Takaful

Comprehensive portfolio of Takaful

What can we offer you?

We aim to go that extra mile in providing you a new paradigm of convenience to meet all your takaful requirements including your savings, investments, life protection, valuable assets, lifestyle, travel and medical.

Hyat, the Universal Takaful Plan

Changing Priorities in a Changing World!

The course of life is shaped by many events such as graduation, landing your first job, buying a home, getting married, starting a family and saving for retirement.

Your protection and investment needs will certainly change throughout your life. For single people, short-term savings are likely to be the highest priority. The priority for married people with children moves towards financial protection of the family. The need for protection decreases as the children grow up and leave home and investment for retirement becomes a growing priority.

No matter where you are in life's journey, establishing a sound financial base through regular savings will help, providing you with lifetime financial security with the flexibility to respond to your changing needs and aspirations.

Key Benefits from Hyat include

Providing life protection which runs to an agreed End Date.
Providing an agreed sum if the Covered Member passes away, or suffers from a covered event where the Benefit is applicable.
The Plan will end if any of the protection benefits are paid out, with the exception of Waiver of Contribution and Critical Illness Benefit.

Top 3 Reasons to Buy

Protection up to the age of 85
Providing you to build savings that can be used even for retirement
Easy Contribution payment option - full term and limited period of 6 years only

Free Look Period

During the free look period of 21 days from the Issue date you have a right to cancel your plan without any obligations by giving notice in writing and returning policy documentation. Your plan will be cancelled by the provider from its inception so that it is null and void and any contributions received during this period will be refunded as per the plan Terms and Conditions.

Investing for Tomorrow!

Achieving any goal requires commitment and discipline. Saving and investment is no exception.

Investments, Saving, Wealth Accumulation. That's all one hears across industries, across media, across events. And why is that?

We all know that saving for the future, is a wise decision to make, be it for a dream holiday, a car, our children's future or even for retirement.

Key Benefits from Idhikar include

Helping you to plan ahead and start preparing for your future rather than leaving things to chance.
Combination of having Family Takaful protection and increasing the value of the money you invest.
No switching charges applied to get you the full benefits of performing funds.

Top 3 Reasons to Buy

Build fund value through systematic investment (commitment to save regularly) over a period of time starting from 5 years.
Smart investment strategy to meet your financial goals through a range of carefully selected Islamic mutual funds to get you the benefits of diversification.
In case of an emergency a cash back option is available which will allow you to withdraw funds without any penalty up to a maximum of 40% of the fund value.

Free Look Period

During the 21-days free look period from the Issue date you have a right to cancel your plan without any obligations by giving notice in writing and returning policy documentation. Your plan will be cancelled by the provider from its inception so that it is null and void and any contributions received during this period will be refunded as per the plan Terms and Conditions.

Iqra Children Future Plan

An Investment in your Children's Future!

Without a doubt there is nothing more important for a child than receiving a good education. Everything a child becomes can be influenced by education. Little wonder then, what you invest in your child, you invest in the future.

The simple fact is the cost of education is increasing with every passing year, running in many cases, well ahead of the Rate of Inflation. The reality today is that many capable students are finding it increasingly difficult to go to college because of the financial strain.

The average tuition cost and living expenses of a 3-year degree at a private college in 2007 in Dubai is AED 372,000; in Canada AED 316,000; in USA AED 486,000; and in UK AED 462,000.

Key Benefits from Iqra include

Helping you to ensure that a lack of financial resources is not a deciding factor in your child's education.
Preparing you to send your child for further education which is one of your biggest responsibilities and a big commitment.
Combination of Family Takaful protection and an increase to the value of the money you invest.
No switching charges applied to get you the full benefits of performing funds.

Big 3 Reasons to buy

Iqra Child Future Plan is a variable savings and fixed term protection Plan which is designed principally for education provision.
Helps you build fund value through systematic investment over a period of time starting from 5 years minimum.
Smart investment strategy through a range of carefully selected Islamic mutual funds to provide you with the full benefits of diversification.

Free Look Period

During the free look period of 21 days from the Issue date you have a right to cancel your plan without any obligations by giving in writing along with the policy document. Your plan will be canceled by provider from its inception so that it is null and void and any contributions received during this period will be refunded as per the plan Terms and Conditions.

Maash Retirement Plan

Life Begins Upon Retirement!

More and more people are beginning to recognize that they cannot rely on the state, an employer or their family to look after them in later years. They also realize they are likely to live longer than previously thought. But they do want to feel secure in the knowledge that they can afford to maintain a certain lifestyle in retirement. After all, retirement is from a job, career or activity and not from life. As a result, many recognize they need to take action now.

It pays out an agreed sum during the selected term of the Plan if the Covered Member passes away, or suffers from any covered event where the Benefit is applicable. The plan will end if any of the protection Benefits are paid out, with the exception of Waiver of Contribution and Critical Illness Benefit.

Does the word retirement fill you with a vague sense of foreboding or herald the prospect of a welcome and well deserved phase of life with many new opportunities? Much depends on how confident you are about the future.

Key Benefits from Maash include

Prepare you to enjoy the freedom which retirement brings by helping you plan ahead for your retirement by acting now rather than leaving things to mere chance.
Combination of having Family Takaful protection and increasing the value of the money you invest.
No switching charges applied to get you the full benefits of performing funds.

Big 3 Reasons to buy

It is a variable savings and fixed term protection Plan for retirement planning. Helps you build retirement provision through systematic investment over a period of time starting from minimum 5 years.

Smart investment strategy to meet your provisions of retirement goal thru a good range of carefully selected Islamic mutual funds to get you full benefits of diversification.
In case of an emergency a cash back option is available which allows you to withdraw funds without any penalty up to a maximum of 40% of the fund value.

Free Look Period

Istithmar Investment Plan

Let Your Money Work for You!

Maximizing the potential of your investments is essential. But getting the most from them can also be complex and time consuming. Istithmar Investment Plan provides you with affordable access to professional fund management on terms normally reserved for the largest investors. The plan also has Family Takaful Benefits which provides a small lump sum payment in case of a Covered Member passes away. The Plan will end if it is fully encashed or if SALAMA pays out the Family Takaful Cover or on the Plan Anniversary prior to the 85th birthday of the Covered member.

Whatever your reason for investing, one of the most important decisions will be how best to invest the money you are putting aside. We have negotiated special arrangements so you can access top performing funds on terms not normally available to individual investors.

Key Benefits from Istithmar include

Professional fund management on terms normally reserved for the largest investors.
Access to a growing range of rewarding Islamic investment opportunities.
No switching charges applied so you get the full benefit of performing funds.

Big 3 Reasons to buy

· Single Contribution Investment Plan. It has no fixed term but the Plan must end on the Plan Anniversary prior to the 85th birthday of the Covered Member.

· Invest for as long as you like, however, you should aim to keep your investment for at least 5 years.

· Combines security, simplicity and choice, so you can sit back and relax as your money works for you.

Free Look Period

Motor Takaful

A Comprehensive Vehicle Cover that inspires confidence!

Noor Motor Takaful (the “Plan”) offers comprehensive cover for any loss or damage that may occur to your vehicle due to accident, fire or theft. It also includes cover for loss or damage that may occur to third parties and their properties as a result of an incident. The plan offers two types of covers - Motor Comprehensive and Motor Third Party.

Key Benefits from Noor Motor Takaful

Covers your vehicle from accident or accidental collision or overturning following a mechanical breakdown.
Covers your vehicle from fire, external explosion, lightning or thunderbolt
Covers your vehicle from Burglary or Theft, malicious acts of any third party.

Big 3 Reasons to Buy