
  • Large

Dubai boy wins Dh1million from National Bonds draw

DUBAI // A five-year-old boy who won Dh1 million has already earmarked a portion of it for sweets.

Ebrahim Shaikh claimed the prize money from a February draw that was organised by the National Bonds Corporation. He became eligible when his father Fahimuddin opened a savings account in his name.

Mr Shaikh said that when he received a call from the chief executive of National Bonds, he initially thought it was a prank.

"I was watching the TV and suddenly this person was asking detailed questions about my bond dates, stuff like my personal information," he said. "Then I realised it wasn't just a normal prank call."

Mr Shaikh said that his son's bond savings had risen dramatically from the Dh15,000 he had in place originally. Although the family had to withdraw a portion of the prize money to make ends meet, 80 per cent had been kept in bonds for his future education or career development.

However, young Ebrahim, who claims he wants to be a "bike racer" when he grows up, has a more pressing outlet for the cash.

"I want to buy candy and sweets with it," said Ebrahim, who is an only child.

Originally from Hyderabad, India, the family of three has lived in Sharjah for a decade. Mr Shaikh, 40, called Ebrahim winning the prize their "happiest moment" since arriving.

"It's such a good feeling," he said. "I'm the father of a millionaire."

National Bonds Corporation offers a Shariah-compliant saving scheme whereby individuals can purchase bonds for themselves or minors with a minimum value of Dh100.

The organisation distributes more than 5,000 different cash prizes every month ranging from Dh100 to Dh1 million.

Not only do we make dreams come true with our life-changing one million dirham prize draw, but we also provide a low-risk and no-fee investment opportunity to allow bondholders' capital to grow favorably," said Mohammed Qasim al Ali, the chief executive of National Bonds Corporation.

mcroucher@thenational.ae

Back to the top

More articles


Editor's Picks

 An Egyptian Orthodox Christian priest give communion during the Palm Sunday service inCairo, Egypt. Mohamed El-Shahed / AFP

Region in focus - April 18, 2014

The best images of the last seven days from around the Gulf and across the Middle East.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

Video: Local reactions to a national fishing ban

A federal fishing ban has been imposed by the UAE federal government, but local authorities are taking diiferent approaches to implementing the ban. Two fishermen tell two very different sides of the story. Produced by Paul O'Driscoll

 Hamburg players leave the field after the match against Borussia Moenchengladbach on March 30, 2014. AFP

Hamburg the dinosaur’s time may be up in Bundesliga

Ever-present for 51 years in the German top-flight, Hamburg face the prospect of relegation, writes Ian Hawkey.

 The new Bentley GT Speed convertible on display at a press event of the New York International Auto Show. Jason Szenes / EPA

In pictures: Hot cars at New York International Auto Show

With more than 1 million visitors annually, the New York International Auto Show is one of the most important shows for the US car industry. Here are some of the vehicles to be shown in this year’s edition.

 The cast of Fast & Furious 7, including Michelle Rodriguez and Vin Diesel, centre, on set at Emirates Palace in Abu Dhabi. Jeffrey E Biteng / The National

Fast & Furious 7 filming in full swing at Emirates Palace

Filming for Fast & Furious 7 has started and we have the first photos of the cast and crew on set at Emirates Palace hotel this morning. Visitors staying at Emirates Palace say they have been kept away from certain areas in the grounds.

Events

To add your event to The National listings, click here

Get the most from The National