National Bonds ties up with Dubai Airports

National Bonds Corporation, the investment company behind the leading Shariah-compliant saving scheme, has announced a strategic partnership with Dubai Airports to offer its staff the opportunity to join the National Bonds Employee Saving Scheme programme.

This scheme is the first of its kind in the UAE and is part of an ongoing initiative to encourage a savings culture and increase awareness around the importance of saving to ensure a secure financial future. The scheme enables companies to secure their employees and their families’ futures by providing additional benefits aimed at building staff loyalty to the organization and thereby increasing employee retention. The program is targeted at all government, semi-government and private organizations.

Launched in October 2009, the Employee Saving Scheme offers employees the opportunity to save a portion of their salary each month through National Bonds. The scheme, which is voluntary, is in addition to employees’ end-of-service benefits and is available to all existing and new staff that elects to join. Employees will also be entitled to all of the benefits offered by National Bonds, including weekly and monthly draws with thousands of prizes including a Million Dirham grand prize, competitive annual profits, no fee processes with no additional charges and free Life Takaful Coverage for every member.

The Memorandum of Understanding was signed by Mr. Mohammad Bitar, Chief Strategy and Risk Officer, National Bonds Corporation PJSC and Ms. Jill Nealon, Senior Vice President of Human Resources and Development of Dubai Airports. 

Mohammed Qasim Al Ali, Chief Executive Officer, National Bonds Corporation, said: “Since launching this new savings initiative, it has become increasingly evident that organizations are looking at alternative ways to ensure the loyalty and retention of their staff. We are pleased to welcome Dubai Airports to this scheme, and we commend them for demonstrating such commitment to the welfare of their employees.”

“It is vital that we continue to promote a savings culture in the UAE, and it is our aim to ensure this becomes a priority amongst all UAE citizens and Expat residents. We are pleased that Companies and specifically HR divisions are being more involved in promoting a company's social and financial values nowadays more than ever, and in turn National Bonds will continue to support those socially responsible organizations and their innovative HR Departments. It is our hope that more and more organizations within the UAE recognize the unique value of such a scheme, which provides a rewarding Sharia-compliant, highly-liquid, no fee savings experience, which will definitely incentivize their employees to start the path to a brighter financial future for them and their families.”

“Providing the safety, security and well-being of our employees is our top priority,” said Meshari Al Bannai, Head of Organizational Design, Dubai Airports. “This saving scheme gives our employees a flexible tool that improves their financial security now and in the future. We’re proud to offer it to them.”

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