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Dubai, United Arab Emirates: During the Holy month of Ramadan, the award-winning digital wealth management firm, StashAway MENA, will be partnering with the Al Jalila Foundation to give back to those in need by turning its revenue to charitable donations – license number 3678.
With the month of Ramadan being a time to focus on community and giving back, StashAway MENA will be donating 50 percent of its annual management fee from all new investments’, from both new and existing customers, to the foundation, which is the local philanthropic organisation established by His Highness Sheikh Mohammed Bin Rashid Al Maktoum. When a new or existing client initiates a fund transfer, they will simply need to enter the promo code, ‘RAMADAN’, in order to contribute. StashAway will then also waive the remaining 50 percent of management fees for the customer for the entire year. For example, if a customer was to invest 10,000 USD (AED 36,700), the management fee waived for that investment would then be 40 USD (AED 147) for one year, and the remaining 40 USD (147 AED) will be donated to the Al Jalila Foundation.
The campaign will run for the full month of Ramadan, from April 13th to May 13th, with the objective being to encourage customers to invest and manage their savings better, while being socially responsible and contributing to the community during the month of giving.
Ramzi Khleif, General Manager of StashAway MENA comments, “We are honoured to be partnering with the Al Jalila Foundation - a charity which has for many years made a positive impact on so many lives. This special time is all about helping others and giving back, so we wanted to create a CSR initiative where we could continue to help potential customers with their finances, while also donating to a great cause.”
Since its launch in November 2020, StashAway has grown from strength to strength, recently announcing that it manages more than $1 billion USD. StashAway surpassed US$1B in assets under management in 42 months, with plans for continued growth throughout the region, helping customers reach their investment goals, whether they want to save for their retirement, children’s education, buy a home, or simply build their wealth.
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