Dubai: UAE has launched a new pension scheme for expats working in the country. The ‘Golden Pension Scheme’ was launched by Sharia-compliant savings and investment company National Bonds.
Under the scheme, employees have the flexibility to contribute as little as Dh100 on a monthly basis and earn a profit on the amount saved. This can be availed in addition to the gratuity provided by their organisation.
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‘The unique initiative aims to help corporates registered with National Bonds support their employees’ financial goals. (It) … will help employees of registered corporates … strengthen their financial resilience through the attractive competitive returns being offered under this programme,’ National Bonds said in a statement.
Through the National Bonds’ app, employees can check their pension portfolio and view their savings in real-time. They can also be part of the rewards programme of Dh35 million.
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