Insurance Programs (Takaful)

“Sakha’a” Retirement Plan 

An ideal sharia compliant saving and protection plan made for those who want to achieve future financial targets through savings for a period of time determined by them; resulting in burden free, convenience financing. Family will able get the investment return in addition to the full protection amount at the maturity of the contract in case of death or physical disabilities (May God Forbid).

Monthly subscription amount starts from a minimum of 300 SAR

  • Insurance coverage starts from 30,000 SAR to maximum 450,000 SAR
  • Possibility of withdrawing cash amounts from the investment account in case of need, during the contract term 
  • Possibility of granting the contract’s benefits to a specified beneficiary

“Hassad” Higher Education Plan

An ideal sharia compliant saving and protection plan that allows those who want to have enough funds for their children’s university education during the contract period. Family will able to get the investment return in addition to the full protection amount at the maturity of the contract.

  • Monthly subscription amount starts from a minimum of 300 SAR
  • Exempt your children/family from paying the remaining subscription amounts in case of death or total disability of the policy holder god forbids
  • Possibility of increasing the policy’s investment balance through the option of additional payment

“Mabrook” Marriage plan

An ideal sharia compliant saving and protection plan for those who plan ahead for their childrens marriage. Family will able to get the investment return in addition to the full protection amount at the maturity of the contract. 

  • Monthly subscription amount starts from a minimum of 300 SAR
  • Exempt your children/family from paying the remaining subscription amounts in case of death or total disability of the policy holder god forbids
  • Possibility of increasing the policy’s investment balance through the option of additional payment
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Bank AlJazira, A Saudi Joint Stock Company, Fully paid capital SAR 8,200,000,000, Commercial Registration No: 4030010523, Head office: Jeddah – Saudi Arabia, P.O. Box 6277
Jeddah 21442, Telephone: +966 12 609 8888 – Fax +966 12 609 8881, National Address: Bank AlJazira - King Abdulaziz Road – Al Nahda Building No. 7845–Zip code 23523
Additional No. 2359 – Unit No. 1), Website: www.baj.com.sa, Bank AlJazira is under the supervision of Saudi Central Bank