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Customers have the choice to build up their savings by either contributing on a regular basis or as a lumpsum amount, which then gets invested into some of the world's best performing Sharia'h compliant funds.
The programme also provides Takaful benefits, ensuring that savings and investments goals are achieved, even in the event of loss of life of the customer. Customers can choose to protect 60% or 100% of their intention. The product is completely Sharia'h compliant and is approved by the Shariah Board, headed by Sheikh Abdalla Ben Suliman Al-Manei, Chairman of the Shariah Board of Badr Al Islami.
Mubashar Khokhar, CEO of Badr Al Islami, said:
"Badr Takaful Savings & Investment Programme is an innovative product, bridging the gap of sharia'h compliant solutions in the bancassurance department's product offerings. With the established foundations of Mashreq, and the specialized expertise of Badr Al Islami, this new scheme allows us to reach out to even more customers who are looking for the most convenient way to save for their needs in future."
In line with other products and services offered through Mashreq and Badr Islami, the scheme is both convenient and affordable.
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Posted by Nadeen El Ajou
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