Investment Takaful Plan
Like most people, you probably have an idea of what you wish to achieve in your life and know that realising your ambition requires effort and a financial commitment. Your goal could be providing a college education for your children, buying a second home or purchasing a luxury item.
Whatever your lifetime goals may be, planning ahead increases your chances of reaching them sooner. At SABB Takaful, we help you craft a long-term investment strategy that can meet your financial goal that you have set for you and your family. Our Investment Takaful Plan allows you to invest in a wide range of Shariah compliant funds with various types of investment strategies that can be tailored to suit your risk appetite. It also provides your family with personalised financial protection should anything unfortunate happen to you (God forbid). What’s more, we assure you that this plan is fully Shariah compliant.
Enjoy today and tomorrow with greater peace of mind while watching your investment portfolio grow.
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
The minimum initial contribution is only SAR 30,000 and you can top-up on your initial contribution at any time.
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.
Free switching
Switching between funds is free of charge, up to 10 times in any one plan year. This provides you the opportunity to keep your investment objectives aligned with your future financial goals, which may change along the way.
Option for fund withdrawal
You can make partial withdrawals from as low as SAR 1,000 provided that a minimum of SAR 4,000 is maintained in the fund at any time.
Eligibility
This plan is made available to investors aged between 18 and 65 years.
Flexible term period
You can choose a term that suits your needs, starting from a minimum period of 3 years up to a maximum of 30 years, subject to a maximum age of 75 years upon maturity.
Flexible coverage scheme
You can choose the level of your financial protection amount from as low as 10% of your initial contribution.
Family Takaful benefit
Option to choose either the higher of the protection amount or current value of units or the sum of the protection amount plus the current value of your units.
Beneficiaries
Your appointed beneficiaries are entitled to receive the Family Takaful benefit in the event of your untimely death (God forbid).
Option for additional benefit
You can choose to add accidental death benefit, accidental medical expense 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 in a lump sum, in regular installments, or as a combination of both.
Start investing for your future today!
Contact us for a complimentary personal financial review now.
