National Bonds Corporation, the leading Shari'ah-compliant savings and investment company in the UAE, announced the results of its financial health check for H1 2017 (from January until June 2017).
The National Bonds financial health check spans four main categories – monthly saving for married couples, retirement saving for people aged 41 to 55 years old, on time payment of credit liabilities, and emergency savings for families with children.
The latest survey included a sample size of 341 participants across different nationalities, of whom 296 were expat residents and 45 were Emiratis. The sample was distributed into four age groups – 18 to 25 years old, 26 to 40 years old, 41 to 55 years old, and 56 to 64 years old.
The results showed a significant increase in the keenness of married couples to save (73 per cent), marking a 27 per cent surge over the results of the earlier survey (46 per cent), and reiterated the growing awareness among this segment of the importance of following a regular savings plan to ensure financial security.
The results of the current National Bonds financial health check also suggested that families with children have improved their savings habits to prepare for emergencies.