Hilal Investment Plan
Takaful Investment Plan (Ethical Investment) is meant for anybody that needs to build capital. It is achieved by saving some amount of money in the plan for the purpose of investment under the Mudarabah principle (profit sharing Islamic investment principle) which will earn such participant accrued profit in the future while Tabbaru is deducted to compensate the contributor’s beneficiary in case of death.
Benefits
- The Plan is Open to All.
- The plan is arranged with a Welfare Package and fleixble investment plan that allow for profit sharing (Mudarabah), with welfare packages to dependents on death during the plan tenure.
- It can be monthly, quarterly, half-yearly or yearly contribution with a minimum of N5,000 monthly.
- The Tabbaru (donation) rate for this is 0.76&. Anybody who is willing to fix certain amount under the TIP are also allowed subject to business availability.
- Scope of cover are Death and Permanent Total Disability.
- Age between 18 to 60 years.
- Allows owning multiple shares by several units.
- Systematic Savings and Investment.