National Bonds launches national financial education program for young people

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  • Onboards Amity University Dubai as the program’s first partner, providing curated financial advice and hands-on training to over 600 students

Dubai, UAE: National Bonds, the UAE Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, today announced the launch of an intensive career development program aimed at leveling the financial literacy quotient among UAE youth, in line with the leaders’ vision to build a culture of savings in the country.

Under this program, National Bonds will partner with universities and educational institutions across the country to develop fundamental financial literacy skills in young people through organized financial counselling, seminars, programs mentoring, on-the-job training opportunities and other collaborative activities, to give young talent pipeline entering the future UAE workforce a head start on their career path. savings from the start.

More than 29,000 students are currently enrolled in university programs in Dubai, according to the Knowledge and Human Development Authority (KHDA) – a number that will only grow with an attractive job market and tighter visa regulations in the country. Nationally, there were more than 318,000 secondary school students in the UAE in the 2019/2020 school year, according to Statista.

Speaking about the programme, Rehab Lootah, Deputy CEO of the National Bonds Group, said: “Empowered youth are essential for an equitable and long-term sustainable economy. At National Bonds we believe it is crucial to equip our young communities with the knowledge and skills to manage their finances effectively in the future and provide them with a platform where they can gain real-life experience to move forward efficiently and sustainably. .”

The first partner to be integrated into the program is Amity University Dubai, a leading university for graduate and postgraduate programs in the main fields of science, technology, engineering, media and business. Under this partnership, National Bonds will provide rigorous financial management training to students at Amity University Dubai, complemented by engaging workshops, activities and on-the-job training related to their field of study and of interest. Additionally, students will have the opportunity to participate in discussion groups with guest speakers from National Bonds to reinforce their learning.

Over 600 students, who are set to graduate from Amity University Dubai, will be eligible to apply for the National Bond Financial Literacy Program. Each student will be guided by mentors and supervisors who will oversee their training in a safe and supportive, yet competitive, work environment in various professional specialties including finance, human resources, accounting, and marketing. The program will also open pathways to employment opportunities at National Bonds for outstanding students.

Saif Ali Al Shehhi, Executive Director of Happiness, Positivity and Supply Chain, National Bonds, said: “National Bonds’ new financial literacy program is in line with our commitment to shaping a financially stable future for the younger generation by providing a solid training ground and showing them the merit of saving early in their careers. As a local employer, we are delighted to partner with Amity University to develop and empower local talent in the UAE. »

Dr Vajahat Hussain, CEO of Amity Education ME, said: “Young adults are joining the UAE’s expanding workforce every day. This National Bonds initiative will play an important role in the lives of graduate students joining the UAE’s growing workforce. Financial awareness and literacy can help them make informed choices that will bring them closer to achieving their dreams and goals.

Dubai is currently home to 34 international institutions of higher education offering more than 600 programs, reports KHDA.

For more information, visit Nafis.

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About the National Bond Company PSC

National Bonds Corporation is a Sharia-compliant savings and investment company established in 2006. It is wholly owned by The Investment Corporation of Dubai, the investment arm of the Dubai government. It is a financial institution regulated and audited by the Government of Dubai. Audit Department, Shariah Supervisory Board as well as reputable international external auditors. The company offers UAE nationals, residents and non-residents of the UAE the opportunity to build and strengthen their savings safety net, as well as invest in programs that offer competitive returns at lower risk. Its goal is to encourage a disciplined saving habit for the people of the 7 Emirates, in line with the UAE Government’s vision for a financially secure and sustainable future. National Bonds offers an exciting AED 35 million rewards program to all savers, with monthly and quarterly prizes ranging from AED 1 million to various luxury cars. www.nationalbonds.ae

Louis R. Hancock