The Takaful Hibah Trust is a legal arrangement that involves the ownership of a Client’s (also known as Settlor) Takaful policies within a trust, aligned with Shariah principles. The primary purpose is to manage and distribute Takaful proceeds to beneficiaries in alignment with your wishes.
Takaful Hibah Trust
Provide enhanced protection for your loved ones by ensuring the distribution of your Takaful proceeds aligns with your preferences
How does a Takaful Hibah Trust work?
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| Step 1: Trust Creation with Maybank Trustees Berhad (MTB) | Step 2: Settlor transfers Takaful policies to MTB | Step 3: Distribution of Takaful proceeds to Settlor’s beneficiaries as per Trust Deed |
Why is it important to have a Takaful Hibah Trust?
- Ensure proper education, medical care, and living expenses for yourself or for your identified beneficiaries in the face of unforeseen events.
- Facilitate charitable giving by specifying how the Takaful proceeds are to be distributed to your chosen charitable organisations upon your passing.
Have an inquiry?
📞 03-2177 5960
✉ mtb.bd@maybank.com
at the nearest branch