The National Bonds Corporation, a Sharia-compliant savings and investment company in the United Arab Emirates, announced the joining of 'Harbor Real Estate' as the first private company to adopt the voluntary savings system for end-of-service benefits. The program is supervised by the Ministry of Human Resources and Emiratisation in cooperation with the Securities and Commodities Authority. The program provides employees of 'Harbor Real Estate' with the opportunity to benefit from the 'National Bonds Sharia-compliant Protected Capital Fund' and invest their savings through suitable instruments. This move reflects the trend among companies towards providing secure and innovative investment benefits that support employee savings and enhance the competitiveness of the UAE's labor market.
Private Company in UAE Implements Voluntary Savings System
'Harbor Real Estate' has become the first private company in the UAE to implement a voluntary savings system for end-of-service benefits, supervised by the Ministry of Human Resources, enabling employees to invest in a Sharia-compliant fund.