DIB conducts school Roadshows to help children understand the importance of saving

Following the recent launch of Shaatir, its savings account for children, Dubai Islamic Bank (DIB) has embarked on a roadshow of 30 schools in the UAE, to educate school children on the importance of financial responsibility from an early age.

The Roadshow consists of entertaining and educational activities for children, including a virtual reality game and a painting competition. 6 winners from each school receive an AED 200 voucher as an initial balance when they open a Shaatir account at DIB, while all participating children get a gift and participation certificate from DIB.

“DIB believes that it can help the long-term development of the UAE by helping the country’s children to learn how to manage money early in their lives,” said Dr Adnan Chilwan, Deputy Chief Executive Officer, DIB. “Since launching Shaatir last year, we have had a tremendous response from parents keen to engage their children in saving for the future. Building on the many educational tools available on the Shaatir website, we developed this roadshow to show children that by saving money from an early age they can achieve their personal goals and dreams when they are older.”

“Alongside traditional academic subjects, it is very important to teach young people essential life skills like budgeting and money management,” said Mrs. Amina Al Otaiba, principal of Emirates Private School, one of the venues of the Shaatir Roadshow. “We thank DIB for developing this highly interactive experience for our school children and helping to prepare them to make sensible financial decisions when they enter adulthood.”

Open to every child in the UAE, the Shaatir account includes a number of innovative features to encourage young people to save towards specific goals in the lives. Upon joining, customers receive a specially designed welcome pack and savings box to help them start saving. DIB has also created a dedicated Shaatir website featuring interactive games and informative videos where children can learn about banking and saving. Importantly, the account has no minimum balance requirement and there are no maintenance charges.