The Finance Department in Ajman has launched a comprehensive community initiative called the “Financial Empowerment Program,” aimed at enhancing financial literacy and supporting financial stability among various community groups, including senior citizens, individuals with disabilities, and students in schools and universities.
This program’s introduction is part of the department’s ongoing efforts to cultivate a more informed community regarding financial matters. It seeks to simplify financial concepts and strengthen financial planning skills, enabling individuals to make informed financial decisions, in alignment with the emirate’s objectives for sustainable and inclusive development.
To foster community engagement and interactivity, the Finance Department organized a workshop titled “Financial Literacy,” which involved participants from the Senior Citizens Happiness Center in Ajman. This workshop featured direct discussions and the sharing of experiences, creating an interactive environment that enhanced understanding of sound financial management strategies and their application in daily life.
The workshop focused on equipping participants with the skills needed to manage their financial resources effectively, develop financial planning abilities, and understand digital government financial services, thus promoting financial independence and reinforcing social stability.
This workshop is part of a broader array of initiatives under the “Financial Empowerment Program,” designed to propagate financial literacy and enhance sound financial practices across the community, positively affecting the quality of life in the emirate.
Importance
Mohammed Al Ali, the Director General of the Finance Department in Ajman, emphasized that the need to increase financial awareness in the community has become a pressing necessity due to rapid economic changes. He noted that financial literacy is a fundamental pillar for achieving economic stability for individuals and families.
He stated that the Finance Department in Ajman plays a crucial role in promoting financial awareness and education by developing quality initiatives that empower community members with the knowledge and tools needed for efficient resource management. The “Financial Empowerment Program” serves as an effective platform to reinforce these efforts and instill proper financial planning concepts, aligning with the Ajman Vision 2030 aimed at achieving progress and prosperity for all while building an inclusive and empowered community.
The “Financial Empowerment Program” reflects a practical approach to preparing the community for financial life demands, integrating awareness initiatives with practical measures to foster responsible and sustainable financial behaviors. It also showcases the department’s commitment to enhancing its partnership with the community, turning financial knowledge into everyday practices that contribute to economic stability and elevate community well-being.