Barclays/Barclaycard

Savings Plans

Savings made easy

We have a range of plans to suit your needs

Savings Plans

Key facts

Saving was never this easy. Savings plans help you plan ahead, whether for retirement or for your child’s education. You also gain access to international mutual funds, offering you the benefits of diversification and capital growth. 

Income Builder Plan
 
Income builder plan (IBP) is a regular savings plan which will help you achieve your future financial goals. At the outset of the policy, you decide the length of your contribution period which can be between 5 to 21 years for Education and Saving Plan and the Retirement Age start from age 45 to 70 years. During this accumulation phase, contributions are invested in such a way that benefits are guaranteed. In case IBP achieves higher than expected returns, a bonus could also be declared which is credited to your plan.

At maturity of the plan, you will receive the guaranteed targeted amount plus any bonuses as a lump sum. This product is underwritten by MetLife ALICO.
 

Idikhar, Maash and Iqra
 
Idikhar, Maash and Iqra are Shari’ah Compliant savings plans which aim to build an investment fund at the end of the Plan term. These plans also pay out an agreed sum during the selected term of the plan if the Covered Member passes away or suffers from any optional benefits chosen such as accidental death, permanent and total disability, critical illness or terminal illness. Idikhar/ Maash/ Iqra also come with an encashment benefit wherein the Plan could be partially or fully withdrawn at any time.

These plans can be owned by an individual or a corporate entity. This product is provided by SALAMA - Islamic Arab Insurance Company.
 

Momayaz
 
Momayaz is a Shari’ah Compliant single contribution investment plan with the aim of increasing the value of the invested lump sum. Momayaz comes with a host of options including flexibility to choose the funds in accordance with risk appetite, partial or full withdrawal at anytime, regular partial withdrawals etc. Momayaz comes with a Family Takaful benefit of 101% of invested amount in case the covered member passes away.

Momayaz can be owned by an individual or a corporate entity. This product is provided by SALAMA- Islamic Arab Insurance Company. 

 
Apply now

Call - +971 (0) 4 428 6080

Visit us - Barclays Bank Branches

 

Important Information

Insurance products are subject to exclusions, special terms and conditions and medical underwriting requirements (as applicable) contained in the policy document. Insurance products are optional and underwritten by insurers, subject to terms and conditions of each policy. Barclays Bank PLC, UAE (the Bank) does not offer insurance advice nor underwrite or issue insurance policies. 

The Bank is not responsible for rejection of any application/claim. The Bank provides support to customers by receiving payments from the customer and forwarding them to the insurer, in addition to making such insurance products available to the customers as an intermediary. Policies can be cancelled at anytime subject to policy terms and conditions. 

The Bank does not provide legal and/or tax advice and the Bank is not responsible for advising on the laws pertaining to any transaction. The foregoing does not constitute the making of any offer or invitation to subscribe for insurance products nor does it amount to solicitation by the Bank or any of its affiliates. In addition to the terms and conditions of the insurer under each policy, the Bank terms and conditions apply and are subject to change without prior notice. Any commission due on this arrangement will be paid by the insurer to the Bank and will not be deducted by the Bank from the contributions received from you. The Insurer assumes full responsibility for the contents of insurance products mentioned above. 

The information mentioned above is for reference only and is not a contract of insurance. Please refer to policy document for details of contract and the guaranteed benefit. Interest bonus is declared by the insurance company and is not guaranteed.
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