UAE savings: Harbor Real Estate First Searm Firm to join National Bonds End-of-Service Investment Scheme
Harbor Real Estate has become the first private sector company in the UAE to adopt a voluntary alternative to the traditional employment benefits scheme, it has been announced.
The program is overseen by the Department of Human Resources and in collaboration with the safety and goods authorities, marking an important milestone in the evolution of the labor protection and labor safety framework.
This development reflects a broader trend among UAE companies looking for safer security models that support long-term savings while improving the competitiveness of the country’s market.
A new savings model for the UAE
Under the program, real estate agents can also invest their money in National Bonds Propect Shari’a approved funds, which offer low-risk investment instruments designed to deliver stable returns during service.
Employees can also make voluntary contributions of 25 percent of their annual salaries, which encourage strong financial planning habits and long-term behavior.
Mohammed Qasim Al Ali, CEO of National Bonds, said that the participation of Harbor Real Estate properties confirms the Trust’s plans for National Bopps
“The growing awareness among companies of the need to provide employees with a sustainable and future-oriented storage system strengthens our role in providing safe, effective solutions that benefit employers and their teams”.
Strengthening Employee Benefits
Dr Mohanad Alwadiya, CEO of Real Real Estate, said: “We are proud to be the first private sector company to join visible government measures that promote transparency and the provision of approved service funds, local solutions such as national commitments.
“This move underscores our commitment to providing our employees with a stable and forward-thinking workplace, enabling them to build a financially secure future through savings options and meet their long-term aspirations”.
The Ministry of Labor and Human Development looked at the modest income protected by Sharia, one of the first options allowed under the voluntary system.
It enables employers to capitalize on the ultimate benefits of the service through a safe, Shariah-compliant structure while seeking competitive returns that reflect broader market performance.
Digital tools support it well
The fund includes a smart digital application that allows employees to track loans and repayments in real time.
Employers also benefit from effective management of End-of-Service Validations, reduced administrative burdens and improved ability to provide competitive advantages that support talent attraction and retention.
