Business Education Trending Now

‘Taleem by Alfalah Investments’: A Savings Strategy for Children’s Higher Education

KARACHI: Alfalah Investments launched their latest education-centric savings strategy “Taleem by Alfalah Investments” in Karachi, accompanied by a special screening of Disney’s latest children’s animated fantasy movie, ‘Dumbo’.

The objective of the strategy is to aid young parents in the planning of their children’s future through regular investments, no matter how small, and help them to be able to fund higher education.

The new product offers flexible regular savings instalments where customers can deposit savings over a number of years for accumulation with Alfalah Investments mutual funds and benefit from the compounding effect over the years till the child reaches 18 years of age. The investment period lasts between five to fifteen years, and as and when certain investment amounts are crossed, both children and parents are rewarded via incentives, giveaways and financial advice in order to achieve their financial goals. Free life insurance cover, free gifts on account opening and no bars on holding periods are all a part of the plan. The scheme is open to all income groups and can be started with as little as Rs. 500.

Speaking at the launch event, CEO of Alfalah Investments, Maheen Rahman said, “A great amount of market research and planning has been done before we were able to come with this plan. The core essence of this was to be able to cater to the needs of customers who are at a stage where they should be planning for their child’s future in a manner which is convenient, safe and simultaneously does not impose a financial burden on them”.

The launch of this product is a part of Alfalah Investment’s long-term vision of providing customised investment solutions to their esteemed customers and to partner with them to plan various aspects of their financial future meticulously.

Dear TNT Reader,

At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.

Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.

But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.

Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.

Monthly Subscription Annual Subscription

Visa Card MasterCard American Express Card

We want to hear your Travel Stories.

Do you have a memorable, unbelievable, or favorite travel experience? Share your story with us.