National Bonds has announced that Harbour Real Estate has become the first private-sector company to adopt the voluntary alternative to the end-of-service benefits system, supervised by the Ministry of Human Resources and Emiratization in collaboration with the Securities and Commodities Authority.
This milestone highlights a rising trend among companies to offer secure and innovative investment benefits that support employees’ savings, while also boosting the competitiveness of the UAE labor market.
The program enables Harbour Real Estate employees to benefit from the ‘National Bonds Capital Protected Shari’a Compliant Fund’ and invest their savings through low-risk investment tools that offer stable returns throughout their years of service.
Additionally, employees participating in the fund have the option to make voluntary contributions of up to 25 percent of their annual salary, which not only enhances their financial planning but also supports them in reaching their long-term savings objectives.
Mohammed Qasim Al Ali Group CEO National Bonds
“Harbour Real Estate’s participation reaffirms the growing trust companies place in National Bonds’ programs. With more than 19 years of experience in the UAE’s savings and investment landscape, we have built a reputation as a reliable partner for both public and private entities. The rising awareness among companies of the need to offer employees a more sustainable and future-focused savings system strengthens our role in providing safe, effective solutions that benefit both employers and their teams.”
Dr. Mohanad Alwadiya, CEO of Harbour Real Estate, said that, “We are proud to be the first private-sector company to join National Bonds’ end-of-service savings scheme, reflecting our support for innovative government initiatives that promote transparency and encourage employers to channel end-of-service funds into approved, locally managed solutions such as National Bonds.”
“This step also underscores our commitment to offering our employees a stable and forward-looking work environment, enabling them to build a more secure financial future through savings options that protect their rights and meet their long-term aspirations,” Dr. Alwadiya added.
National Bonds Capital Protected Shari’a Compliant Fund
National Bonds Capital Protected Shari’a Compliant Fund is one of the first approved funds under the voluntary end-of-service savings scheme, overseen by the Ministry of Human Resources and Emiratisation. It provides an excellent solution for employers looking to invest their employees’ end-of-service benefits securely and dependably, while also generating competitive returns that reflect market performance.
The fund is also distinguished by its digital smart application, offering employees a seamless experience to monitor their investments and returns anytime. In turn, Employers benefit from more efficient management of employee entitlements, reduced administrative workload, and the ability to provide competitive benefits that help attract and retain top talent.
