Shariah Compliant arrangement to provide a vehicle for financial protection and accumulation of savings

Low and middle income class employees of small and medium size companies wishing to save money through salary deductions.


You may decide your regular Contributions subject to minimum amount. These will be used to purchase investment Units in our managed SHARIAH funds of your choice; Income Fund, Balanced Fund or Aggressive Fund.
You will have access to your funds including any profits which can be redeemed either through partial withdrawal, surrender, in the event of claim, or survival at maturity.The fund value may fluctuate based on underlying asset performance and is not guaranteed.


The Waqf provides financial compensation in case of DEATH in consideration of your Tabarru’ (donation) to the Waqf fund, based on compensation desired.
You can enhance the benefit by attaching optional riders subject to additional payment of Tabarru’.


View basic features and descriptions below:

Entry Age 18 – 60 years.
Minimum Contribution
Monthly PKR 1,000/-
Quarterly PKR 3,000/-
Semi Annual PKR 4,000/-
Annually PKR 5,000/-
Maximum Contribution No Limit.
Term of Contribution 10 to 30 years.
Maturity Age At the expiry of Term or at age 70 years, whichever earlier.
Minimum Number 10 members of same organization.
Minimum Sum Cover 5 x Annual Contribution or PKR 100,000/, which ever is higher-
Maximum Sum Cover Cover Multiple x Annual Contribution. (Subject to underwriting).
Benefits on Death Sum Cover.
Investment Account Value
Benefits at Maturity Net PIA value accumulated at Maturity.
Surplus from the Waqf Fund, if any.
Free Look Period Certificate can be cancelled within fourteen (14) days of issuance and refund of Contribution subject to deduction of medical fees.
Top Up Contribution Additional investment into the PIA is allowed at any time.
The Units shall be allocated at the prevailing offer price.
Ownership Payer i.e.employee if contribution paid by employee, otherwise employer through assignment.
Continutation of Certificate after Cessation of employment Term may be changed to usual Salamti plan features with minimum monthly amount of contribution RS: 7,500/-
Fund Management Fee 1.50% per annum of PIA Fund Value.
Partial Withdrawal (from PIA) Partial withdrawal can be made at any time.
Minimum withdrawal at least PKR 10,000.
Minimum balance at least PKR 30,000 or 20% of pre-withdrawal value whichever is higher.
Withdrawal fee PKR 300/-
Surrender of Certificate Surrender can be made at any time.
The balance in PIA, if any, shall be payable.
Surplus from Waqf, if any, shall be payable.
Indexation (Optional) Sum Cover can be increased annually by 5% to 10%. This option must be exercised at inception.
Supplementary Riders
Accidental Death benefit (ADB).
Accidental Death & Disablement Benefit (ADDB).
Critical Illness (CI).
Funeral Expense Benefit (FEB).
Total Permanent Disablement (TPD)
Family Income Benefit (FIB).
Family Protection Benefit (FPB).
Waiver Of Contribution (WOC).
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