- The partnership aims to equip women with valuable financial management skills and savings tools
- The MoU will see the exchange of expertise between both organizations through savings tools, workshops, investment and employment initiatives for women
Dubai, UAE, 30 January 2023 – National Bonds, the UAE’s leading Shari’a-compliant savings and investment company - has signed an agreement with the Arab Women Authority, the leading NGO aimed at empowering Arab women across the MENA region, to equip women with valuable financial management skills and savings tools.
The partnership will see the two organizations join forces to empower women and support their role in societal and economic development, and to enhance their skills, particularly in the areas of investment, savings, and financial literacy.
A Memorandum of Understanding (MoU) was signed by Rehab Lootah, Deputy Group Chief Executive Officer at National Bonds and Mohammed Al-Dulaimi, Secretary-General from Arab Women Authority today.
Through this partnership, National Bonds and Arab Women Authority aim to inspire a strong savings culture in the region and strengthen cooperation and coordination between government agencies and national companies to support the progress of Arab women. The two organizations will create a joint committee to host forums and events aimed at encouraging women to invest and save, and to improve their skills and financial literacy. They will also plan mutual visits and participation in national and regional events, and exchange experiences to support micro-income generating projects for women, with the goal of providing job opportunities and reducing unemployment.
Speaking about the partnership Rehab Lootah, Deputy Group Chief Executive Officer at National Bonds said: "Women in the UAE are one of the most progressive in the world and have a strong drive to pursue their personal and professional goals. Empowered women make empowered societies, which is why the onus is on us at National Bonds to give them the financial tools and skills they need to move forward towards their goals and dreams. We are honoured to partner with the Arab Women Authority, who are doing incredible work, as we aim to target all women across the Arab world with this partnership. Moreover, we want to inspire and encourage more women across the region to embrace a fruitful savings journey to increase their financial gain."
Expressing optimism on the benefits of the MoU, Mohammed Al-Dulaimi, Secretary-General of Arab Women Authority, commented, "As part of our continued efforts to push for elevating the status of Arab women, we are pleased to have signed this partnership with National Bonds today. Through this MoU, we want to give every Arab woman the opportunity to enhance her financial literacy and begin saving for their future. The partnership also focuses on creating investment and employment opportunities for women, especially among female entrepreneurs and businesses to help increase their contribution and role in the growth of the economy.”
The Arab Women Authority has carried out various developmental, diplomatic, and humanitarian initiatives in the pursuit of supporting the role of women in the Arab world. Since 2000, they've contributed to a 27% increase in employment for Arab women. Additionally, they are responsible for pioneering the Women's Development Fund, which alleviated the suffering of 215,000 women in poor Arab countries. Most recently, the Arab Women Authority worked on a sustainability initiative called ''Our Green World", which aims to plant 22 million trees – one million trees per year for each Arab country. This initiative is in collaboration with a number of federations, women's associations, and several members from the authority, and aims to boost women's involvement in the agricultural industry whilst limiting deforestation and bringing awareness to global climate actions.
National Bonds offers secure options for wealth and savings growth through flexible savings plans that adhere to Islamic Sharia principles, making it a unique offering worldwide. The company's belief in the significance of savings in fostering a stronger economy, along with its dedication to creating a brighter future for all generations, has helped customers reach their present and future financial objectives through structured and consistent savings.
