TAKAFULREGULAR SAVINGS PLANSave and Invest with Peace of Mind

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MUTUAL SUPPORT FOR A STRONGER FINANCIAL FUTURE

What would you liketo save for?

Al Hilal BankAl Hilal Bank is truly a bank like no other. It sets itself apart by making the Islamic banking experience smarter, more personal and a whole lot more exciting. We believe in blending performance with consistency, while always remaining faithful to genuine Islamic values. Our offering features a variety of products and services that cater to all of your financial needs. In other words, Al Hilal Bank puts you at the center of everything it does.

Takaful Regular Savings PlanThere are many important goals in life worth saving for – your retirement, your children’s marriage, or building your dream home. Whatever your goal for saving is, the Takaful Regular Savings Plan can help you plan and strengthen your financial security while safeguarding your future. You will also gain additional peace of mind by knowing that your loved ones are taken care of with family Takaful benefits.

What is Takaful?Takaful comes from the Arabic verb “Kefala”, which means ‘taking care of one’s needs’. Takaful is based on the principles of solidarity, mutual help and brotherhood, as well as cooperation among members or participants. They agree to share the risk of any financial losses, which are paid out of defined resources/assets. This system serves the interests of all participants, and aims to diminish and spread out losses resulting from unforeseen events.

Takaful is an alternative to the conventional/Western style of insurance. According to its principles, policyholders extend mutual support to each other for their common good, without taking advantage of one another. A portion of each policyholder’s contribution is allocated to a solidarity fund, which is used to pay benefits in case of untimely death or accidental injury. This concept is based on Shari’ah principles that encourage helping those in need.

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PRODUCT FEATURES TAKAFUL REGULAR SAVINGS PLAN

EligibilityOpen only to AHB account holders aged 18-60 years at contract start date (not more than 70 years of age at maturity)

TenureMin. 10 years Max. 30 years

Payment ModeMonthly or Annually

Contribution ModePayments collected on contract start date (1st of next month)

With Dynamic Protection Program

Minimum ContributionMonthly AED 500

Takaful Cover Selection100% or 60% of Total Contribution

BeneficiariesUp to 4 Beneficiaries per plan

Other Features - Simple application process and quick policy issuance - No medical examination; only simple health declaration for up to AED 1.55 million Takaful Benefits - Annual Takaful Solidarity Fund surplus distribution - No case is declined

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Maturity BenefitsPayable upon maturity; comprises the protected unit price or the market unit price, whichever is higher

Takaful Benefits in case of deathCover selected or cash value, whichever is higher

Supplementary Takaful Benefits Payable upon death between time of contract activation and contract start date (payment of first contribution)

BENEFITS

ProtectionProtects your family against mishaps with our Takaful cover

ApprovalImmediate approval & issuance of policy

Medical ExaminationNo medical required (this applies to 98% of our cases)

TransparencyPeace of mind in awareness of the Takaful Covers from contract start date

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OPTIONS*

Increase of Regular ContributionMin. monthly increase is AED 300No change in Takaful Benefits

Decrease of Regular Contribution*Min. monthly decrease is AED 500 after 1st contract anniversary

Additional Lump Sum ContributionMinimum AED 3,000No change in Takaful Benefits

Partial Withdrawal Possible at anytime before maturity without penalties, provided that participant’s share value doesn’t fall below AED 10,000

Deferral of ContributionAfter 18 months you may defer your regular contributions for a maximum of 12 months with Takaful Benefits

Change in Payment Frequency Possible after 1st year of the Plan

Surrender At any time with no additional surrender fees

Paid-upCan be availed after 18 months, provided the cash value is above AED 10,000

RestartYou may restart your policy after Paid-up. Subject to underwriting process if after 6 months and above

Continuing After Maturity You can continue participation in investment strategies after maturity without Takaful Benefit

* Terms and Conditions apply – please refer to the GTC & PINS

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In light of their long-term increase in value, Shari’ah-compliant funds have been very important investment instruments in the past. The developments in the stock market over recent years have, however, also shown the risks to which participants may be exposed in the event of a declining market and fluctuations in equity values due to volatility. At the same time, cash does not represent a real alternative for mid-term or long-term investments, while participants also tend to be afraid of missed chances. What’s more, traditional risk balancing by adding bonds to the investment portfolio is not Shari’ah-compliant either.

As such, and in partnership with an international bank (rated A+ by an international credit rating agency), the plan includes a Shari’ah-compliant Dynamic Protection Program (DPP), which is aimed at providing breakthrough solutions to these issues.

DISCLAIMER Any and all insurance Takaful policies provided in relation to this program are issued by the Dubai Islamic Insurance and Reinsurance Company (AMAN), a company incorporated under the laws of the United Arab Emirates, having its registered office at Dubai PO Box 157 and acting as the issuer and operator of the Takaful insurance in accordance with the terms and conditions of the relevant Takaful policy to which this program relates and the principles of the Islamic Shari’ah approved by the Shari’ah Board of AMAN. Accordingly, Al Hilal Bank P.J.S.C. shall in no way be bound to any matter or thing under these Takaful insurance polices. Al Hilal Bank P.J.S.C. is only a distributor of the plans

DYNAMIC PROTECTION PROGRAM

Start Saving Today!For more information, or to apply for the Takaful Regular Savings Plan, please call 800 66 66 66 or visit your nearest branch.

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