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Sometimes we want our income to serve multiple purposes for us. That is why we offer “Momayaz”, a Sharia-compliant single contribution Takaful plan from SALAMA. It will make your money work better for you by providing Takaful coverage as well as an opportunity to invest your savings in Sharia compliant funds. The best part about this single contribution plan is that there is no obligation of future payments, which means that now you can sit back and relax. 

Plan BenefitSingle contribution
Minimum Age at Entry18 years
Maximum Age at Entry70 years
Maximum Age at Maturity85 years
Family Takaful CoverLump sum payment in the event of death of the Covered Member during the Plan Term
Maturity Benefit Fund Value will be paid out
Contribution payment frequencySingle contribution with a minimum contribution of AED 100,000 or USD equivalent. Additional contributions can be paid anytime subject to a minimum contribution of AED 50,000 or USD equivalent
Plan CurrencyPlan is available in AED and USD
Free Look Period14 days from the Issue Date
Scope of CoverWorldwide
  • Application Form fully completed and signed by the Covered Member
  • Valid Illustration signed by the Covered Member, Plan Holder
  • Passport Copy with valid Visa page and copy of valid Emirates ID card (front & back side)
  • Proof of payment and future funding method
  • Medical and financial underwriting requirements will be taken on case to case basis
  • CBD customers with valid UAE/GCC residence visa or holding UAE nationality are eligible to apply
  • Age at entry: between 18 and 70 years

In case of a claim, the beneficiary may call or write to SALAMA. Address:

Family Takaful, P.O. Box 10214, Dubai, United Arab Emirates
Tel No: + 971 4 407 9999
Fax No: + 971 4 357 7007

SALAMA will release the appropriate claim form and required documentation after initial assessment/verification of the claim notification.

You will be given 14 days’ time from issuance date to reconsider your decision. There will be no encashment fees during this free look period. However, you will receive your Fund value (whether it is higher or lower than your initial contribution amount).
Yes, the Plan is fully portable and can move around with you. You can continue paying your plan contributions where ever you are through Telegraphic Transfer into SALAMA’s account quoting the complete Plan number in the narration. You will have to intimate SALAMA with the swift copy of the transfer.
You will get your Fund Value on maturity of plan.
No. Optional covers are not available with this plan.
In the event of death of the covered member during the term of the plan, a lump sum benefit is paid out to the beneficiaries. In case the beneficiary is not defined, the claim proceeds will be settled by Sharia court where the legal heirs can petition the claim.
You can pay your contribution through your CBD credit card or direct debit from your CBD Account.
You are eligible to receive 101% of single contribution amount or Fund Value, whichever is higher.
 AED 500,000 maximum for participants age at entry less than 60 years.
 AED 150,000 maximum for participants age at entry 60 years and above.
It is a single contribution plan (with a minimum one time contribution of AED 100,000 or USD equivalent). Additional Contribution can be paid subject to a minimum of AED 50,000 or USD equivalent.
CBD customers with valid UAE/GCC residence visa or holding UAE nationality, falling within the prescribed age limits are eligible to participate in the plan.
It is a single contribution plan that provides investment opportunity along with Family Takaful benefit.


This Product is offered by SALAMA – Islamic Arab Insurance Company for CBD Customers and is subject to underwriting approvals. Terms and Conditions of the Takaful plan shall apply. The Takaful cover shall only start after the issuance of plan by SALAMA – Islamic Arab Insurance Company. Details presented are for your information only. CBD is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Product / Covers being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the client taking the Takaful cover or beneficiaries or any others. Proceeds of Plan’s investments in Fund(s)/ Strategy(ies) are not guaranteed and SALAMA/CBD bear no responsibility for the performance of Fund(s)/ Strategy(ies) selected.

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Outside UAE: +971 600 527 223

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