THE DUBAI Financial Market (DFM) has launched iVESTOR Shabab card for the youth in the UAE, aimed at promoting financial knowledge and responsible spending under parental control.

The Shari’ah compliant card is customised for people under 21 years of age and represents the youth version of the iVESTOR card launched in 2010, a first of its kind initiative amongst stock exchanges across the world.

iVESTOR Shabab entitles a cardholder to become an official DFM investor by receiving a dedicated Investor Number to trade on the market in the long term.

It is also a pre-paid card which provides the flexibility to make retail and online purchases and payments globally via any merchant accepting VISA. The card has been widely welcomed when DFM showcased its key features to school and university students in the UAE.