Dubai: The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the Ministry of Finance to support the UAE's innovation and entrepreneurship ecosystem, has signed a Memorandum of Understanding (MoU) with National Bonds, the UAE's Sharia-compliant savings and investment company.The partnership aims to promote financial literacy, strengthen entrepreneurial thinking and empower young people through a range of education, capacity-building and knowledge-sharing initiatives across the UAE.Under the agreement, National Bonds will host workshops and interactive sessions for MBRIF members and stakeholders, focusing on financial literacy, investment awareness, wealth-building strategies and financial planning.MBRIF will contribute entrepreneurship-focused content, including awareness sessions, founder success stories and innovation-driven knowledge-sharing initiatives designed to support aspiring entrepreneurs.Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the Ministry of Finance and the Ministry's representative at MBRIF, said the partnership aligns with MBRIF's mission to support innovators and entrepreneurs.“We are committed to providing our innovators with the comprehensive support they need to scale successfully and sustainably. By integrating financial literacy into our entrepreneurship initiatives, we are equipping founders and the wider youth demographic with the essential tools and mindset to build resilient, future-ready businesses that will actively contribute to the UAE's long-term economic growth,” she said.Rehab Lootah, Group Deputy Chief Executive Officer of National Bonds, said financial awareness is a key factor in achieving both personal and business success.“Through our collaboration with MBRIF, National Bonds is proud to extend our expertise to some of the brightest entrepreneurial minds in the nation. Together, we aim to build a strong foundation of practical wealth-building strategies that will empower the UAE's youth and innovators to thrive, make informed decisions and secure their financial futures,” she said.The partnership will also explore opportunities to support National Bonds' existing financial literacy and Young Investor programmes, which are designed to equip individuals with practical financial and entrepreneurial skills.In addition, the collaboration includes specialised capacity-building initiatives and train-the-trainer programmes aimed at strengthening the delivery and effectiveness of financial literacy and entrepreneurship education across the UAE.
