New optional system for end-of-service gratuity

Private-sector employers will be able to subscribe to the new investment scheme by paying monthly contributions for an individual employee instead of having to pay the traditional end-of-service gratuity at the end of the employment relation. The system will provide risk-free, risk-based and Sharia-compliant investment options.

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Should you have further queries, we are glad to assist you anytime, whether in a personal meeting, over the phone on +971 4 327 5888 or by eMail at info(at)anders.ae.