What do you want to do?
Bengal Single Payment Mudaraba Takaful
The fund grows under this plan is free from Riba (interest) and it gives an Islamic Shariah based Takaful solution of savings along with financial assistance. The fund grows under this plan is free from Riba (interest) and it gives an Islamic Shariah based Takaful solution of savings along with financial assistance.
This Family Takaful plan is a shariah compliant savings plan. At maturity this Takaful plan offers mudaraba sum with accrued profit grown over the policy term. The fund grows under this plan is free from Riba (interest) and al-gharar (Uncertainty).
GET A FREE QUOTE
Plan Features, Terms and Conditions
| Takaful Term : | 6, 8, 10, 12 and 15 years. |
| Takaful Amount/Face Value : | Any amount but not less than BDT 20,000/- (Twenty Thousand) |
| Mode of payment : | Yearly, Half-yearly, Quarterly or Monthly |
| Takaful Term : | : (a) Entry age: 18 years to 54 years, (b) Maturity age: Not exceeding 65 years |
-
Supplementary (Ezafi) Takaful Benefits With this takaful plan no supplementary (Ezafi) Takaful benefit can be taken.
-
Eligibility of Takaful Participant
- Takaful Participant must be in good health.
- Takaful Participant must have regular own income.
-
Benefits of the scheme
- Maturity Benefit : At maturity, the participant will be entitled to all the money deposited into his Mudaraba Fund with profit/loss as per mudaraba policy.
- Financial Benefit on Death : Subject to takaful being in force, at the event of death all the money deposited in the PIA till death will be paid to his/her nominee for distributing to the heirs in accordance with the Shariah, along with the profit/loss as per the principles of Mudaraba. In addition, financial assistance will be provided from the tabarru fund to his nominee for distributing to the same according to Shariah as per tabarru policy, excluding the amount deposited in the Mudaraba Fund (including previously withdrawn amount, if any) from double the face value.
- Withdrawal of Mudaraba Fund : After full two years of policy term, the Takaful participant may withdraw up to 50% of his deposited Mudaraba fund showing valid reason on condition that the participant will contribute an additional sum of this withdrawn amount to the tabarru fund within a maximum of three years from the date of withdrawal on the basis of a written unilateral undertaking by the participant.
- Income Tax Rebate : Income tax rebate is available on contributions made under this Takaful.