Salama (Islamic Arab Insurance Company) Review - Halal Finance Products

Three Shariah-compliant savings plans built on funds from global asset managers. Momayaz is a single-contribution investment plan for investors with existing savings of AED 100,000 or more, offering funds across sectors, geographies and asset classes. Idikhar Plus is a fixed-term regular savings plan from AED 500 per month for at least 5 years, with bonuses from day one. Idikhar Plus Secure raises the minimum to AED 1,000 per month over at least 5 years and adds security features. All three publish downloadable brochures and terms. Salama positions the plans for defined goals: children's education, marriage or early retirement, with fund switching and encashment forms available through its service desk.

Two-track medical takaful. The Essential Benefits Plan (EBP) is the Dubai-regulated basic tier: AED 150,000 annual limit, basic healthcare within Dubai with emergency treatment across the UAE, chronic and pre-existing conditions covered after a 6-month wait, 20% co-insurance on basic inpatient care capped at AED 500 per encounter and AED 1,000 per year, and medicines up to AED 1,500 annually with 30% co-insurance. Individual plans scale up to worldwide coverage with annual limits from AED 150,000 to AED 1 million, direct billing across 4,000 UAE providers, deductible and co-insurance options, routine dental, alternative medicine, emergency mental health, children's vaccinations and chronic condition cover. Maternity benefits (pre-natal and post-natal care, miscarriage, delivery and complications) are covered, and claims run through Neuron, NextCare, MedNet and Nas administrator networks.

Home contents takaful in four published tiers: Bronze covers contents up to AED 50,000, Silver up to AED 100,000, Gold up to AED 200,000 and Diamond up to AED 500,000. Covers include accidental damage to contents for specified perils, lock and key replacement after accidental damage, contents temporarily removed from the home, fatal injury cover for the policyholder and spouse against fire and intruder assault, loss of rent and alternative accommodation after an accident, occupiers' personal liability, tenants' liability (useful for protecting rental deposits), and valuable personal belongings including clothing, jewellery and specified items. Typical perils include fire, lightning, windstorm, theft, vandalism and certain water damage.

Two-tier car takaful from the UAE's oldest takaful operator. Comprehensive covers own loss or damage (collision, fire, burglary, external explosion, self-ignition, lightning, theft, third-party malicious acts) plus third party liability, with personal accident benefit for driver and passengers built in, repairs through an A-grade garage network, and free extras: off-road assistance, vehicle recovery, battery boost and a car registration service. Third Party Liability is the mandatory minimum covering death or bodily injury to third parties and third-party property damage. Policies can be bought up to 30 days before their start date to lock in price ahead of registration renewal, and breakdown assistance runs on 800-725262. Agency repair (manufacturer workshop) or non-agency repair at Salama-authorized garages is defined at purchase.

Four-plan family takaful range. Hemayati Plus is instant term assurance with no medical examination and a no-claim bonus: a guaranteed maturity value of up to 100% of total paid contributions if no claims are made. Hemaya Plus is tailored term assurance priced on health and lifestyle, with the option to cover both spouses on a single policy and optional riders. Hyat Superior is the comprehensive whole-of-life plan where participants choose the Shariah funds their contributions are invested into plus a range of coverage options. Hyat Secure adds contribution protection to the same whole-of-life chassis. Optional covers across the range include critical illness and disability riders, with hospital cash benefit, critical illness and death benefit claim forms published. Salama states it pays 100% of valid claims, declining only for non-disclosure of existing health conditions or false claims, backed by large global retakaful partners.

Travel takaful with four geographical options: Europe (all European countries including the Schengen area), Worldwide (all countries except country of residence), Worldwide-1 (worldwide excluding USA and Canada, priced lower), and a dedicated Hajj & Umrah protection plan for travel to Saudi Arabia. Benefits span medical and emergency assistance, personal assistance services, losses and delays (including baggage), personal accident and civil liability. Salama recommends purchase as soon as a trip is booked so cancellation protection starts early. Claims and policy documents (booklet and application form) are published on the page.