The Abu Dhabi Department of Community Development (DCD) has signed a Memorandum of Understanding (MoU) with Al Maryah Community Bank (Mbank) to strengthen financial well-being among individuals and families across the emirate.
The agreement establishes a structured platform for collaboration on the design and implementation of initiatives aimed at promoting financial awareness, responsible planning, and long-term economic resilience.
Central to the partnership is a shared commitment to embedding sustainable financial practices within the community, supported by targeted awareness campaigns and capacity-building programs.
Framework for inclusive, impact-driven initiatives
Under the MoU, DCD will lead the development of inclusive initiatives aligned with Abu Dhabi’s legislative and policy frameworks.
This includes creating a comprehensive system to monitor, evaluate, and report on the social impact of financial well-being programs.
The department will also guide research efforts to ensure evidence-based policymaking and the effective design of priority interventions tailored to community needs.
The partnership further emphasizes knowledge exchange and institutional capacity building, ensuring that programs remain responsive to evolving socio-economic dynamics while delivering measurable outcomes.
Mbank will contribute technical expertise, resources, and digital capabilities to support the co-creation of scalable financial well-being initiatives.
The bank is also set to lead community engagement efforts through awareness campaigns and outreach activities designed to encourage participation in financial empowerment programs.
These initiatives will include the provision of practical financial tools such as budgeting applications, savings solutions, and financial literacy modules, alongside digital platforms that facilitate accessibility and program delivery. Mbank will additionally provide logistical and technical support for pilot projects and community-based interventions.
HE Mohamed Helal Al Balooshi Executive Director – Social Empowerment, Community Engagement DCD
“The signing of this MoU reflects the DCD’s commitment to strengthening an ecosystem of community empowerment through qualitative initiatives that address community member needs and support family stability and quality of life. In conjunction with the UAE’s Year of the Family, we believe that financial awareness and planning represent a strategic enabler for strengthening stability and cohesion across the emirate—embedding concepts of financial and economic resilience among individuals and families.”
Mohammed Wassim Khayata, Chief Executive Officer of Mbank, said that,“The MoU reflects our shared belief that financial well-being is foundational to family stability and long-term community prosperity. At Mbank, we see our role as extending beyond traditional banking to actively enable practical financial awareness, responsible planning, and accessible tools that empower individuals and families at every stage of life. In alignment with the UAE’s Year of the Family, this partnership with DCD allows us to translate policy ambition into meaningful, measurable impact across the community.”
