National Bonds Launches First-of-its-kind Second Salary plan for UAE Residents for retirement plan

National Bonds Launches First-of-its-kind Second Salary plan for UAE Residents for retirement plan
Monday, March 27, 2023

  • Second Salary is an affordable flexible savings plan designed to help UAE Nationals and Expats secure a supplementary income to safeguard their future financial stability
  • Profit earned is compounded monthly to provide enhanced returns


Dubai, UAE, 27 March 2023: National Bonds, the UAE’s leading Shari’a-compliant savings and investment company, today announced the launch of Second Salary - a customised savings solution created for the UAE’s National and Expat population. Second Salary is designed to help individuals generate supplementary income. The plan is the first part of a long-term program aiming to provide the best retirement plans in UAE.

National Bonds’ Second Salary is a bespoke savings plan that offers a flexible, convenient and easily-accessible solution to UAE residents to safeguard their future financial stability. As a first-of-it-kind savings plan, Second Salary aims to empower people by offering a personalised additional income-generating solution to ensure that individuals continue to enjoy their desired life style.

The new Second Salary plan comprises of two main phases starting with the “Saving” phase, where customers place money into National Bonds every month over a period of their choosing between 3 and 10 years, and the subsequent “Income” phase, where the customer begins to draw income every month. In this phase, customers receive their base investment amount monthly plus their accumulated profit. For example, if customers save AED 5,000 monthly for 10 years, they could expect to receive AED 7,500 monthly for the subsequent 10 years. Similarly, if customers were to save AED 5,000 per month for 5 years, but choose to redeem within a period of the next 3 years, they could take home a monthly amount of AED 10,020 for three years– more than double the monthly savings.

Customers who opt for Second Salary need to place a minimum monthly investment of AED 1,000 for a minimum period of 3 years,

With complete flexibility provided to customers over the amount and tenure of the savings and salary phases, customers can devise their Second Salary plan to create the safety of a supplementary monthly income for the future. Customers can also choose to redeem their savings as a lump sum instead of monthly payments to fulfil their financial goals such as payment of education fees, downpayment for a house or for investments .

In addition to economic empowerment, Second Salary customers have the opportunity to boost their financial well-being with exciting rewards and cash prizes from National Bonds. Customers also get access to National Bonds’ attractive AED 35 million rewards program with significantly enhanced chances of winning by up to 30 times, based on the length of the savings term they choose.

Commenting on the first ever Second Salary plan, Mohammed Qasim Al Ali, Group CEO of National Bonds, said: “We created the Second Salary plan in response to the growing demand for ways to create a sustainable extra income for our customers. As the UAE takes steps to safeguard the future of expats with long-term initiatives like the Golden Visa, residents are seeking practical solutions  to create additional income streams to carry them through life's various stages. We take pride in offering a highly personalized and flexible savings plan in Second Salary, which provides UAE residents with an affordable seamless  enabler to achieving financial security. Our commitment to innovation in the industry remains steadfast as we constantly strive to develop new innovative avenues for our customers to enhance their financial futures."

By devising new ways to help build a stronger culture of savings in the UAE, National Bonds aims to help people to build longer-term prospects and financial health for the future through its unique, simple and flexible solutions.

For more information about Second Salary, download the mobile app from Google and Apple stores or visit Second Salary (