Questions & Answers
Questions & Answers
4 available 4 • View allCan the bank withhold my EOSB after changing jobs and providing all documents?


2
Q: I have a loan from a bank and I have changed my job, the bank is holding my end of service.
It's been 4 months now and my new salary is transferred to them and I never defaulted on a payment. what to do?
Noting that my new salary is higher than the old one but the bank is claiming that my new company is not registered with them and rejecting to release the amounts.
P.S. The original loan amount is 550K (including interest) balance amount to be paid is 380 K and my EOS is 195K.



Apr 11, 2023
512
Can the bank freeze my end-of-service benefits even if I did not miss any payment?

0
Q: Hi,
I am out of my job. My end-of-service money got blocked since I still have a personal loan for 2 more years.
I plan to find another job and I am not leaving the UAE. Also, my husband is working here for many years.
How can I release my end-of-service money?


Mar 8, 2023
1082
Can the bank still hold the EOSB even after providing documents of the new job?
1
Q: I have been regularly paying my monthly installments until I lost my job and I know that the bank will deduct the amount from my EOSB until I get a new job.
When I got my new job and processed all the documents like my visa and EID, I immediately submitted them to the bank along with my salary certificate which shows that I have the same salary from my previous employment and the same amount was used as the basis when the bank approved my loan.
So basically, I will be able to pay the same EMI. I have been going to the bank several times to check the status of my request for the release of the EOSB and each time I go, they have different statements.
Finally, I got a call and the bank says they won't release it as it has to be partially used as a payment for my loan. What can I do?

Nov 10, 2021
433
Can I leave the country with a bank debt while I am changing jobs?



0
Q: I have canceled my visa from my current employer and I am exiting the UAE, but I will come back to the UAE after 3 months on another employer visa.
So, do I have to clear the debts of all my credit cards before exiting or can I keep using it since I have to come back after 3 months?




Sep 11, 2023
183
Legal blog
1 available 1 • View allAn Overview of the New UAE Labor Law and Recent Amendments of 2024 235
The UAE has adopted a major reform in its legislative system that brought about 40 new laws and amendments to the company law, criminal law, personal status, among others. The amendments aim to develop the legislative structure in various sectors, the labor law being one of these, was the most recent. We try in this article to shed light on the changes introduced with the new labor law and their significance on both, the employer and employee.
Sep 10, 2024
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Laws & Regulations
2 available 2 • View allFederal Decree-Law No. (33) of 2021 On the Regulation of Labor Relations 34
The provisions of this Decree-Law, known as "New UAE Labor Law", govern labour relations in the private sector of the United Arab Emirates. The New Labor Law repeals the previous UAE Labor Law (Federal Law No. (8) of 1980).
Sep 20, 2021
27187
Federal Law No. (8) of 1980 Concerning the Regulation of Labor Relations 53
The provisions of this Law, known as "UAE Labour Law", govern the relationship between employers and employees and other labour matters in the United Arab Emirates. There are special labour related regulations applicable in some of the free zones in the UAE.
Apr 20, 1980
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