MITRA TA'AWUN PEMBIAYAAN

Settling debts to protect both Debtor and Creditor.

"Verily the faithful person is that provides safety and protection to the assets and life of the people." (Hadist narrated by Ibnu Majah)

Do you need a loan for business capital, to purchase the house of your dreams or a new car? Make sure that the settlement is secured, whatever fate may decree.

Combination of Private and Social Missions
Mitra Ta'awun Pembiayaan is a Syariah based group insurance program designed to assist the creditor and to protect their debtors, by settling loans in the case of early death.

Flexible

1. The insurance period is in accordance with the schedule of loan installments, up to a maximum of 240 (two hundred forty) months.
2. The member has the right to determine the insurance benefit according to the financing.

Benefit
If the Debtor settles the loan before the maturity date, the part of insurance premium will be returned according to the calculation of the rest of insurance period.

Affordable Contribution
The Contribution Payment is made by single payment at the beginning of the insurance program.

Types of Protection

1. Fixed Benefit Ta'awun. If the insured passes away during the insurance period, the compensation paid will equal the initial Benefit.
2. Proportional Declining Benefit Ta'awun. If the insured passes away during the insurance period, the compensation paid will equal the amount of the remaining finance principal, declining proportionally, and the insurance period will expire.
3. Multiple Declining Benefit Ta'awun. If the insured passes away during the insurance period, the compensation paid will equal the remaining financing principal, declining on a multiple basis.

Eligibility
You are eligible to join Mitra Ta'awun Pembiayaan if you are 21 years of age or older.

Contact the nearest AJB Bumiputera 1912 Syariah Office for further information.

 

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