What is the Tarahum Fund?
Tarahum fund is a social, cooperative system based on the members subscription and applies the principles of cooperation in satisfying the financial needs of subscribers. It is also a saving scheme in which employees can participate and consequently encash their savings at the end of membership.
What is the purpose of Tarahum fund?
Provision of financial assistance in the form of interest free loans according to the needs of the subscriber.
Who is eligible?
All direct hire or direct contract employees and ADNOC secondees.
What is the amount of assistance provided?
An interest-free loan not exceeding AED 50,000 can be granted, recoverable in 24 monthly instalments or less.
How do I participate?
By submitting the filled application form to the secretary of the committee.
Participants can choose the deduction of either 3% or 5% or10%of their salary as a monthly contribution.