UBL Islamic Children Savings Plan
This plan is designed for parents who wish to provide for their children’s higher education and marriage needs in a halal and affordable manner.
Provide your child with the best
Just as your child learns to walk by taking tiny steps, your child’s path to a bright future lies in the small steps you take now to provide them with the best education in the years to come.
Academic qualifications are seen as a stepping stone for a brighter future. It is no wonder that college and university fees top the list of priorities for most parents. With the escalating cost of college and university education in Pakistan and abroad, you need to start planning for your child’s higher education from an early age so you can meet these future expenses in time and with ease.
Plan early to secure your child’s future
The chart below shows the benefit of saving early for your child’s higher education needs. For example, if you were to invest Rs. 5,000 every month when your child is 3 years old, compared to investing 7 years later, when your child would be 10 years old, you would have made approximately Rs. 1,950,000 more if you started investing early. Hence the earlier you start planning, the more time you allow for your savings and investments to grow.
How UBL Children Savings Plan can help
UBL Children Savings Plan is designed especially for parents who want a helping hand when it comes to meeting their children’s future expenses – whether it is higher education or marriage. You can open an account for your child with a minimum amount of just Rs. 2,000 and continue to invest regular amounts until the time you will be requiring the money.
- You can decide the amount you wish to invest regularly (minimum: Rs. 2,000 per month)
- You can decide how often you wish to invest (monthly, quarterly, semi-annually or annually)
- You can decide the duration of the plan based on the current age of your child and the time when you will be requiring the money
- You can also benefit from built-in takaful coverage offered with the plan, ensuring that your child’s plan will continue to grow as planned even in the event of your disability
Managed as per Shariah Law
UBL Islamic Children Savings Plan is managed under UBL Funds Siraj – the Islamic Investments Division of UBL Fund Managers. All investments in the plan are made strictly in Shariah-compliant instruments under the supervision of a Shariah Advisory Board.