Al Islami Muthmir*

The distinctive investment plan for a protected financial future

At Dubai Islamic Bank, we strive to enhance the way you bank with us by constantly bringing you new, innovative, world class products. Al Islami Muthmir is the latest addition to our range of Sharia-compliant Investment products and has been especially created to provide you a financially protected future.

Creating Wealth with Flexibility:

Creating and managing an investment portfolio can be difficult, even for experienced investors. Maximizing the potential of your investments is essential. Getting the most from them can be complex and time consuming. Those looking for protection, simplicity and choice need not look further than Al Islami Muthmir, the distinctive investment plan.

Al Islami Muthmir is a medium to long-term Investment Plan designed to accept a Single Contribution that allows you to invest in a wide range of Sharia-compliant Investment Funds. You will have access to professional fund management on terms normally reserved only for large investors.

Al Islami Muthmir Features & Benefits:

It is a Single Contribution Investment Plan
It has no fixed term but the Plan must end on the Plan Anniversary prior to the 85th birthday of the Covered Member. You can invest for as long as you like, however, you should aim to keep your investment for at least 5 years
It provides you a selection of the funds that suit your investment needs and risk appetite
You can partially or fully withdraw your investment at any time
You can receive regular payments through automatic withdrawals (depending on the performance of the Personal Investment Account)
The Plan will end if it is encashed for its full encashment value or if we pay out the Family Takaful Cover or on the Plan Anniversary prior to the 85th birthday of the Covered Member
The following are the minimum and maximum admissible age(s)/term(s) for the Plan:#Minimum age at start of Plan - 18 years#Maximum age at start of Plan - 70 years#Maximum age at Maturity of Plan- 85 years
The Plan has a built-in Family Takaful Cover providing a lump sum payment if the Covered Member passes away. This is equivalent to 101% of the Single Contribution amount or the Fund Value, if greater. This cover is provided irrespective of the health status of the client, that is, no health questionnaire or medical evidence is requested
For participants with age at entry less than 60 years the maximum sum at risk (Family Takaful Benefit less Fund Value) shall be AED 500,000, whereas for participants with age at entry 60 years or higher this limit shall be AED 150,000
You have the option to cancel your Plan within 14 days from the Plan issue date. You will receive your Single Contribution, after adjustment of any fluctuations in the value of the investment(s) at the time of the cancellation

Investment Options:

We have negotiated special arrangements for you to access top performing funds on terms not normally available to individual investors
Your Plan may invest in a wide range of managed and specialist Funds
You may select the Fund or Funds of your choice based on your risk appetite
Switching between existing Funds may be done at any time free of charge however SALAMA reserves the right to apply a Fund switch charge in the future
You may choose Automatic Fund Re-balancing to maintain fund allocation levels

Contributions:

Initial Contribution:

Minimum Contribution: AED 100,000 or USD 30,000
Maximum Contribution: No limit

Additional Contribution:

Minimum Contribution: AED 50,000 or USD 15,000
Maximum Contribution: No limit

Allocation Rate 100% of the Single Contribution

Loyalty Bonus:

After the first 5 years of issuance of the Plan, Loyalty Bonus of 30 basis points (0.3%) per annum of the Fund Value is allocated to each Plan. The Loyalty Bonus rate is enhanced to 50 basis points (0.5%) per annum after first 10 years of issuance of the Plan. The Bonus is credited to the Personal Investment Account (PIA) of the Plan Holder on a monthly basis.

Encashment:

The Value of your Plan at any time is the number of Units multiplied by the Price of the Units. You have the facility to make partial withdrawals, free of charge, or encash your entire Plan as detailed below.

Partial Encashment - You have the option to en-cash any amount, free of charge, as long as your remaining fund is above the minimum required balance currently equivalent to twice the Encashment Deduction, subject to a minimum balance of AED 50,000 (or USD equivalent).
Full Encashment - On full encashment of the plan an Encashment Deduction is applicable (see table below)

During Year	Encashment Deduction (as a % of the Initial Single Contribution)
1	7.5%
2	5%
3	3%
4	1%
5+	Nil

The Encashment Value of your Plan is equal to the Fund Value less any Encashment Deduction.

Regular Withdrawals:

You can choose the frequency of your regular withdrawals. This can be monthly, quarterly, semi-annual or annual. Withdrawals are taken from the Personal Investment Account. Any withdrawal will reduce the value of your Plan and protection benefits.

Fees and Charges:

Establishment Charge (as a % of the Plan Contribution):

Year(s) 1 to 3 – 2% per annum
Year 4 – 1% per annum
Year 5 onwards – NIL

Annual Plan fee of AED 375
Management Fee of 0.0417% per month of the Fund Value, is charged by means of deducting Units from the Personal Investment Account using the Unit Price
Takaful Donation (Tabarru') and Wakalah Fee: Charged on a monthly basis by means of deducting Units from the Personal Investment Account. Takaful Donation is the cost of the protection benefit and will depend on the Age and Gender of the Covered Member, amount of Benefit and Plan term

Wakalah Model:

This Plan is designed using a Wakalah Model as a basis for operating the Tabarru' Fund and the Personal Investment Account (PIA). SALAMA acts as an agent (Wakeel) for the Plan Holders. The role of SALAMA is to manage the Tabarru' Fund in return for a fee. Contributions paid by Plan Holders are invested in a chosen Fund or recorded in their PIA. All the fees, charges and Takaful Donation (Tabarru') are deducted from the PIA using the Unit Price. Your donation (Tabarru'), which is taken monthly from the PIA by Unit deduction, is credited to the Tabarru' Fund. The function of the Tabarru' Fund is to provide protection benefits to Plan Holders or their beneficiaries when a covered event arises. On a yearly basis, any Surplus (any amount left in the Tabarru' Fund after payment of claims and expenses to manage the Tabarru' Fund) may be distributed to Plan Holders and credited to the PIA as additional Units.

How to Apply:

Just walk in to any Wajaha Centre or an Al Islami Private Banking Centre or select branches of Dubai Islamic Bank and meet one of our Relationship Managers. They will explain how best to invest, answer all your queries, help you choose the right plan and assist you in completing the application form requirements.

Risk Factor:

The Plan carries the following risks:

The Fund Values, the Encashment Values and the Growth Rates shown are for illustrative purpose only. They are not a guarantee of future performance
The value of your Plan or any income from it is not guaranteed. It depends on the investment performance and the currency exchange rates of the Investment Funds. Unit values may rise as well as fall and you may not get back the sum you have invested
Your Plan may invest in a range of Investment Funds which carry different levels of risk. Selecting the Investment Fund or the level of risk associated is purely your decision. No written or verbal communication from anyone representingSALAMA and Dubai Islamic Bank constitutes financial advice
If, upon your request, your Plan is cancelled within the Free Look Period you may not get back the full amount you have paid
SALAMA may not pay out a benefit if the information provided by you in the Application Form or any other written statement or Declaration is not correct or complete
SALAMA will not pay out a benefit if the event covered is contributed to or caused by one of the exclusions specified in the Plan
SALAMA will not pay a claim if the proof required about the events resulting in the claim is not received or if there is no title to Benefit.

Claims & Further Details:

If you need to make a claim, please contact us. We will send a claim form to be completed and returned to us. SALAMA may ask you to provide them with certificates or other evidence as required.

Please contact your Dubai Islamic Bank Relationship Manager or
Call on +971 4 6092222, 24 Hours a day for further details.
You may also contact SALAMA on
800 - 725262 (24 hours, 7 days a week) or write to
P. O. Box 10214, Dubai, United Arab Emirates
E-mail: family.takaful@salama.ae

Important Note: This leaflet contains only general information. It does not constitute an offer to buy or sell a product or services, nor is it intended to provide any Takaful or financial advice. Any person interested in Al Islami Muthmir, should secure a personalized illustration of benefits and read the terms & conditions for this specific product, prior to making a decision.

*Disclaimer: Dubai Islamic Bank PJSC ("Bank") ,being a distributor of SALAMA–Islamic Arab Insurance Company P.S.C ("SALAMA") Products, makes no representations or warranties either expressed or implied and to the fullest extent permitted by law disclaims, at all times, all liability and responsibilities arising out of, relating to and/or in connection with (including but not limited to) the quality, delivery date, merchantability, prices of SALAMA Products, actions and/or decisions of SALAMA, Plan Terms and Conditions, Takaful Plans, payments payable there under and/or any services provided there under.

Capitalized terms when used in the brochure shall have the meaning ascribed to them in the Plan Terms and Conditions.

Terms & Conditions apply.