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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.
Investment options
Choose investment funds tailored to your values and risk appetite:
FAB End of Service Benefit Fund with Capital Protection
Primarily invests in local bank deposits and money market transactions issued by UAE local banks, and supports investments in debt instruments issued by local or federal government of the UAE and Monetary Bills issued by the Central Bank of the UAE.
FAB Islamic End of Service Benefit Fund with Capital Protection
Primarily invests in local bank Islamic deposits and Islamic money market transactions issued by UAE local banks, and supports investments in Islamic debt instruments issued by local or federal government of the UAE including sukuk and Islamic Monetary Bills issued by the Central Bank of the UAE.
EOSB made easy
Companies are able to access all employee EOSB information through one user-friendly portal, while employees can easily view and manage 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 basic monthly contributions
Monitor and manage investments
01
Download and register
Employees download the app upon receiving the invitation
02
Verify and select
Confirm personal details and select investment preferences
03
Manage your savings
Monitor your investments and easily make changes to your fund preferences
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 and USD 5 billion in total assets under management*.
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 and USD 5 billion in total assets under management*.
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.
*As of October 2024
Additional resources
Contact Centre
Start shaping the future of financial well-being
| Call | |||
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FABEOSB@bankfab.com |  |
+971 02 692 0609 |