The Pravasi Bandhu Trust, one of several support groups working among Indian expatriates, will conduct a series of workshops in the Gulf countries to create awareness on saving habits.
The workshops targeting low and middle income expatriates will begin in Doha on February 12 followed by Bahrain and Saudi Arabia.
“We have been conducting similar classes for low earning workers in the UAE since 2001 after forming the PBT which is registered in India under the Charities Act. We create awareness on the need for decent savings and retirement plans,” K V Shamsudheen, chairman of the PBT, said.
According to a survey conducted by the PBT, only 5% of the expatriates said they had enough money saved to take care of their family.
“I went to the UAE in 1971 and I have seen many people who return home without enough resources after decades of hard work. I have since been working among them to create awareness on systematic investment options,” Shamsudheen said.
A member of the core group formed by the Kerala government to advise on the newly incorporated Al-Barakah Financial Services Limited for Shariah-compliant financial products, Shamsudheen was in the Kerala capital to attend its first meeting recently. He also counsels expatriates in despair by phone.
“We conduct a two-hour interactive programme titled ‘For a Better Tomorrow. We have so far conducted 184 programmes attended by more than 70,000 non-resident Indians in Bahrain, Kuwait, Oman, Qatar and various parts of the UAE and in India,” he said.
The PBT had also conducted similar programmes in the Kerala towns of Thrissur, Chavakkad, Tirur, Kozikkode and Kannur for NRI dependents with the co-operation of socio-cultural organisations, religious groups and alumni of local institutions.
The topics covered include how to become a disciplined, sincere and successful worker, tegh need for savings from the earnings, avoidable expenses and extravaganza, the curse of interest on borrowings and credit card traps.
Investment options like real estate, agriculture, jewellery, insurance, fixed deposit, mutual funds and stocks and comparison on the rate of returns and risk factors are also discussed.
Details about the program published by the organizer:
http://www.focusqatar.com/fq/map.html
Today's Gulf Times carries a story about the program
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=340260...
Full Story:
The Pravasi Bandhu Trust, one of several support groups working among Indian expatriates, will conduct a series of workshops in the Gulf countries to create awareness on saving habits.
The workshops targeting low and middle income expatriates will begin in Doha on February 12 followed by Bahrain and Saudi Arabia.
“We have been conducting similar classes for low earning workers in the UAE since 2001 after forming the PBT which is registered in India under the Charities Act. We create awareness on the need for decent savings and retirement plans,” K V Shamsudheen, chairman of the PBT, said.
According to a survey conducted by the PBT, only 5% of the expatriates said they had enough money saved to take care of their family.
“I went to the UAE in 1971 and I have seen many people who return home without enough resources after decades of hard work. I have since been working among them to create awareness on systematic investment options,” Shamsudheen said.
A member of the core group formed by the Kerala government to advise on the newly incorporated Al-Barakah Financial Services Limited for Shariah-compliant financial products, Shamsudheen was in the Kerala capital to attend its first meeting recently. He also counsels expatriates in despair by phone.
“We conduct a two-hour interactive programme titled ‘For a Better Tomorrow. We have so far conducted 184 programmes attended by more than 70,000 non-resident Indians in Bahrain, Kuwait, Oman, Qatar and various parts of the UAE and in India,” he said.
The PBT had also conducted similar programmes in the Kerala towns of Thrissur, Chavakkad, Tirur, Kozikkode and Kannur for NRI dependents with the co-operation of socio-cultural organisations, religious groups and alumni of local institutions.
The topics covered include how to become a disciplined, sincere and successful worker, tegh need for savings from the earnings, avoidable expenses and extravaganza, the curse of interest on borrowings and credit card traps.
Investment options like real estate, agriculture, jewellery, insurance, fixed deposit, mutual funds and stocks and comparison on the rate of returns and risk factors are also discussed.