HLTM Takaful launches capital protection investment-linked scheme
Jan 13th, 2009 by 1takaful
Source: The Star, 13th January 2009
Hong Leong Tokio Marine Takaful (HLTM Takaful) Bhd had on Tuesday launched its capital protection investment-linked scheme.
The Alpha Crescent Investment Plan was a three-year shariah-compliant 100% capital-protected investment-linked plan.
It is based on the concept of murabahah and wa’ad where the potential investment returns at maturity were referenced against the performance of the Alpha Crescent Index.
HLTM Takaful, which is managing the plan, said it would be distributed by Hong Leong Bank Bhd.
On the Alpha Crescent Index, it was derived from a “buy low, sell high” strategy from the performances of top 100 pre-selected shariah complaint stocks.
“The investment plan is 100% capital protected if held to maturity, creating a win-win situation for all parties,” said HLTM Takaful chief executive officer Ab Latiff Abu Bakar.
He said investors could expect good returns if the strategy performed, while protecting their capital if the strategy did not perform.
Initial investment would be from as low as RM10,000 up to a maximum of RM2mil per investor.
The plan also provided attractive participation rate and there was no exit fees should the customer opt to exit early after making profits, he said.
Ab Latiff added the protection element in the plan was the provision of insurance coverage of up to 125% takaful protection on the investment amount.