Whoever removes a worldly hardship from a believer Allah (SWT) will remove from him one of the hardships of the Day of Judgment ‘’Prophet Mohammed (PBUH) (Sahih Muslim Hadith no. 59 as narrated by Abu Huraira)
The plan is designed for anyone with any form of short/long term interest free loan for starting a business enterprise. The plan secures a cover for the payment of outstanding loan facility should the participant die before completing the payment of his debt.
Peace of mind is assured
Guarantor is relieved of any liability on credit facilities
Financial protection to the dependant in the event of death of the participant based on the principle of Tabaru
Dependant will inherit assets not liabilities
Tax relieve on contributions
A simple and transparent plan
Payable as a lump sum
It depends on the amount of the loan
facility and the mark up profit.