Takaud launches Ramadan ‘need to save’ drive
Manama, July 14, 2014
Takaud, a specialist savings and pensions provider for the Mena region, has unveiled a special ‘Ramadan Savings Incentive,’ as it continues to support its on-going awareness campaign to educate and encourage the local community to save.
The new campaign aims at helping new savers plan their finances and support their long term futures, said a statement.
As part of the drive, Takaud will pay up to BD300 ($791) as a free first month contribution for each regular monthly saving plan opened.
The customers can benefit from this offer by subscribing to a savings plan that starts with a minimum of BD50 a month. The campaign will run until July 29.
Building on Takaud’s on-going ‘grass roots’ educational activities, the incentive will encourage both nationals and residents to save for short term goals while planning for longer term expenses such as children’s education, new homes or businesses.
With a large percentage of the GCC’s population concerned about inadequate savings, future income and pensions, Takaud recommends the discipline of regular saving to help build the financial resources needed to cover unexpected events such as a loss of a job or a medical emergency while growing retirement funds needed for later years.
Eric Van Biesen, acting CEO, said: “We are delighted that during the holy month of Ramadan, we are able to support our on-going public education initiative on the need-to-save with an attractive saving incentive, which is benefiting all.
“It is critical to begin saving early in life to achieve short and long term financial objectives, while contributing towards pensions and future income in later years. Our experts are always available to provide illustrations and tips on how to save and manage your finance for the medium and long term personal plans.” - TradeArabia News Service