You will fund the policy for certain number of years and the growth in the cash value. At plan maturity, you will receive cash at tax-free.
Al GHAD and Takaful Al GHAD plans isvery simple. You decide, with the help of a specially trained representative, how much you need to save and over how many years. Together you will tailor a Retirement plan that fits your needs and your budget and your goal. Once the plan is agreed, you will start your regular saving.
AL GHAD and Takaful Al GHAD saving program is an investment linked plan; the amount you save will be invested according to an investment strategy through a Sharia’ compliant Portfolios/Fund proposed to you by Allianz Saudi Fransi.
Each time you pay a contribution it will be divided into two portions:
- the first portion will be used to pay the contribution to the Participant Takaful Fund for mutual protection in case of death or Permanent Total Disablement (PTD).
- the second portion will be allocated to your investment account by buying units of Portfolio/Fund.
The Sharia’ compliant Portfolio/Fund currently offered to you by ASF is Al Badr Murabaha Fund Low Risk (You can refer to the fact sheet of the Badr fund at the Saudi Fransi Capital website Al Badr Murabaha Fund is managed by “Saudi Fransi Capital (SFC), the asset management subsidiary of Banque Saudi Fransi (BSF).
Our trained representatives are at your disposal to study your saving needs, investment horizon and risk appetite.