Al-Nasir Plan

(Takaful Pension Plan)

– A Dignified smile today…the result of a secure Takaful Pension Plan .With this plan you can look forward to a life of basic comfort in your retirement.


Key Features

  • A fixed and regular income payable either monthly, quarterly, half-yearly or yearly
  • Fulfillment of mutual obligation through collective contribution towards the Donation/Charity (Tabarru) account from where death benefits will be paid.
  • Share of profit, if any, in accordance with the principle of Al-Mudharabah
  • Tax relieves on contribution
  • Peace of mind without any financial worry after retirement
  • A simple and transparent method of saving towards retirement
Maturity Period
  • 10 Years
  • 15 Years
  • 20 Years
  • 25 Years
  • 30 Years

Distribution of Contribution

  • A larger proportion of the contribution will be credited into the Participant’s Account (PA) as savings for the child’s education.
  • The account is also credited with the Participant’s share of the profit.
  • The balance (smaller portion) will be credited into the Participants’ Special Account (PSA) as “Tabarru” for the payment of death benefits.

Payment of Benefits

On Maturity:

  • The total amount in the Participant’s Account plus profit sharing;
  • The net surplus if any allocated to the Participant’s Special Account based on the last actuarial valuation

On Death:

  • The total amount in the Participant’s Account plus profit sharing;
  • The total future contributions payable from the date of death to maturity date of the Plan

On Surrender:

  • Payment of the amount in the Participant’s Account plus profit sharing.

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