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Savings Takaful Plan

Savings Takaful Plan

Enjoy 20% discount on the participation fees of the first year

Plan for tomorrow today

It is important to start planning for your future – whether it is preparing yourself for any emergencies, providing for your children’s financial stability, buying a house or simply planning your marriage.

At SABB Takaful, we know that you would also like to ensure financial protection for your loved ones should something unexpected happen to you (God forbid). With our Savings Takaful Plan, we tailor the right savings plan to help you meet your financial goal. At the same time, you will receive personalised financial protection to take care of your family’s financial needs. What’s more, we assure you that this plan is fully Shariah compliant.

Start investing a small amount on a regular basis so that you can enjoy your today and tomorrow with greater peace of mind.

Benefits at a glance

 Peace of mind

You can rest assured that this plan is fully Shariah compliant and is approved by SABB’s Shariah Committee. The Shariah Committee members are:

  • Sheikh Abdullah Bin Sulaiman Al Manea
  • Sheikh Dr. Abdullah Al Mutlaq
  • Sheikh Dr. Muhammed A. Elgari Bin Eid

 Takaful surplus sharing

You may be eligible to receive a share of any declared surplus* from the Takaful Fund.

 Affordable contribution and ease of payment

Contribution to this plan starts from as low as SAR 750 per month. You can opt for monthly, quarterly, semi-annual or annual contribution payment using your credit card or by directly debiting your bank account.

 Flexible term period

You may choose a plan term starting from a minimum period of 5 years to a maximum of 30 years, subject to a maximum age of 75 years upon maturity.

 Flexible top-up scheme

You may top-up your plan whenever you are comfortable to do so by increasing your regular contribution or by a lump sum contribution.

 Professional advice

SABB’s Advisors will assist you in your personal financial review and develop a plan to help you reach your desired financial goal. The amount and term period of your plan will depend on your financial needs, your risk profile and your affordability.


You may enroll in this plan if you are aged between18 and 65 years.

 Choice of investment strategies and funds

We are able to take advantage of the local knowledge and expertise of our affiliate, HSBC Saudi Arabia Limited through whom SABB Takaful offers a range of investment strategies and funds to meet your needs.


Your appointed beneficiaries are entitled to receive the Family Takaful benefit in the event of your death (God forbid).


More Benefits

 Option for additional benefit

You may choose to add accidental death benefit, accidental medical expenses benefit, critical illness benefit, waiver of contribution benefit, and partial or total permanent disability benefit to your plan for a more comprehensive coverage.

 Choice of maturity payout

Upon maturity, you can choose to receive the full fund value as a lump sum, in regular instalments or in a combination of both.

 Start saving for your future today!

This Plan is underwritten by SABB Takaful Company
P.O. Box 9086, Riyadh 11413,
Kingdom of Saudi Arabia Tel.: +966 11 299 1666, Fax: +966 11 276 4463,

Contract issue is subject to plan terms and conditions.

*Distribution of the declared surplus is in accordance with the Co-Operative Insurance Companies Control Law of the Kingdom of Saudi Arabia and subject to the approval of the Board of Directors of SABB Takaful Company.