UAE: Over 9,000 taxi drivers to benefit from pension scheme for expats

UAE: Over 9,000 taxi drivers to benefit from pension scheme for expats

National Bonds, UAE-based Shari’a-compliant savings and investment company, announced one of the first organisations to join the first-of-its-kind Golden Pension Plan, Dubai Taxi Corporation (DTC) at the Dubai Roads and Transport Authority (RTA).

With this partnership, more than 9,000 drivers can now leverage the National Bonds platform to save money and enjoy a range of exclusive benefits. The Golden Pension Plan was launched in a move to ramp up its suite of financial planning solutions for nationals and residents.

Employees have the flexibility to contribute as little as Dh100 on a monthly basis and earn a profit on the amount saved, which can be availed in addition to the earned gratuity provided by their organisation. The scheme aims to support organisations with their employee retention efforts as well as help them plan ahead for the end-of-service financials.

Through National Bonds’ mobile application, employees can check their pension portfolio and can view their savings grow. Moreover, they will be part of the National Bonds’ rich rewards program of Dh35 million and are eligible for Life takaful cover provided by local Takaful Operators.

Developed in line with increasing demand from employers and employees, the unique initiative aims to help corporates registered with National Bonds support their