In a significant stride towards enhancing Sharia-compliant investment options, National Bonds, the UAE’s premier savings and investment company, has proudly joined forces with the DIFC Employee Workplace Savings (DEWS) Plan. This strategic collaboration aims to provide a sustainable and impactful investment option for employees enrolled in the DEWS Plan, promising a seamless and digital investment experience backed by National Bonds’ extensive expertise.
With over 18 years of experience in savings and investment management, National Bonds’ integration into the DEWS Plan is set to offer unparalleled benefits to its members. The agreement was formalized by Mohammed Qasim Al Ali, Group CEO of National Bonds, Hamed Kazim, Chairman of the DEWS Supervisory Board, Akeela Bharuchi from Equiom Fiduciary Services (Middle East) Limited (Master Trustee to the DEWS Plan), and Wilson Varghese, SEO of Zurich Workplace Solutions (Middle East) Limited (Administrator to the DEWS Plan).
National Bonds will be featured as a self-select investment option within the DEWS Plan, benefiting over 40,000 members. This Sharia-compliant savings program is designed to offer safe opportunities to grow wealth by diversifying managed assets and implementing robust risk management strategies. The primary aim is to preserve capital while distributing periodic returns to program participants, making it an ideal option for investors with low-risk tolerance seeking Money Market-like returns.
“Our collaboration with DEWS exemplifies our commitment to partnering with national entities in alignment with government initiatives,” said Mohammed Qasim Al Ali, Group CEO of National Bonds. “This agreement marks a significant milestone in our journey towards advancing financial literacy and independence in the UAE. By offering accessible and secure investment opportunities to employees, we empower UAE citizens and residents to take charge of their financial decisions, enhancing their end-of-service benefits along with other savings to amplify their present and future financial wellness.”
DEWS members who opt for the National Bonds investment option will benefit from competitive monthly anticipated returns on their end-of-service pool. Additionally, they will be eligible for the renowned National Bonds rewards program, which boasts AED35.5 million in rewards and currently serves over 15,000 customers through the Golden Pension Plan initiative.
This announcement comes at a time of notable achievements for National Bonds. The group has experienced significant success across various aspects and recorded impressive growth in its investment portfolio, which surpassed AED14 billion (US$3.8 billion) as of December 2023. This growth underscores the trust and confidence that investors place in National Bonds’ ability to deliver consistent and sustainable returns.
National Bonds stand out as a Sharia-compliant investment option that prioritizes financial stability and growth. Their savings program is tailored to meet the needs of individuals seeking secure and low-risk investment opportunities. By focusing on capital preservation and regular returns, National Bonds offers a reliable platform for growing wealth in a manner aligned with Islamic principles.
As National Bonds continues to expand its portfolio and enhance its services, the partnership with DEWS marks a new chapter in its mission to promote financial wellness in the UAE. This collaboration not only broadens the investment options available to DEWS members but also reinforces the importance of Sharia-compliant savings in today’s financial landscape.
The inclusion of National Bonds in the DIFC’s DEWS Plan is a testament to their dedication to providing secure and beneficial investment opportunities. With their proven track record and commitment to financial literacy, National Bonds is well-positioned to support the financial goals of DEWS members, ensuring a prosperous and secure future for all.
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