Plan your's child education, your daughter's wedding or your own retirement, BankIslami provides you a golden opportunity to invest.

Now you can protect your family's future with BankIslami Takaful plan that is compliant to your beliefs and principles.

Investment in any of above  products can be made in the following strategies:

Cash Strategy

A conservative strategy with investment option in following Shariah compliant avenues:

  • Sukuks
  • Shariah compliant income funds
  • Islamic Deposits etc

Equity Strategy

An aggressive strategy with investment options in following Shariah compliant avenues:

  • Stock Exchange (Shariah compliant stocks)
  • Shariah compliant mutual funds
 
Contribution FrequencyAnnual / Half Yearly / Quarterly / Monthly
Minimum Regular Contribution Bands (in Rs.)30,000 / 15,000 / 7,500 / 2,500
Flexibility of contributionIncrease / Decrease of Regular contributions of PKR 30,000
TenureThe plan is available for a minimum duration of 10 years.
Minimum joining age18 years
Maximum joining age60 years
Maximum age at maturityNot exceeding 70 years
BenefitsSaving & security
Real time Takaful Plan issuance
Total process time30 minutes approx.
Free Look Period14 days
Sample Illustration
Customer Age39 years
Policy Term10 years
ContributionPKR 54,000 annually
Membership Year7% rate of return9% rate of return11% rate of return
Main Plan Death BenefitCash ValueMain Plan Death BenefitCash ValueMain Plan Death BenefitCash Value
1540,0009,251540,0009,342540,0009,432
5540,000221,843540,000231,093540,000240,673
10584,993584,993642,510642,510705,987705,987

What Is Takaful:

The word Takaful comes from the Arabic root word Kafala, meaning “Guaranteeing each other”. The Takaful arrangement is based on the concept of Ta’awun (mutual assistance) and ‘Tabarru’, where a group of participants pool resources in order to mutually share the risk of each other. In case of loss occurring to one or more of the participants, the group collectively and voluntarily provides financial assistance to compensate the beneficiaries of the participants.

Our Takaful Partner: Pak-Qatar Family Takaful Limited (PQFTL)

In this Takaful plan, BankIslami is serving as a “Distribution agent” of Pak-Qatar Family Takaful Limited. PQFTL (as a principal) is responsible for claims settlement as well as professional management of Participant’s Investment account and the Waqf fund. PQFTL is Pakistan’s premier Family Takaful provider that is financially backed by some of the most prominent Qatari Institutions including: Qatar Islamic Insurance Company (QIIC), Qatar International Islamic Bank (QIIB), Qatar Islamic Bank, Qatar National Bank, Masraf Al Rayyan, The Anwal Group and Munich based FWU, Group. PQFTL is registered and supervised by Securities and Exchange Commission of Pakistan.

Disclaimer

  • Service charges and taxes will be applicable as per the Bank’s schedule of charges or Taxation laws as stipulated by the relevant authorities
  • A description of how the contract works is given in the Participant’s Membership Document (PMD).
  • Past performance of the fund is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of the future or likely performance of the fund.
  • BankIslami Pakistan Limited is acting as a distributor of BankIslami Takaful - Saving Plan, BankIslami Takaful - Asaan Saving Plan and BankIslami Takaful -- Single Contribution Plan on behalf of Pak Qatar Family Takaful Limited and is not responsible in any manner, whatsoever, to the customer, his/her beneficiary/ies or any third party.
  • Pak Qatar Family Takaful Limited is registered and supervised by Securities and Exchange Commission of Pakistan.
  • All products, BankIslami Takaful - Saving Plan, BankIslami Takaful - Asaan Saving Plan and BankIslami Takaful - Single Contribution Plan applications are processed and approved by Pak Qatar Family Takaful Limited, as per their underwriting guidelines. BankIslami Pakistan Limited is not responsible for the processing and approval of these applications in any way, whatsoever.
  • This brochure only provides an introduction to the benefits available under the policy.

*Conditions Apply