Setup hassle free provident fund for your team
Empower your employees with financial security through a provident fund. Show your commitment to their well-being and attract and retain top talent by providing this valuable benefit.
Setup Provident fund and offer hassle free welfare benefit to your employees
Empower your team with financial security through a voluntary pension scheme. Show your commitment to their well-being and attract and retain top talent by providing this valuable benefit.
Benefits for employers
Both employees and employers equally contribute to the Provident Fund, ensuring a fair and balanced savings plan that is cost-effective for employers.
Provident Fund is fully compliant with Islamic Shariah law, ensuring that it meets all employees' ethical and religious requirements.
Offering Provident Fund can make your company more attractive to potential employees and help retain your current employees, demonstrating your commitment to their long-term financial well-being.
Benefits for employees
The Provident Fund doubles the investment through a combined contribution from both the employee and employer, ensuring significant growth in savings over time.
Employees can save for their retirement and old age through the Provident Fund, offering a long-term, risk-free investment option.
The Provident Fund provides employees with the opportunity to save for the long term in a secure and risk-free manner.
Get the best retirement plan for your team
How it works
A long-term savings plan for employees. A savings account where a certain percentage of an employee’s salary is set aside each month and the employer matches the same contribution every month. This money accumulates over the years and when the employee retires or leaves the organisation, they receive a lump sum amount.
- Contribution can be between 4 - 10% of basic salary. Employer and Employee contribute equally through deduction from each month's salary
- Capital protection through investing in Shariah Compliant Fund
- Withdrawal is based on employer approval
Important Features of the Provident Fund
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Individual Investment Account for Every Employee:
Each employee has a dedicated investment account within the Provident Fund, The Provident Fund is administered through a user-friendly portal, allowing employees to easily manage their accounts -
Employer Control over Withdrawal:
Employers have complete control over the withdrawal of funds from the Provident Fund, ensuring the integrity and stability of the fund. -
Capital Protection:
The Provident Fund offers capital protection, making it a risk-free investment option for employees. -
Free Life Insurance:
Employees enrolled in the Provident Fund are provided with free life insurance, ensuring financial security for their families in case of an unfortunate event. -
Managed by Licensed Takaful Partner:
The Provident Fund is managed by a licensed Takaful partner, ensuring that it adheres to the highest standards of governance and transparency.
Employee financial protection for life
Provident Fund is an excellent option for corporations, SMEs, and entrepreneurs who wish to offer additional remuneration benefits to their valued employees. By providing a reliable and structured retirement savings plan, employers can demonstrate their commitment to their employees’ financial well-being, which can lead to increased employee satisfaction and retention.
We help our clients not only in implementing & managing the provident fund, but we help them get the best return on investment by selecting the best shariah complaint low-risk fund with a licensed takaful company, ensuring capital protection and the best returns.