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Overview
FAB End of Service Benefits Funds are now available to UAE companies, giving employees the opportunity to grow their end of service benefits (EOSB) through the government’s Alternative EOSB Savings Scheme.
Supporting the UAE government’s ambition to foster a more competitive labour market, the Savings Scheme is a Ministry of Human Resources and Emiratisation (MOHRE) initiative, approved by the Securities and Commodities Authority (SCA).
To participate, employers simply register and make monthly contributions to professionally managed FAB End of Service Benefits Funds to increase and improve the benefits offered to employees at the end of their employment contracts.
EOSB are the final payments employers make to employees when their employment contracts end. This includes a lump sum payment and may extend to other benefits such as unused annual leave and allowances.
FAB End of Service Benefits Funds are now available to UAE companies, giving employees the opportunity to grow their end of service benefits (EOSB) through the government’s Alternative EOSB Savings Scheme.
Supporting the UAE government’s ambition to foster a more competitive labour market, the Savings Scheme is a Ministry of Human Resources and Emiratisation (MOHRE) initiative, approved by the Securities and Commodities Authority (SCA).
To participate, employers simply register and make monthly contributions to professionally managed FAB End of Service Benefits Funds to increase and improve the benefits offered to employees at the end of their employment contracts.
EOSB are the final payments employers make to employees when their employment contracts end. This includes a lump sum payment and may extend to other benefits such as unused annual leave and allowances.
The advantages
Employer
- Streamlined operations:
Reduced administrative management and costs, enabling more focus on growth and development.
- Better recruitment:
Enhances employee compensation and helps attract and retain talent.
- Top-tier management:
Meticulous and professional management of investment funds, fully compliant with SCA and MOHRE regulations.
Employee
- Greater employee welfare:
Improves financial wellbeing and enhances job satisfaction.
- Empowerment:
Offers educational resources and strategic investment options for financial security, and employees can add to their employer’s contributions.
- Diverse options:
Provides various investment options, aligned with individual values and risk appetites.
EOSB made easy
Companies are able to contribute and access all employee EOSB information through one user-friendly portal, while employees can easily view and monitor their investments using the employee app.
Register and invest contributions
01
Contact FAB to enroll
02
Register on portal
Upon registration, provide company information and define participation details
03
Start contributing
Employers begin to make monthly contributions
View and monitor investments
01
Download and register
Employees download the app upon receiving the invitation
02
Verify and select
Confirm personal details
03
Monitor your savings
Monitor your investments
Investment options
Choose investment funds tailored to your values and risk appetite:
FAB End of Service Benefit Fund with Capital Protection
The fund’s strategy principally centers on investing in money market instruments, to create stability and liquidity.
FAB Islamic End of Service Benefit Fund with Capital Protection
The fund’s strategy principally centres on investing in Islamic money market instruments, to create stability and liquidity.
Tailored investment strategies
FAB End of Service Benefits Funds will be available across three different risk profiles, in both conventional and Shari’ah-compliant options, allowing employees to choose the investment funds that best suit their values, risk appetite and life stages. Whether investors are cautious, balanced, or ambitious in pursuing financial growth, our fund solutions are tailored to meet all needs.
Conservative (launched)
Ideal for unskilled and skilled conservative employees, this strategy prioritises capital protection and a steady income for peace of mind:
Suitable for skilled employees only seeking a blend of income and capital gains, this strategy balances moderate growth with security:
Designed for skilled employees only with a higher risk tolerance, this strategy prioritises long-term capital appreciation:
Managed by the region’s leading asset manager, FAB Asset Management
An award-winning MENA-focused manager
Part of FAB, one of the world’s largest and safest banks, FAB Asset management has over two decades of regional experience.
Trusted by major businesses and individual investors
Our clients range from sovereign wealth funds, pension funds/foundations and financial institutions, to insurance companies, family offices and individuals.
Deep investment research expertise
Our dedicated buy-side research team in the MENA region provides in-depth analysis of over 200 companies.
An award-winning MENA-focused manager
Part of FAB, one of the world’s largest and safest banks, FAB Asset management has over two decades of regional experience.
Trusted by major businesses and individual investors
Our clients range from sovereign wealth funds, pension funds/foundations and financial institutions, to insurance companies, family offices and individuals.
Deep investment research expertise
Our dedicated buy-side research team in the MENA region provides in-depth analysis of over 200 companies.
In partnership with a range of trusted providers
Fund Administrator Transfer Agent
Service Portal Operator
Custodian
Fund External Auditor
Legal Auditor
Contact Centre
Start shaping the future of financial well-being
| Call | |||
|---|---|---|---|
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FABEOSB@bankfab.com |  |
+971 2 499 6333 |