Group Credit

Group Credit:

Group Credit Plan:

A Shari’ah compliant plan designed to offer protection to Banks and similar financing/ leasing companies from suffering any loss due to the untimely death (God forbid) of its Borrowers. As for the Group Care, this plan also offers related additional benefits including but not limited to Total Permanent Disability.

The benefit is equal to the outstanding principal amount at date of death or disability and ensures full settlement of the account of such Members thus eliminating any financial risk or loss to the Banks or similar leasing/ financing companies at such time.