Al-Ameen Islamic Children Savings Plan*
*formerly 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 halal, easy 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 many 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 Al-Ameen Islamic Children Savings Plan can help
Al-Ameen Islamic Children Savings Plan (AICSP) [formerly UBL Islamic Children Savings Plan (UICSP)] 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 the free Family 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
Al-Ameen Islamic Children Savings Plan (AICSP) [formerly UBL Islamic Children Savings Plan (UICSP)] is managed by UBL Fund Managers. All investments in the plan are made strictly in Shariah-compliant instruments under the supervision of a Shariah Advisory Board which comprises of renowned Islamic scholars Mufti Muhammad Hassan Kaleem and Mufti Najeeb Khan.
Disclaimer: The investors are advised in their own interest to carefully read the contents of Supplementary Offering Document (SOD) of Al-Ameen Islamic Children Savings Plan (AICSP) [formerly UBL Islamic Children Savings Plan (UICSP)], in particular the risk factors and disclaimers mentioned in the document before making any decision. All investments in Plans and underlying CIS/Funds are subject to market risks. The value of investments may depreciate as well as appreciate subject to market fluctuations and risks inherent in all such investments. The clients are not offered any guaranteed/fixed returns.