National Bonds To Offer Sharia-Compliant Savings In DIFC's DEWS Plan

National Bonds, the UAE’s leading Sharia-compliant savings and investment company, has announced its inclusion as an investment option within the DEWS (DIFC Employee Workplace Savings) Plan. This strategic collaboration aims to provide a sustainable investment option for employees enrolled in the plan.

Through this integration, DEWS members opting for National Bonds as their investment choice will experience a seamless digital investment journey, leveraging over 18 years of expertise in savings and investment management. The agreement was signed by Mohammed Qasim Al Ali, Group CEO of National Bonds, Hamed Kazim, Chairman of the DEWS Supervisory Board, Akeela Bharuchi of 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).

As part of this partnership, National Bonds will be featured as a self-select investment option within the DEWS Plan, benefiting its 40,000+ members. The Sharia-compliant savings program offers safe opportunities to grow wealth by diversifying managed assets and implementing a risk management strategy to preserve capital and distribute periodic returns to participants. This option is ideal for investors seeking Sharia-compliant savings with low-risk tolerance, aiming for Money Market-like returns.

"Our collaboration with DEWS exemplifies our commitment to partnering with national entities in alignment with government initiatives. This agreement marks a significant milestone in our journey toward advancing financial literacy and independence in the UAE," said Mohammed Qasim Al Ali, Group CEO of National Bonds. "By offering accessible and secure investment opportunities to employees, we empower UAE citizens and residents to take charge of their financial decisions and enhance their end-of-service benefits along with their other savings to amplify their present and future financial wellness."

DEWS members selecting 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 of AED35.5 million, which now serves over 15,000 customers through their Golden Pension Plan initiative.

Significant Growth

The announcement coincides with a period of notable achievements for National Bonds. The group has experienced significant success across various aspects and recorded substantial growth in its investment portfolio, crossing AED14 billion (US$3.8 billion) as of December 2023.

With inputs from WAM