The voluntary scheme, a first-of-its-kind in the UAE, represents National Bonds’ ongoing commitment of encouraging a savings culture and increasing awareness about the importance of planning ahead to ensure a secure financial future.
Launched in October 2009, the Employee Savings Scheme offers employees the opportunity to establish their own individualized savings plan by deducting a portion of their salary each month via their payroll department through National Bonds. Available to all existing and new staff that choose to participate, the program does not affect employees’ end-of-service benefits and entitles them to all the benefits offered by National Bonds, primarily the competitive annual profits, no fee processes, weekly and monthly draws with thousands of prizes including a Million Dirham grand prize, and Life Takaful insurance for every member.
Commenting on the partnerships, Mr. Mohammed Qasim Al Ali, Chief Executive Officer, National Bonds Corporation said: “The National Bonds Employee Savings Scheme enables companies to increase staff loyalty and employee retention by providing staff with added benefits. This scheme can also act as an alternative “Retirement Plan” for both nationals and expats. We are pleased to welcome Dubai Duty Free to this scheme, and we commend them for demonstrating such commitment towards the welfare of their employees.”
He added, “It is our hope that more and more organizations within the UAE will recognize the unique value of such a scheme. We are confident that the provision of a rewarding, Sharia-compliant, highly-liquid, and no-fee savings experience will incentivize employees to takethe path towards a brighter financial future for them and their families.”
Commenting on the scheme, Mr. Colm McLoughlin, Executive Vice Chairman of Dubai Duty Free said: “We are very pleased to join forces with National Bonds to introduce this voluntary saving scheme to our 5,000 employees. The welfare of our staff is central to us as an organization and we believe it is very important that all of our staff know the benefits of saving and how the National Bonds employee saving scheme can give them and their families added security for their futures.”
Over the past 29 years Dubai Duty Free has become one of the leading airport retailers in the world. It joins a host of high-profile organizations in the UAE that have adopted the National Bonds Employee Savings Scheme, including Dubai Health Authority, Dubai Export Development Corporation, Dubai Airports and Financial Markets amongst others.
National Bonds certificates are available for purchase in over 670 outlets nationwide including, National Bonds website, Emirates Post offices, exchange houses and banks. For more information, visit www.nationalbonds.ae or call 600 522 279.