Takaful

OVERVIEW 
Take a step in confidence in making your dreams of buying your own house, renovating it or buying land a reality with the HNB Mortgage Reducing Takaful Insurance cover. Especially designed for those who wish to pursue these options on a diminishing Musharaka from a bank or financial institution, the cover offers a helping hand in ensuring your financial commitments are met on time. In the event you are unable to meet the commitments, the cover will also ensure that your family will be well taken care of in terms of the financial implications. 

THE BENEFITS INCLUDE: 

• Balance Diminishing Musharaka amount will be settled in the event of death or permanent disability of the participant who obtained the Diminishing Musharaka. 
• Joint Diminishing Musharaka also can be accommodated. 
• Cover can be obtained with a single contribution. 

WHY IS THIS UNIQUE? 

• Minimum documentation. 
• Efficient service. 
• Speedy claim settlement. 
• Service from dedicated Takaful unit. 
• The policies are issued and serviced in compliance with sharia principles under the strict supervision of HNBA sharia council. 
• Very competitive contribution rates. 

More information on this insurance can be obtained from the nearest HNB Assurance Branch or calling Assurance Line 1301.

Refer to the insurance policy document for benefits, exclusions, terms & conditions*