How can we help?
Search for the articles here or browse the categories below.
Browse by topic
Find guides, tutorials, and answers organised by category.
Popular articles
What other people are reading right now.
What does the National Bonds Capital Protected Shari’a Compliant Fund invest in?
The Fund invests in Shari’a-compliant deposits with banks licensed by the UAE Central Bank and in sovereign Sukuks issued by the UAE’s Federal and Local Governments.
Product FAQsWhat product is offered under The Fund?
National Bonds Capital Protected Shari’a Compliant Fund offers employers subscription for both skilled and unskilled workers, as defined by MOHRE.
Product FAQsWhat is National Bonds?
National Bonds Corporation Sole Proprietorship P.S.C. (“National Bonds”) was launched in 2006 with a mission to promote a savings culture that will benefit the people of the UAE. National Bonds is 100% owned by the Investment Corporation of Dubai (ICD), the sovereign investment arm of Dubai Government. It is licensed and supervised by the Securities and Commodities (“SCA”) Authority and audited by Dubai Government Financial Audit Authority, Shari’a Supervisory Board, as well as reputable international external auditors. National Bonds has been approved as a Fund Investment Manager to provide investment management services related to the Savings Scheme for employers who volunteer to invest their employees’ end-of-service benefits under the End-of-Service Program (“Savings Scheme”) sponsored by the UAE Ministry of Human Resources and Emiratisation (“MOHRE”)
General FAQsWhat is the Basic Subscription amount?
The Basic Subscription amount is the contribution employers pay every month to implement the alternative system. The calculation for the Basic Subscription amount is as follows: • Employers will pay 5.83% of the basic monthly salary of full-time employees who have been employed for less than five years. • Employers will pay 8.33% of the basic monthly salary of full-time employees who have been employed for more than five years.
General FAQsSkilled vs. Unskilled Worker — Definitions
Under the Alternative End-of-Service Benefits Savings Scheme, workers are classified based on monthly salary: - Skilled Worker: an employee earning AED 4,000 or more per month. - Unskilled Worker: an employee earning less than AED 4,000 per month.
General FAQsWhat is End of Service Benefit (EOSB) and the Alternative EOSB scheme?
What is an end-of-service benefit (EOSB)? An end-of-service benefit, commonly referred to as gratuity, is the final payment an employer makes to an employee when their employment contract ends. It's typically paid as a lump sum after completing at least one year of continuous service. What is the Alternative End-of-Service Benefits Savings Scheme? The Alternative End-of-Service Benefits Savings Scheme is a UAE government initiative, implemented under Cabinet Resolution No. (96) of 2023, offering an alternative to the standard end-of-service gratuity system set out in Federal Decree-Law No. (33) of 2021 on Labour Relations and its Executive Regulations. It is a Ministry of Human Resources and Emiratisation (MOHRE) initiative, approved by the Securities and Commodities Authority (SCA). Under the scheme, participating employers choose which employees to enroll and make a monthly contribution (the Basic Subscription) to an approved investment fund on behalf of each enrolled employee. Instead of a lump-sum gratuity, the employee receives their Basic Subscription balance plus any investment returns at the end of their service — this is legally recognized as their end-of-service benefit.