Marriage and Financial Obligations in the UAE | ExpatWoman.com
 

Marriage and Financial Obligations in the UAE

Ensure long-term financial success and happiness in Dubai with careful financial planning.

Posted on

24 February 2014

Last updated on 14 May 2018
Marriage and Financial Obligations in the UAE
With each of life’s major milestones comes new financial responsibilities, and when you move or already live abroad, the financial aspects can be even harder to manage. However, with careful planning with an independent financial advisor (IFA) regulated by the UAE, you can ensure long-term financial success and happiness in Dubai.

Marriage in Islam is a contract between a male and female which is upheld by law and aims to safeguard the rights of both parties and any future children. An Islamic marriage contract needs to be registered in a Sharia court within the UAE to be a legalised and recognised document.


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For non-Muslims, the marriage obligations in your home country should be observed. After the wedding itself, big financial decisions need to made, including on your mortgage, paying bills, and budgeting for expenses – factors which also apply to married couples who decide to decide to move to Dubai.

The Questions To Consider:

  • Who will handle day-to-day finances, and who will manage any investments or savings?
  • Do you plan to have separate bank accounts or manage your finances together?
  • Setting financial common goals with reference to these questions can be a great way to plan your future together, and depending on the complexity of your assets or goals, an IFA can help you outline a long-term plan for the future.

An IFA will be able to prepare a plan which addresses the following key points:

  • The best ways to organise savings efficiently, including buying a house, providing for your children, tax planning and retirement. Mapping a budget to understand your finances as a couple.
  • How to handle your bank accounts, including opening an offshore bank account should you require one.
  • Health and life insurance.
 
 

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