Since financial stability and retirement planning have become a major concern during current times of economic uncertainty, the UAE-based National Bonds, a Dubai government savings and investment company, has launched a Sharia-compliant savings scheme that allows clients to invest a minimum of 1,000 AED (272 USD) per month for at least three years and receive an income at the end of it. The scheme thus provides the residents with additional earning opportunities to grow their end-of-service benefits as part of their retirement planning.
The program offers two phases: saving, where clients invest for 3 to 10 years, and income, where they draw their monthly income at the end of the saving period. Customers can enjoy the accumulated profit with monthly reinvestment based on their chosen time period. The income is distributed evenly, with the profit added on every month. Clients can also choose to redeem their savings as a lump sum instead of monthly payments and also win rewards and cash prizes from National Bonds company including the grand prize of AED 1 million (272,000 USD).
According to Mr. Mohammed Qasim Al Ali, National Bonds Group CEO, the ‘Second Salary’ plan is a stable way to secure future income in difficult market conditions and sends a strong message to customers about secure and safe investment that preserves their savings and gives them returns that will be vital for their families in the future.
Do you want to know more about the Second Salary program? Considering to apply for it? Drop us an email (office@alphaprimedwc.ae) or give us a call (+971 58 515 2374) at any time.
