In a bid to strengthen family foundations and promote financial stability, Abu Dhabi has introduced a groundbreaking Marriage Loan initiative. This interest-free loan is eligible for newlywed Emirati couples, aiming to help them start their married life on solid financial ground. Discover how this initiative is designed to nurture strong, resilient families and uphold cultural traditions in the UAE. The Abu Dhabi Social Support Authority will announce the channels through which the Marriage Loan service will be provided, the required documentation, and will start receiving applications from early September 2024.
Financial Support
The Marriage Loan initiative provides an interest-free loan of up to AED 150,000 to newly married Emirati couples. This financial aid is specifically designed for those who are employed and hold an Abu Dhabi family book. The initiative underscores the importance of financial stability as a cornerstone for a successful marriage, offering young couples a secure start without the immediate burden of debt.
Abdulla Al Ameri, Director-General of the Abu Dhabi Social Support Authority, remarked, “This initiative reflects the Abu Dhabi Government’s commitment to fostering strong family ties and promoting social cohesion. By supporting soon-to-be-married individuals, we are laying the groundwork for sustainable family futures. This aligns with our strategic direction to enhance the stability of Emirati families and maximize their positive impact on society.“
Reinforcing Cultural Traditions and Family Values
Beyond financial assistance, the Marriage Loan initiative aims to encourage marriages that honor UAE’s rich cultural heritage and wedding traditions. The SSA’s focus on family cohesion is seen as a critical element in fostering a resilient and cohesive community, crucial for the emirate’s sustainable development.
“The initiative aligns with our broader efforts to strengthen Abu Dhabi’s social care system,” explained Ahmed Al Azeezi, Executive Director of the Social Support Applications Sector at the SSA. “We aim to ensure that this new service, along with the existing social support services, meets the highest standards of governance and transparency. Our goal is to help newly married couples in Abu Dhabi build strong, stable families.“
Criteria and Application Process
To be eligible for the Marriage Loan, several criteria must be met:
- The husband must possess a Family Book issued in Abu Dhabi and be at least 21 years old.
- The wife must be at least 18 years old at the time of marriage.
- The husband’s monthly employment income must be less than AED 60,000.
- Registration on the Medeem Digital Platform is required.
The SSA will soon announce detailed application procedures and necessary documentation. Applications for the Marriage Loan will open in early September 2024, with the SSA promising a streamlined and transparent process.
As the world watches how different societies adapt to contemporary economic and social challenges, Abu Dhabi’s Marriage Loan initiative stands out as a thoughtful, community-focused approach. It not only supports individual families but also contributes to the broader societal goal of sustainable growth and stability. The Abu Dhabi Social Support Authority will announce the channels through which the Marriage Loan service will be provided, the required documentation, and will start receiving applications from early September 2024.
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