SAB Invest Employee Thrift Investment Plan is a comprehensive, Sharia-approved savings and investment solution designed to empower both employers and employees with real-time access to their investment portfolios. The plan offers flexibility and convenience, allowing participants to invest in a wide range of options, including both Sharia-compliant funds and conventional products.
With fully digital access and seamless tracking, the plan accommodates various risk preferences through customizable investment models—ranging from conservative to aggressive strategies. All services under the plan are approved by SAB Sharia Board.
Whether you’re looking to grow your wealth or offer your employees a robust financial wellness benefit, this plan provides an ideal blend of flexibility, transparency, and diversification—backed by SAB Invests trusted expertise.
Uploading and managing investment details is streamlined through an easy-to-use digital platform, making the entire experience efficient and accessible.
- Best In Class Portal: Offering the employer and the employees real-time access to the investment and all the services. With ring-fenced ETIP investing from personal investments
- Shariaa Compliant: The ETIP product is approved by SAB sharia board and it offers investing in both sharia funds and conventional products
- Professional Support: SAB invest team will support the employer with the setup of the program and the model selection through our asset management team.
- Flexible Models: We provide wide range of investment options to suit the needs for the different risk preferences and flexibility with the contributions.
- Less Admin Burden: The portal allows monthly upload for the employees details and contributions and provide dashboards to both employees and employers.
- Employee Control: Employees have more control over their retirement savings, including how much to contribute (within limits) and how to invest the funds.
- Transparency: Employees can easily see the balance of their retirement accounts and track investment performance
- Portability: Employees can typically take their retirement savings with them when they change jobs, rolling over funds into a new employer's plan or an individual retirement account
- Potential for Higher Returns: Employees can choose investments that align with their risk tolerance and financial goals, potentially leading to higher returns if investments perform well.
- Predictable Costs: Employers contribute a fixed amount (e.g., a percentage of salary or a matching contribution), making costs more predictable and easier to manage.
- No Long-Term Liability: Employers are not responsible for ensuring a specific level of retirement income, reducing long-term financial liabilities.
- Simpler Administration: Generally easier and less costly to administer compared to DB plans, which require complex actuarial calculations and regulatory compliance.
- Flexibility in Contributions: Employers can select the matching amount based on their financial situations.