The National Bonds Corporation has introduced a new program called “Ahd,” which is an emergency savings initiative specifically aimed at Emirati women. This program is designed to assist women in building a financial reserve that will enable them and their families to handle unexpected situations effectively.
The objective of the program is to empower 10,000 Emirati women within a year by offering practical tools and flexible savings plans. Additionally, the initiative seeks to equip participants with the knowledge and skills needed for smart financial management, ensuring they and their families can navigate financial challenges with confidence and stability.
Rehab Lutah, the Executive Vice President of National Bonds, stated that the “Ahd” program has been crafted to be more than just a savings account; it serves as an emergency fund that instills confidence and peace of mind in women, making them better prepared for any circumstance.
She encouraged citizens to take advantage of this program to secure a more stable and secure future for themselves and their families while promoting a strong savings culture within society that supports the national economy and bolsters community resilience.
The “Ahd” program offers various savings plans tailored to different income levels.
According to National Bonds, the initiative goes beyond merely providing savings schemes, incentives, and rewards. It aims to arm Emirati women with vital skills for managing their finances. A key component of the program is the emergency preparedness equation, which is based on a straightforward principle: the value of the emergency fund should equal monthly expenses multiplied by six months. This means that “Ahd” offers women a clear and direct way to establish a financial reserve that covers essential expenses for a full six months, ensuring financial security and the ability to face emergencies with assurance and stability.