Deem Finance and Daman Investments CEOs Chris Taylor and Ahmed Khizer Khan have signed a partnership agreement for the end of service programme.
Deem Finance, a UAE-based, digitally-driven financial services provider, has entered into a groundbreaking collaboration with Daman Investments, becoming the first institution to participate in their newly introduced end of service programme. This innovative initiative, approved by the Ministry of Human Resources and Emiratisation (MOHRE), aims to revolutionize the financial future and well-being of private and public sector employees across the UAE. The alternative end of service programme, closely monitored and regulated by MOHRE and the UAE Securities & Commodities Authority (SCA), ensures that employees' end-of-service entitlements are not only safeguarded but also prudently invested with fund managers licensed by the SCA. Employers who join the voluntary scheme commit to contributing a fixed percentage of each employee’s basic salary to the fund monthly, thereby securing the employee's financial future. Additionally, employees can enhance their savings by making additional voluntary investments, which they can manage and redeem at their discretion, potentially boosting their returns.
Ahmed Khizer Khan, CEO of Daman Investments, stated, “At Daman Investments, we are dedicated to providing innovative financial solutions that protect and grow wealth. Our partnership with Deem Finance on the End of Service Program reflects our shared vision of enhancing financial security for employees across the UAE. By offering access to world-class investment opportunities, we are setting a new standard for employee welfare and empowering individuals to secure their future in a dynamic market.”
Chris Taylor, CEO of Deem Finance, added, “We are thrilled about our collaboration with Daman Investments and the advantages it brings to all stakeholders. This partnership allows us to concentrate on our core mission of driving innovation and growth, confident that our employees’ financial future is in capable hands. Being the first in our sector to offer this program underscores our commitment to leading the way in employee welfare.”
The program grants employees access to Daman’s premium investment services, previously available only to institutional and professional investors, enabling them to build long-term wealth and achieve financial security. By joining the program, Deem Finance has established a new benchmark in enhancing employee benefits, reinforcing its commitment to prioritizing employee well-being. Deem Finance’s decision to partner with Daman Investments highlights their confidence in the firm’s established market position, credibility, and ability to provide unique solutions for growing and protecting employees’ funds.
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