The Al-Ameen Islamic Haj Savings Plan (AIHSP) is a specialized investment plan designed to help individuals save for the religious obligations of Hajj or Umrah. Here are the key features and benefits of this plan:
Key Features
- Shariah-Compliant: Ensures all investments adhere to Islamic principles, avoiding interest-based earnings.
- Capital Accumulation: Helps build capital through investments in Shariah-compliant income and equity mutual funds.
- Free Takaful Coverage: Includes free Takaful (Islamic insurance) coverage, subject to terms and conditions.
- Competitive Returns: Offers a reasonable rate of Riba-free returns, making it a viable option for growing your savings.
- Flexible Investment Options: Minimum investment starts at Rs. 6,000, with subsequent investments also set at Rs. 6,000.
Investment Strategy
The AIHSP invests in a mix of the Al-Ameen Islamic Sovereign Fund (AISF) and the Al-Ameen Shariah Stock Fund (ASSF). This diversified approach aims to balance risk and return, providing a stable yet growth-oriented investment environment.
Ideal For
- Individuals planning to perform Hajj or Umrah
- Investors seeking Shariah-compliant investment options
- Those looking for a medium to long-term savings plan with moderate risk tolerance
How to Invest
Investing in the AIHSP is straightforward. You can submit the account opening form at your nearest investment center or call 0800-26336 for further assistance to start building your optimal portfolio, and beginning your investment journey. You can also start Systematic Investment Plan (SIP) which allows you to invest a fixed amount at regular intervals, typically monthly, which can help in building wealth over time through disciplined investing.
For more detailed information, you can visit the Al-Ameen Funds website.
