"Abu Dhabi I" He gets the final approval to launch boxes "End of service bonus"
Abu Dhabi, February 25 / WAM / Abu Dhabi Bank I, the largest bank in the UAE, announced its final approval from the Ministry of Human Resources and Emiratisation, and the Securities and Commodities Authority to launch the services of the first Abu Dhabi Bank funds for the end -of -service reward.
According to this approval, the services of the first Abu Dhabi Bank funds for the end -of -service reward have become available to all private sector companies in the UAE to invest and develop the dues of workers in these companies, in line with the alternative optional system for the end -of -service reward launched by the Emirates government, where the first company joined the system successfully.
The bank stated in a statement that this initiative was prepared to enhance financial security for employees in the long run; It contributes to the coordination of the process of ending the end of service rewards.
In this context, Abu Dhabi Bank launched a digital platform that integrates with the alternative optional savings system for the end -of -service reward, which provides companies and employees a way to manage everything related to end service rewards.
The first Abu Dhabi Bank cooperated with a number of companies to ensure the provision of a safe and reliable platform, including the IPEX Financial Technology Company for the management of the funds; And the company “Orem” for the development of the digital platform; And “Deutsche Bank for Securities” for fund saving services.
The services of the first Abu Dhabi Bank Funds for the End of Service rewards currently provide two investment options for capital protection, which are the first Abu Dhabi Bank funds for the end of service reward to protect the capital and invest in the money market tools, and the first Islamic Abu Dhabi Funds for the End of Service Protection to Invest in the money market tools compatible with provisions Islamic law.
The first Abu Dhabi Bank indicated its intention to expand its investment options soon by providing various solutions based on multiple levels of risks and includes traditional and other strategies compatible with the provisions of Islamic Sharia.
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