The Ministry of Human Resources and Emiratisation has announced the launch of the "Daman Capital" portfolio and Sharia-compliant investment funds by "Daman Investment" to facilitate savings for end-of-service benefits.

This financial initiative is part of a broader investment program aimed at managing employee rewards in a sustainable and secure manner, providing a flexible and transparent financial environment for both employers and employees.
This step is in line with efforts to promote a culture of saving and ensure financial stability within the nation’s labor market.
In the latest issue of the "Labor Market" magazine, the ministry stated that these initiatives represent a significant advancement in managing end-of-service benefits while introducing new savings and investment options that conform to global best practices. The ministry emphasized that investment programs offered by licensed firms such as "Daman Investment" strengthen the bond of trust between workers and employers and support governmental objectives to enhance the efficiency of the private sector and achieve financial sustainability for its employees.
The new programs aim to increase financial literacy among employees, empowering them to plan for their futures with greater confidence, especially through advanced online platforms that allow employees to monitor and adjust their investments transparently and effortlessly.
Safaa Bouzidi, the managing director and head of Wealth and Asset Management at "Daman," described the program as a flexible and secure solution for both employers and employees. The program presents investment options designed to protect capital while fostering asset growth under defined risk management rules.
The program includes two options: the "Daman Capital" portfolio, which focuses on protecting the principal investment without exposing it to high risks, and Sharia-compliant investment funds that offer employees the opportunity to earn stable, lawful returns while ensuring financial security.
Participating in the program is simplified through electronic steps that begin with an introductory meeting with a specialized team, followed by signing an agreement detailing the company’s contributions and fund management procedures. Each employee will have a personal account where monthly contributions are deposited and automatically invested according to the approved system.
Employees can transfer their investments to the Sharia-compliant system at any time, offering flexibility that caters to the preferences of all demographic groups.
Bouzoidi highlighted that the program is overseen by the Ministry of Human Resources and Emiratisation as well as the Securities and Commodities Authority, enhancing its credibility and affirming the company’s full compliance with applicable laws and regulations in the country. Employees also have the ability to access periodic reports that detail investment specifics and financial performance via an online platform or a user-friendly mobile app.
Moreover, "Daman Investment" boasts over 26 years of experience in managing investments and financial savings programs, implementing well-thought-out financial strategies that include asset diversification and risk reduction, while providing ongoing financial education. This approach fosters a secure and sustainable investment environment, with plans to expand services to include new product offerings such as education, retirement, and emergency funds, ensuring continuous financial support under various circumstances.
Regarding the withdrawal of savings, Bouzidi stated that the program allows for the withdrawal of voluntary contributions prior to maturity through a clear process requiring a formal request and supporting documentation. The request will be reviewed and approved according to the company's established policy, with the requested amount transferred directly to the employee's bank account without affecting core investments.
She also emphasized the importance of regularly assessing investment portfolios to ensure alignment with the financial goals of participants, with continual updates reflecting changes in market conditions or personal circumstances.