Emirates Islamic encourages culture of savings among nation’s children

September 07, 2016

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently conducted roadshows across schools in the UAE in an effort to educate children on the importance of saving for the future.

As part of the bank’s continuous efforts to raise awareness on financial wellbeing in the community and particularly in the younger generation, Emirates Islamic staff visited the Ghernata Girls School for Basic Education, Al Nokhbah Boys Model School for Basic Education and Al Aweer Girls School. The bank’s team engaged students in interactive sessions of games and learning activities to teach them the benefits of savings. The school students also learned about the Emirates Islamic Child Savings Account and were gifted the widely popular ‘Hassala’ mascot as a reminder to start their own personal savings.

Emirates Islamic’s Child Savings Account, a free account for children, includes a complimentary pre-paid card with AED 100 credit in addition to a ‘Hassala’ gift. The bank also offers several other family-oriented savings products such as student bundle packages, school fee payment options on credit cards at favourable terms and conditions and life Takaful covering up to AED 120,000 for the parent or guardian with the child as beneficiary, for a maximum of five children.

In partnership with the Ministry of Education and various other schools in the UAE, Emirates Islamic aims to continue hosting financial literacy workshops to raise awareness at an early age.