Dubai Police Ranks First among UAE Entities Committed to Regular Saving
National Bonds’ Employee Savings Program Registers High Uptake
Dubai-UAE: February 21, 2017 – National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, today announced that Dubai Police has topped a list of 100 entities in the UAE for signing up the highest number of employees to National Bonds’ Employee Savings Program.
More than 1,000 savers are now enrolled in the Tharwaty program that National Bonds designed specifically for Dubai Police personnel. Launched following a Memorandum of Understanding (MoU) that Dubai Police ratified with National Bonds in October 2016, Tharwaty aims to instil a culture of saving among Dubai Police employees.
Since signing the MoU in October 2016, National Bonds has organized several workshops and distributed information brochures to raise awareness of the importance of regular saving among Dubai Police teams. In addition, the company set up kiosks at 17 Dubai Police locations to promote the benefits of Tharwaty.
Apart from significant returns on savings each year, each program participant earns five entries into the draw to win up to AED480,260 as well as additional monthly draws exclusive to Dubai Police personnel. Furthermore, savers are also eligible to win a quarterly grand prize of AED1 million.
Witnessing a 279 percent growth in participation rates in 2016, National Bonds’ Employee Savings Program is one of the most popular savings schemes among private and public entities in the UAE. To date, a total of 100 institutions and companies from all sectors have signed up, with 7,383 employees benefiting from annual returns of up to 2.82 percent on the regular savings portfolio.
Speaking on the success of Dubai Police in motivating its employees to commit to regular saving, Mohammed Qasim Al Ali, CEO of National Bonds, said: “Dubai Police’s keenness in providing its employees with the tools of well-being and happiness through our Employee Savings Program reflects its conviction that financial stability is the shortest road to achieving this life goal. Financial planning mandates steady steps and commitment to a long-term savings plan that drives the achievement of employees’ dreams for a safe and sustainable future. We are proud that through contributing to the quality of life of both government and private sectors in the UAE, our savings program articulates the overall mission of National Bonds to provide UAE nationals and expats with the means to attain prosperity and well-being.”
He added: “We are confident that sharia-compliant savings products will enjoy greater popularity in the coming years. Companies and individuals alike are increasingly opting for responsible investments that contribute to the GDP and align with the efforts of our wise leadership to build a harmonious society whose social segments care about sustainable development.”