• You can choose any duration of your Awqaf Plan to best suit your objectives in supporting your favorite charity, from 5 up to 48 years.
• It provides you with an easy, regular contribution mechanism to assist you in accumulating funds towards a Sadaqa Jariah for the charity of your choice.
• You can contribute any amount that best suits your financial circumstances, from SR 100 upwards (or in US dollars, if you prefer)
• You can select an investment strategy, that Bank Aljazria will execute on your behalf, to grow the funds contributed over the duration of your Awqaf Plan.
• If you decide to stop paying into your Awqaf Plan at any time, the funds available will be transferred to the charity you have chosen and your Awqaf Plan will be terminated.
• Your Awqaf Plan is professionally managed by experts at Bank Aljazira.

• On your death (God Forbid), the charity of your choice will receive the contract proceeds consisting of the funds in your account plus the amount of protection built into the Awqaf Plan.
• On maturity of your Awqaf Plan, your designated charity will receive the funds accumulated in your account as a donation.
• Annual surplus if any from the Takaful Ta'awuni Account, will be returned to each participant on a pro-rata basis and credited to your Takaful Ta'awuni Awqaf Plan, subject to a wakala performance fee.

All of your contributions are invested in Shariah complaint investment funds or strategies. These funds are professionally managed and we are glad to advise you, through your Bank Aljazira Financial Consultant, to help decide on an investment strategy that best suits and fulfils your charitable goals.

You can choose from a number of equity and other investment funds offered by Bank Aljazira, which are managed by experts here in Saudi Arabia or abroad, under the full supervision of Bank Aljazira's permanent Shariah Advisory Committee. In addition, you may select an investment strategy from one of three different options to allocate your funds.

Takaful Ta'awuni is a system of mutual cooperation for financial assistance and risk protection based upon the Quranic principle of "Ta'awuni," or mutual assistance.

"Takaful" is a noun stemming from the Arabic verb "Kafala" meaning to guarantee.

"Takaful" means mutual help among a group, i.e. each member of the group pools resources and efforts to support the needy participants within the group. This help is how the fortunate may assist the unfortunate few.

As an Islamically acceptable alternative to conventional insurance, Takaful Ta'awuni enables every participant to create a pool of funds to donate to charity.

In this way, as a participant in a Takaful Ta'awuni Awqaf Plan, you can secure spiritual well-being in the knowledge that your regular contributions will in future be converted into a charitable donation on your behalf, without any involvement in conventional financial products, which often contain elements prohibited in Islam.

Mutual cooperation among tribal members in the Arabian peninsula was practiced 14 centuries ago. These practices were accepted and validated by Prophet Mohammed (P.B.U.H), and incorporated within the community of the first Islamic state.

In the constitution in Madina Al Munawara, organized by Prophet Mohammed (P.B.U.H), there were references directly to concepts of social insurance for the less fortunate. Taking these age-old social practices into consideration, the experts in the Takaful Ta'awuni Division of Bank Aljazira have designed an innovative program to achieve financial protection and Halal savings that fulfill a range of financial needs for today's Muslims

The shariah Committee of Bank Aljazira, over a period of 18 months, studied and reviewed the Takaful Ta'awuni Program, the various contracts, procedures and mechanism and made changes and adjustments to make the program fully compliant with Shariah rules. From time to time, the Shariah Committee through regular review will assure the compliance of the implementation of such plans to meet the rules and procedures issued by the Shariah Committee.