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AlAhli Takaful programs have been designed to offer SNB clients Shariah compliant financial protection and savings benefit.

Method of Achieving Protection Benefit

Client’s monthly subscriptions in AlAhli Takaful settles fees, protection benefit and investment. The protection benefit activates in the event of death (God forbid) to settle the financial benefit as a single lump sum payment or payment of future monthly subscriptions.

Subscription Age

Individuals between the age of 18 to 65 are able to subscribe in the programs and the benefits can be payable up to the age of 70 years old as a maximum. 

Protection Benefit

The design of the programs is to provide the policy’s beneficiary with a financial benefit in the event of the policy holder’s death (God forbid). In the event that the policy reaches maturity without occurrence, the cash value of investments become payable to the policy holder or policy’s beneficiary. 

Financial Benefit

  • AlAhli Retirement Program; five annual salaries (maximum)
  • AlAhli Education Program; payment of all remaining payments till maturity
  • AlAhli Marriage Program; payment of all remaining payments till maturity ​

Investment Funds

AlAhli Takaful provides the choice of investment between three diversified mutual funds offered by AlAhli Capital:

  • AlAhli Multi-Asset Conservative Fund
  • AlAhli Multi-Asset Moderate Fund
  • AlAhli Multi-Asset Growth Fund

Amend Investment Strategy

The policy holder may change investment to any of the provided Investment funds.


AlAhli Takaful Company adds an incentive of 2% to the monthly subscription starting from the eleventh year of the policy.

Partial Redemption

Clients may partially redeem the cash value of the invested portion, a minimum of 1,000 Saudi Riyals. Additionally the remaining invested amount in the fund must exceed 1,000 Saudi Riyals. 

Suspend Subscription

In the event of unforeseen circumstances, the policy holder may suspend payment of monthly transactions for a maximum of 12 months. The policy holder may then reactive the policy by submitting a request to proceed with payments.

Non Payment

In the event of delays in payment of monthly subscriptions, the program collects due fees from the cash value of investments. The cash value must equal or exceed the value of fees and protection benefit.

Cancellation of Policy

The policy holder is provided a grace period of 21 days in which they may cancel the policy with no financial obligations.

Subscription Amount

The minimum monthly subscription in any of AlAhli programs is 400 Saudi Riyals.​​

​​Fees of AlAhli Takaful Programs​

​Entrance Fees​SAR 592.50
​Acquisition Fees​2% of total subscriptions (maximum of 15 years)
​Mortality Fees​Fee is calculated based on age and other variables of client
​Administration Fees​SAR 35 or 0.075% of investment amount, whichever is higher
​Saudi Central Bank Fees​0.5% of total subscription

​Investment Administration Fees

1.00% AlAhli Multi-Asset Conservative Fund

1.25% AlAhli Multi-Asset Moderate Fund

1.50% AlAhli Multi-Asset Growth Fund​

​Other Fees

​0.03% AlAhli Multi-Asset Conservative Fund

0.05% AlAhli Multi-Asset Moderate Fund

0.09% AlAhli Multi-Asset Growth Fund​

Cancellation Fees (from Investment Value)

​1st Year 18% + SAR 275

2nd Year 15% + SAR 275

3rd Year 12% + SAR 275 

4th Year onward SAR 275 (fixed)​​

For more information please visit any of The Saudi National Bank branches or contact us through:

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Frequently Asked QuestionsFrequently Asked Questions

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  • Will this program take all of my needs into consideration?

    - Yes, because the program is so flexible it can adapt to the unique needs of each individual.

  • Do I need to have a medical check-up to participate in the program?

    Initially, in most instances you will only be required to  answer a few standard medical questions that will determine your qualification for the Protection Benefits applied for. For those Participants with special medical conditions, or those who apply for higher amounts of Protection Benefits, a standard medical checkup may be required.​​

  • How can I participate?

    Visit one of our specialized branches where you will find an AlAhli program specialist who is highly qualified to assess your needs and assist you to determine the program that best suits your personal requirements and future objectives. The subscription procedure will be done promptly and you will have peace of mind knowing that your aspirations are protected through an innovative and Shariah compliant financial solution.