Insurance Solutions

Takaful Saving Plan

You wish to provide the best for your loved ones as you progress through life. However, with the passage of time your responsibilities and financial commitments will grow and providing a secure financial future for your family shall become more challenging. This makes the need for prudent financial planning absolutely essential.  Faysal Bank Limited (the “Bank”) in collaboration with Pak-Qatar Family Takaful Limited, offers you Faysal aikFaisla Takaful Saving Plan. 

A Bancatakaful (Islamic Bancassurance) plan that allows you to save and invest in a Shariah compliant (Islamic) manner while enjoying a significant level of family takaful coverage. You can now safeguard the future of your loved ones!

Key Benefits

  • Secure your long-term financial goals; such as children’s education, marriage, retirement planning and personal travel
  • Significant level of family Takaful coverage
  • Regular contributions invested in a diversified portfolio of Islamic funds ranging from Sukkuks to Mutual Funds
  • Flexible plan which allows you to save on a regular basis, while having a choice to select an investment mechanism that suits your risk appetite
  • Lump sum payment upon maturity
  • Management of your investments by professional fund managers

Product Features 

All regular contributions paid during the tenure of the plan are used to ensure the following benefits:

Death Benefit

Faysal aikFaisla Takaful Saving Plan comes with built-in basic Takaful Benefit that allows the beneficiaries to receive funds in case of death of the Participant (Policy Holder) during the tenure of the plan. The beneficiaries are paid the higher of:

Sum Assured (Annual Contribution x Policy Term
Cash Value (Value of total invested contributions at the time)

Maturity Benefit

At maturity, Participant (Policy Holder) will receive the cash value in his/her investment account.

Allocation of Investment

In Faysal aikFaisla Takaful Saving Plan you have the following investment strategies to choose from:

Growth – Involves Investment in selected Islamic stock portfolio, Sukkuk (bonds) and Mutual Funds (Suitable for customers with a high risk appetite seeking a higher return on their Investments)

Conservative – Involves investment in Islamic deposits. (Suitable for customers with a medium risk appetite seeking a competitive return on their investments)

Free Look Period

A free look period of 14 days is offered by Pak Qatar Family Takaful Limited during which you can review your policy terms and conditions and cancel the policy if needed. Your premium will be refunded on receipt of a written request within 14 days from the date of the receipt of the policy document. Please note that Pak Qatar Family Takaful Limited reserves the right to deduct the expenses incurred on medical examination.

Frequently Asked Questions

What is Takaful?

Takaful, which means ‘guaranteeing each other’, observes the rules and regulations of Islamic Law (Shari’ah). Faysal aikFaisla Takaful Saving Plan has been developed in line with Shariah (Islamic) principles.
As a Takaful policy holder, you may be eligible to receive a share of any declared surplus from the participants Takaful Fund. Distribution of the surplus is in accordance to the company’s Surplus Policy as approved by its Shari’ah Supervisory Board.

What is Surplus Sharing?

Surplus sharing is a key concept in Takaful and differentiates Takaful from conventional insurance. In case of any surplus in the Individual Family Takaful Participants Fund, the excess funds are distributed among the participants in proportion of their net contribution to the fund. This surplus amount is given to the policy holder in the shape of additional units being added to his/her investment account.

Am I eligible for the plan?

This plan is available to all Bank customers from 18 to 60 years of age. Since it is a long-term investment & Takaful product, the minimum duration of the plan is 10 years.

How does the Faysal aikFaisla Takaful Saving Plan work?

The plan requires regular contribution payments on a monthly, quarterly, semi-annual or annual basis. All payments are automatically deducted from your account.

Is there a minimum or maximum contribution limit? 

The minimum annual contribution under this plan is Rs. 56,000. There are no maximum limits.

What if I have any questions or concerns? 

In case of any queries you can feel free to get in touch with us at [email protected]  or call our helpline 111 06 06 06. You may also contact your nearest branch.

What is the process for claims? 

For all claim related matters, please contact Pak-Qatar Family Takaful Limited on (021)-34311747-56 or get in touch with your Relationship Manager.

Will I have access to my savings? 

Yes, you are allowed to withdraw funds from your investment account, subject to a positive cash value of your investments. This however, is not recommended as it may adversely affect the maturity value of the policy.

What documents do I need to avail Faysal aikFaisla Takaful Saving Plan?

You only need to submit your CNIC copy.

For Takaful Savings Plan Brochure:

Sample Illustration

Customer Age: 35 years
Policy Term: 25 Years
Contribution: PKR 100,000 annually

Cash Value (PKR)

Term (in years)








Cash Value (PKR)

Term (in years)








Cash Value (PKR)

Term (in years)










  • The cash values given in the sample illustration are estimated based on assumptions.
  • The actual values may be higher or lower than the ones shown above, depending upon the performance of the underlying investments.
  • The cash values have been worked out at assumed investment growth rates of 7%, 9% and 11% per annum.
  • Certain charges apply on the policy; please refer to the personalized illustration of benefits for details.
  • A description of how the contract works is given in the Participant’s Membership Document (PMD). This brochure gives a general outline of the product. The above figures are indicative and for illustration purposes only.
  • Service charges and taxes will be applicable as per the Bank’s schedule of charges or Taxation laws as stipulated by the relevant authorities.
  • Past performance of the fund is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of the future or likely performance of the fund.
  • This product is underwritten by Pak-Qatar Family Takaful Limited.
  • This product is not guaranteed or insured by the Bank or its affiliates and is not a Bank’s product. The Bank is only acting as an Agent in providing this facility and cannot be held responsible for settling claims emanating from this Scheme or for the approval or rejection of any claim or for any act or omission on the part of the Insurer.
  • Pak-Qatar Family Takaful Limited is registered & supervised by Securities and Exchange Commission of Pakistan.


* Final Value would depend on the system based medical assessment

In case of further queries please feel free to email us at [email protected]