This is a Takaful plan designed for everyone who desires to invest his money in line with the shariah. This type of plan is meant for anybody that intends to build capital over a period. The Plan allows you to save and invest your money at your own convenience to meet certain targets/ needs with accrued profit in the nearest future. The investment period ranges from 2 years and above.
Returns on investment based on Islamic concept of Al-Mudharabah
Flexible maturity period ranging from 2 years and above.
Investment not forfeited in the event of cancellation
Payment could be made monthly, quarterly, half yearly, yearly and single contribution.
Peace of mind for dealing in a Shariah-Compliant investment
Eligibility
Anyone between the ages of 18 and above
Minimum Contribution
As low as N6000.00 (Six thousand naira) per month
Maturity Period
2 years and above
Minimum Contribution
Ranging from N10,000 per month and above
Mode of Payment
Cash or Cheque
Bank Internet Transfer
Direct Debit
Distribution of Contribution
All contributions will be credited into the Participant’s Account (PA) as savings. The account is also credited with the Participant’s share of the profit.
Payment of Benefits
On Maturity:
The total amount in the Participant’s Account plus profit sharing;
On Death:
The total amount in the Participant’s Account plus profit sharing;
On Surrender:
Payment of the amount in the Participant’s Account plus profit sharing.