Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently held interactive sessions at five schools in Dubai aimed at teaching children the importance of savings.
The initiative, in partnership with Dubai Educational Zone (DEZ), is part of Emirates Islamic’s strategy to instil a savings culture in the community, and in particular create awareness amongst youth on the importance of savings. The bank plans to visit several other schools across the seven emirates to spread awareness in the coming months.
Last year, Emirates Islamic created a special ‘Child Savings Account,’ to promote a savings habit for youngsters. The account is free for children and includes a hassala, the traditional Emirati savings pot, and a complimentary pre-paid card with AED100 credit.
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 cover up to AED120,000 for the parent or guardian with the child as beneficiary for a maximum of five children.
Originally published on www.albawaba.com