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• ADCB Meethaq Takaful and Savings Programme
  for Regular Contribu-tions
  • Overview
  • How does it work
  • Fact Sheet
  • FAQ's
• ADCB Meethaq Takaful & Savings Programme for Lumpsum Contributions
• ADCB Meethaq Mudarabah Overdraft Funding Facility
• 3rd Party Shari'ah Compliant Investment Products
• Future Plans

A Shari'ah Compliant Regular Savings Plan

Continuing its tradition of trust and customer comfort, ADCB is proud to present a unique Shari'ah compliant Takaful and Savings Programme for Regular Contributions that gives you the opportunity to plan your future and that of those closest to you. ADCB Meethaq Takaful and Savings Programme for Regular Contributions combines a lifestyle savings plan with personal Takaful protection for complete peace of mind.

Secure the future for you and your loved ones with ADCB Meethaq Takaful and Savings Programme for Regular Contributions, an open and transparent Shari'ah-compliant Takaful and Savings Programme that encourages unity and co-operation among all members. These virtues are in accordance with the Shari'ah teaching.

Takaful

Comes from the Arabic word "Kafal" which means taking care of one's needs. It is based on the principles of solidarity, mutual help, brotherhood and cooperation among members. Comes from the Quranic injunction.

This programme features a solidarity fund in which you regularly contribute. This solidarity fund protects your niyyah (intention) to pay the regular contributions over the term of the programme. In the event of your death (God Forbid), all Takaful benefits at that date, are paid to your beneficiary(ies) or heirs.

In essence the programme provides you with an excellent Shari'ah Compliant alternative to conventional life assurance and removes the need to compromise and helps you save for the following purposes:

1. Children's Education and Marriage
2. Retirement
3. Future purchase of your own home
4. Other Savings purposes

Features

• Open to anyone between the age of 18 and 60
• Currency of Programme - AED
• Minimum monthly contribution - From as little as AED 1,000 and multiples of AED 100 thereafter
• Flexible period - Minimum of 10 years and can be up to a maximum tenor till age of participant reaches 70 at maturity
• Monthly, quarterly, semi-annual or annual contributions...you decide
• Increase or decrease your contributions when you want***
• Boost your savings at any time, with additional lump sum payments***
• Partial withdrawals allowed at anytime before maturity***
• Deferral of contributions for up to 12 months***
• Appoint up to four beneficiaries (option to alter them throughout the term of the programme)
• No one is refused Takaful Benefits

 

Benefits

• Easy availability and speed of approval - online application process completed by a friendly ADCB consultant at the branch and immediate issuance of certificate
• No medical examination required**
• Open and transparent procedures and Programmes
• Annual Takaful Solidarity Fund surpluses are re-distributed amongst all active participants, proportionate to their contribution. (As an addition to their savings strategies).
• First four 'Savings Strategy' alterations (Investment Switches) free of charge
• Surrender the programme or encash your savings anytime without additional surrender penalty

 

 

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