First Abu Dhabi Bank (FAB) has received final approval from the Ministry of Human Resources and Emiratisation (MOHRE) and the Securities and Commodities Authority (SCA) to launch its End of Service Benefits Funds.
With this approval, the funds are now available to all private sector companies in the UAE, enabling businesses to invest and enhance employees’ end-of-service benefits (EOSB) under the UAE’s new Alternative EOSB Savings Scheme. The first corporate participant has already been on-boarded.
Designed to strengthen employees’ long-term financial security, the initiative simplifies EOSB management, helping businesses attract, retain, and support talent. FAB has introduced a digital platform fully integrated with the UAE Savings Scheme, offering businesses and employees a secure and efficient way to manage benefits.
The platform allows employers to process and track EOSB contributions while enabling employees to monitor their investments in real time, catering to a digitally-savvy workforce. To ensure a seamless experience, FAB has partnered with Apex Group for fund administration, Aurem for technology solutions, and Deutsche Bank Securities for custody services.
Aligned with the UAE’s vision for a competitive labour market, FAB’s digital-first approach supports financial security and economic stability. The funds streamline benefit management for employers while providing employees with greater financial control, reinforcing FAB’s commitment to innovation and strategic collaboration.
Currently, FAB End of Service Benefits Funds offer two capital-protected investment options:
FAB End of Service Benefit Fund with Capital Protection – Invests in money market instruments for stability and liquidity.
FAB Islamic End of Service Benefit Fund with Capital Protection – Invests in Shari’ah-compliant money market instruments for stability and liquidity.
FAB plans to introduce additional risk-based investment options, including conventional and Shari’ah-compliant strategies, tailored to different financial goals. The funds are managed by FAB Asset Management, a leading MENA-focused investment firm with over 20 years of experience serving diverse institutional and individual clients.
