Dubai: UAE-based sharia-compliant savings and investment company National Bonds announced Monday that 292 customers have attained millionaire status in the first quarter of 2024. A total of 3,770 investors have achieved millionaire status since the inception of National Bonds, the company said in a statement.
Recent data the company released has said that the post-millennial generation in the UAE is emerging as a beacon of financial prudence, actively saving for their future and defying stereotypes.
Bondholders from Gen Z (born 1997-2012) are exhibiting remarkable financial discipline, becoming the quickest to amass Dh1 million with an average duration of just 3.5 years, compared to the overall average of 4.2 years, according to the company. Additionally, 34 per cent of this demographic continue engaging with National Bonds.
The UAE’s millionaire population…
