By exerting our best efforts to provide the leading Islamic banking services, we offer you innovative and convenient financial solutions that will help you achieve your objectives and provide security in a Shariah compliant way.

(“AlAhli Takaful and Savings Programme”) is designed to suit your lifestyle, protect your objectives and fulfill your saving requirements whether for retirement, children’s education, children’s marriage or any other goals you plan to accomplish.

Examples:

Aisha is a widow who has a 9 year old son and she wishes to provide for his university education. She estimates the cost at around SR150,000 which will be needed after ten years. Through AlAhli programme, she can achieve more than that with a monthly subscription of SR1,250! By applying for the programme (with an average growth rate of 5 % [1] per annum), she is likely to receive an estimated amount of, including revenue from the saving plan throughout her program period, SR168,000 which will be available for her son’s education.

Abdullah plans to save in order to cover the cost of his only daughter’s wedding which he hopes will happen after 15 years. He estimates the cost at SR200,000. Through AlAhli programme, he can achieve more than that with a quarterly subscription of SR3,400! By applying for the programme (with an average growth rate of 5% [1] per annum), he is likely to receive an estimated amount of, including revenue from the saving plan throughout his program period, SR247,000 which will be available to cover the cost of his daughter’s wedding.

Abdurrahman is an active 35-year-old company manager who wants to save some money for his retirement when he reaches 55 years of age. He estimates the amount he needs at around SR1 million at that stage. Through AlAhli programme, he can achieve more than that with a monthly subscription of SR4,500! By applying for the programme (with an average growth rate of 5% [1] per annum) he is likely to receive an estimated amount of, including revenue from the saving plan throughout his program period, SR1,316,000 that he can enjoy at retirement.

Benefits

(“AlAhli Takaful and Savings Programme”) is known for its flexibility and affordability. Any NCB customer residing in the Kingdom between the ages 18 and 60 years are eligible to subscribe with contributions as low as SR280 monthly, SR840 quarterly, SR1,680 semi-annually or SR3,360 yearly for a minimum duration of 7 years.

• Maturity Benefits: By investing the regular contributions in various Investment Strategies for a long term savings that would allow you to reach your objectives;
• Death Benefits: In case of death before the end of the programme, it provides an instant comprehensive cover for all paid and future contributions as to maintain the participant initial goal.

Wide Range of Options

The programme is tailor-made to suit your personal needs, lifestyle and budget. It offers, in addition, many options that you can choose from at any time as to meet the requirements and needs of your personal changes:

• You can choose either the Hijri or Gregorian calendar to suit your cash flow;
• You can appoint and add a number of beneficiaries to the saving plan;
• You can switch/redirect your contributions from one investment strategy to another, with 4 free switches/redirections a year;
• You can increase or decrease your contributions according to your budget;
• You can defer your contributions for 12 months as well as paying additional lump sum contributions;
• You can make partial withdrawals when you need the cash (subject to limits).

[1] 5% is used here for illustration purposes only. The Wakeel cannot guarantee the future performance of the Participant Investment Strategies. Additionally, past performance of the Participant Investment Strategies is no guarantee for future performance. The investment risk is borne by the Participant.