Buy Now Pay Later (BNPL) plans have been gaining popularity with several service providers offering ease of multiple payment purchases, however, experts urge users to stay vigilant of potential debt traps
financial education
Latest in financial education
Budgeting
Financial literacy should be a life skill for Generation Z
Keeping accurate information about money is simply maths, not financial literacy. Understanding whether you should make a purchase is financial literacy
financial decisions
Gen Z face a crisis of financial literacy: Here’s why
On the way to adulthood, understanding money is a crucial skill to learn
Education
Five attributes of a powerful financial education programme for teens
A powerful programme should help teens develop an empowering money mindset while also positively impacting their financial behaviour
bad debts
Why teach your teens about money?
Clarity, control, and confidence: A look at the distinct advantages that teenagers accrue by learning to make smart decisions around money
Dubai Islamic Bank
Our nation’s banks and financial entities must step up to the challenge of financial literacy
A failure to equip our country’s youth with the tools for long-term financial freedom is a failure to invest in national success, economic growth, and individual happiness. Banks must do their part.
acquisitions
SHUAA Capital acquires majority stake in fintech firm Souqalmal to empower customers to understand, manage, and grow their finances
The investment will support Souqalmal’s ambitious growth plan and the expansion of its services, as the firm looks to develop a personal financial management platform that will include financial education and awareness
Cashee
Listen up parents: Money matters for teens
By age seven children have learned the basic money concepts, and by age 12, their understanding is nearly paralleled to an adult, but financial education lags