Home News 52.5% of Emirati women do not invest their money

52.5% of Emirati women do not invest their money

by Dubai Forum
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National Bonds, owned by the Investment Corporation of Dubai, announced the expansion of the Tejoori account to add the Tejoori Emirati women’s product, the first of its kind savings account designed exclusively for UAE nationals, coinciding with Emirati Women’s Day.
This unique initiative comes in line with the vision of the wise leadership which aims to promote a culture of savings among the various sections of the society and achieve a financially secure and sustainable future for all. Disciplined savings habits of people across the country.
The Tejoori account for Emirati women was designed and launched following a poll conducted by National Bonds, with the participation of a number of Emirati women. The survey showed that 52.5% of the country’s female citizens do not invest their money in any way. In addition, 55% of those who invest their money today work as employees in the public and private sectors, compared to 23% as housewives. The survey found that 10% of participating women who are currently investing are students in educational institutions.
The survey showed that 30% of participating female citizens do not have a savings plan and that they simply save at home, and that 10% of them invest in an investment company that distributes their savings according to their needs and gives them a good financial return. on their investments. Interestingly, 39% of non-saving female participants confirmed that the main motivation for them to switch to savings is the high return, and 7% said that the main motivation for investing is the chances of winning gift cards. The Tejoori Emirati Female Account offers UAE nationals many benefits such as flexibility, allowing women to choose the appropriate investment program according to their goals and needs. With every investment of a minimum value of AED 5,000, women can get an exclusive set of prizes and cash rewards with double winning chances in the rewards program. In addition, the first 50 female customers will receive a 100 dirham gift card from National Bonds when they open a new account. Five women are selected each month to win a 4 gram gold bar for a period of three months from October to December. One lucky lady will win a grand prize of Dh25,000 in January 2023.
UAE nationals who choose an Emirati Tejoori Savings Account with a minimum of AED 10,000 will win over 12,000 exclusive prizes worth AED 720,000. Other benefits include participation in the quarterly draw to win one million dirhams, a chance to win a Nissan Patrol, a chance to win a Tesla car every month, in addition to many monthly draws. A smart digital interface has been designed for Emirati women to apply, and the National Bonds website. Rehab Lootah, Group Executive Vice President at National Bonds Corporation, said: “The importance of financial planning among male and female citizens in the UAE is increasing, so National Bonds is constantly looking to launch savings programs that suit the requirements of different segments of society. Specially designed for UAE nationals, the Emirati Women’s Tejoori Account is a reflection of the deep understanding of Emirati women’s needs and the challenges they face when considering investing.”
She added: “The Tejoori account for Emirati women aims to provide UAE nationals with the best savings solutions, spread awareness among them about the culture of financial planning and make their savings journey easier and more comfortable, helping to support the country’s economic growth. by enabling women to save and achieve financial independence.”

DF

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