The Abu Dhabi DCD partners with (Mbank) to drive financial empowerment

The Department of Community Development in Abu Dhabi has signed a memorandum of understanding with the Al Maryah Community Bank [Mbank], aiming to enhance the financial wellbeing of individuals and families and support social stability in the emirate. This comes within qualitative initiatives aligned with the objectives of the “Year of the Family” and contributes to improving quality of life.

The memorandum focuses on designing and developing innovative programs that promote financial awareness and reinforce practices supporting sustainable financial stability. It also emphasizes unifying efforts and exchanging expertise between both parties to launch measurable and scalable initiatives that deliver tangible social impact.

Under the agreement, the Department will lead the design of initiatives and ensure their alignment with the approved policies and regulations in Abu Dhabi.

Additionally, it will develop an integrated framework to monitor and measure social impact, direct research to support evidence-based decision-making, and enhance knowledge exchange and capacity building in line with community priorities. In return, the bank will provide technical support and the necessary resources to develop financial wellbeing programs, with a focus on sustainability and scalability.

The bank will also lead community awareness campaigns to promote financial literacy and offer practical solutions, including budgeting tools and savings options, as well as digital platforms and educational modules that contribute to empowering individuals and families financially.

Mohammed Hilal Al Blooshi, Executive Director of the Social Engagement and Empowerment Sector at the Department, affirmed that this partnership reflects Abu Dhabi’s commitment to strengthening the community empowerment ecosystem through initiatives that respond to societal needs and support its stability. He noted that financial awareness and planning are fundamental pillars in تعزيز family cohesion, especially during the “Year of the Family.”

For his part, Mohammed Waseem Khayyata, Chief Executive Officer of the bank, explained that the agreement reflects both parties’ belief that financial wellbeing is a cornerstone of family stability and community prosperity. He emphasized that the bank’s role goes beyond traditional banking services