Choose a membership fund plan designed to help your loved ones cover your funeral expenses through an ethical and Shari’ah-compliant structure.
All Provision4Peace plans are based on a 70/30 ratio. The member contributes 70% of the chosen fund value into the membership fund. Provision4Peace aims to contribute the remaining 30% at the time of death.
The 70/30 structure is illustrative because fixed returns would not align with Shari’ah principles. The member is guaranteed to receive their initial 70% contribution. Funds are invested into 100% halal ventures. The primary goal is funeral cost support, not profit generation.
All plans have a two-year waiting period from receipt of final payment. If the member dies within two years, the family of the deceased member will receive the original (70%) paid into the membership fund; it is at the company’s discretion whether the 30% can be topped up.
| Feature | Basic | Standard | Comprehensive |
|---|---|---|---|
| Total Membership Value | £3,000 | £5,000 | £7,000 |
| Member Investment | £2,100 | £3,500 | £4,900 |
| Company Contribution | Up to £900 | Up to £1,500 | Up to £2,100 |
| Initial Payment | £500 | £1,000 | £1,500 |
| Monthly Payments | 8 × £200 | 10 × £250 | 17 × £200 |
| Review Period | Every 5 years | Every 5 years | Every 5 years |
| Waiting Period | 2 years | 2 years | 2 years |
If you are unsure which membership plan is suitable for you, Provision4Peace is happy to help. Get in touch with the team for guidance.
Provision4Peace Ltd (“the Company”) exists to support members and their families at the time of death. The Company’s objective is to assist in covering funeral and burial expenses by enabling members to contribute to a membership fund that is invested and paid out to a nominated beneficiary upon the member’s death.
The primary purpose of the membership is to cover funeral-related costs and not to provide guaranteed or profit-driven financial returns. The Company operates with guidance from an Advisory Team consisting of professionals with expertise in Islamic jurisprudence, law, finance, and retail.
Members contribute funds to a selected Membership Plan Fund. Seventy percent (70%) of the member’s contribution represents the member’s principal investment.
At the time of death, the Company aims to provide an additional amount of up to thirty percent (30%) as a top-up to assist with funeral expenses. This 70/30 ratio is provided as an illustrative example only. In accordance with Shari’ah principles, no fixed or guaranteed profit is promised.
The Company expects, but does not guarantee, that the top-up may be up to 30%, and it may be higher or lower depending on investment performance. Notwithstanding this, a member (or their nominee) is guaranteed to receive at least the original 70% of the member’s invested capital, subject to these Terms and Conditions.
The Company operates in accordance with the Islamic finance principle of Mudarabah, whereby member funds are invested to generate returns. Upon the member’s death, the invested capital and any generated profit are paid to the member’s nominated beneficiary to assist with funeral expenses.
All investments made by the Company shall be restricted to ventures deemed 100% halal. To ensure ongoing Shari’ah compliance, the Company maintains a Shari’ah advisor as part of its Advisory Team.
A two-year waiting period applies following the completion of a member’s final payment required to activate their membership. No investment returns will be offered until this waiting period has elapsed.
If a member dies within the two-year waiting period, the member’s nominee will receive a return of the original 70% invested capital. The payment of any additional return (up to the illustrative 30%) during this period shall be entirely at the discretion of the Company.
In the event that the Company has no active investments or insufficient liquidity at the time a payout becomes due, the Company has an arrangement with its sister company, New Vision Housing Ltd. Under this arrangement, New Vision Housing Ltd may provide a loan to the Company to enable payment to the member’s nominated beneficiary.
Any excess funds generated by the Company may be used to expand services that benefit the Muslim community in relation to funerals and burials. Such initiatives may include, but are not limited to, the purchase of a hearse for member use at no additional cost and the acquisition of land for use as a Muslim graveyard within the United Kingdom.
