National Bonds, ESAAD Program Launch Dedicated Tharwaty Savings Initiative for Dubai Police Employees

National Bonds, ESAAD Program Launch Dedicated Tharwaty Savings Initiative for Dubai Police Employees
Sunday, October 23, 2016

Dubai-UAE: 23 October, 2016 – National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investment company in the UAE, announced the launch of Tharwaty (my wealth), a unique national savings program specifically designed for Dubai Police employees to instil a culture of savings among them. To mark the inauguration of the initiative, Major General Mohammad Saad Al Sharif, Assistant Commander for Administration,at Dubai Police, and Mohammed Qasim Al- Ali, CEO of National Bonds signed a memorandum of understanding (MoU). .

Alongside the signatories, Major General Mohammad Saad Al Sharif, Assistant Commander for Administration, Major General Al Sallal Saeed BinHuwaidi Al Falasi, Director of the Department of Gen. Dept. of Administration, Brigadier Saif Mohammed Saif Bin Abed, Director of the Finance Department, and Brigadier Ahmad Mohammed Rafee, Director of Human Resources and Major Mohamed Mahdi Al Asmawi, Acting Director of Happiness, attended the ceremony on behalf of Dubai Police. 

National Bonds also had strong representation in Mohammed Qasim Al-Ali, CEO, Mohammad Bitar, Chief Commercial Officer, Saif Ali Al Shehhi, Executive Director of Human Resources and Administrative Affairs, Mohamed Salah, Head of Corporate and Wealth Management, and Khaled Al Sheikh, Senior Manager- Corporate.

A customized offshoot of National Bonds’ Employee Savings Program, Tharwaty is a tribute to Dubai Police‘s hard work and dedication to the safety of the UAE population, whether local or expatriate. The initiative also reflects the company’s commitment to support institutions in the public sector and contribute to the satisfaction of their personnel that are a core component of social and economic stability within the emirate.

Commenting on the program, Al-Ali said: “Dubai Police employees spare no effort in keeping us safe, and as true role models, they deserve to have a bright future free of financial worries. Tharwaty is our way of showing our appreciation and gratitude for their service.

He added: “Welcoming Dubai Police among the ranks of government entities that have adopted our Employee Savings Program is a new milestone in our effort to enhance financial stability in the UAE. We are proud to present a flexible, convenient product that provides financial security to those who have devoted their lives to protecting our community.

Major General Al Sharif emphasized that Dubai Police strives to create an environment that fosters creativity and innovation, providing a host of benefits to its employees and their families, including accommodation, healthcare, and education.

Commending National Bonds on the support, he explained: “The MoU is part of our strategy to offer world-class services that exceed people’s expectations and ensure their satisfaction, while dedicating all available resources to contributing to the population’s happiness and to fulfilling our employees’ aspirations. Our latest initiative continues the tradition we started with the launch of our ESAAD program, where we team up with companies that offer special deals, benefits, and discounts to Dubai Police employees.

Earlier this month, as part of a campaign to promote Tharwaty, National Bonds hosted a stand at Dubai Police Headquarters, where it introduced the savings scheme and offered special rewards to the employees. The sign-up package included two-way tickets to Paris with free accommodation for a week and tickets to Disneyland in addition to a gold bar, five entries into a draw for AED1,000, and 10 for AED100.

In accordance with the MoU, the company will also organize several seminars to educate Dubai Police staff about the program with the aim of raising awareness and inspiring them to start saving regularly. Highlighting the positive role of savings in enhancing the quality of life, experienced financial advisors will demonstrate how having money set aside gives employees a sense of security, which, in turn, reflects positively on their productivity.

Apart from significant financial returns every year, Tharwaty offers its members five chances to win up to AED480,260 as well as exclusive monthly draws and a quarterly grand prize of two million dirhams.

National Bonds’ Employee Savings Program enjoys great popularity among public and private entities alike. With an annual return of up to 2.82 percent on the regular savings portfolio of Mudaraba term deposits worth AED100 and above, the scheme has witnessed 71 percent growth in participation rates in 2016. To date, 83 employers across all sectors have joined the program. This allows over 6300 savers, 60 percent of whom are male, to take advantage of its many benefits.

National Bonds is a key sponsor of the fourth annual GOV HR Summit 2016 that will run in Abu Dhabi from October 25 to October 27. The event is a unique platform that allows officials from government entities in the GCC region to share ideas, experience, and insights on overcoming economic challenges, responding to changes in the work environment, developing human resources, and cultivating talent.