Solidarity offers enhanced savings and investment plan to help achieve life aspirations

Solidarity's existing SolidStart plan, available to nationals, expatriates and international investors, is a Sharia'h compliant saving and investment plan that provides individuals and families with the opportunity to save money for the purchasing of an item of their choice, such as a house, a new car, further education, or a new business venture.

To bolster the existing line of Takaful products, Solidarity - Family Takaful recently launched Takaful Protection Benefits, attached to each savings and investment plan, which includes takaful protection on death and critical illness.

"We are pleased to have recently launched the Takaful Protection Benefits as an added feature to our current line of Family Takaful products. Solidarity prides itself on providing a full line of saving and investment offerings at the highest degree of service while maintaining full accordance with the guiding principles of Islamic Sharia'h in all business transactions," said Rob King, General Manager, Solidarity - Family Takaful.

SolidStart works as a saving, investment and protection plan that can be customized so that an individual or family can set goals and live out their aspirations. Investors can choose to contribute a regular amount of money to their SolidStart Plan on a monthly, quarterly or half yearly basis with plan terms ranging between 5 and 20 years. The SolidStart Plan is available to investors as early as 18 years of age, and the opportunity to increase the value of the plan at any contribution due date exists for all SolidStart investment scheme participants.

"Having dreams and aspirations is a natural part of life. At Solidarity, our goal is to assist customers in realizing their dream of becoming a home owner, or setting up an independent business.," said King.

"By offering affordable and flexible Sharia'h compliant saving, investment and protection plans that are compatible with the lifestyle, budget and requirements of each client, we can work to determine the value and time period of the coverage needed to help clients achieve their dreams," he added.

In addition to SolidStart, Solidarity - Family Takaful provides a wide range of Family Takaful plans including SolidEducation, SolidMarriage, SolidRetirement and SolidarityHajj/Umrah. In addition, Solidarity offers a single contribution investment plan, SolidBond, to help clients achieve targeted investment goals.

"Because Solidarity offers a range of flexible savings plans, clients can decide which approach will best meet their Islamic financial planning needs," explained King.

Solidarity was originally established in direct response to the growing demand for Takaful products across the region, with the expanding scope of this unique Islamic system of insurance and assurance. Solidarity is poised to lead the way in providing the highest level of safety and protection against the widest possible risks, along with a diverse range of prudent saving and investment opportunities to provide one of the best Islamic financial planning models to everyone.

Over the coming years Solidarity plans to further expand its product line to tailor for the growing diversity of market demand for Sharia'h compliant saving, investment, and protection options.