Amanah Umbrella Fund

Product Overview

Amanah Insurance Retirement Scheme,Provides valuable benefit for you and your family to ensure planning for future and support during old age and sunset years. The assets of the Retirement schema are held separately from the Employer in a trust fund, Significant safeguards have been put in place to ensure that the assets of the Scheme are Kept secure.

Benefits to Employers
Benefits to Employees
Membership Eligibility

To join the Fund the Employer needs to ensure that:

  1. The organization is registered by the State Law Office & the  Kenya Revenue Authority
  2. They sign a Deed of Adherence
  3. They are engaged in a business or trade that provide goods and services that are in line with Islamic Principles
  4. Membership is compulsory for eligible employees


Employees need to ensure that they are:

  1. Permanent & pensionable
  2. Above age 1 8 and below retirement age

The Fund operates as a Defined Contributions (DC) Scheme with the employee contributing a percentage of his/her basic salary into the fund and the employer adding onto it with an equal, less than or higher percentage.

Contributions will be remitted to the custodian via a Standing Order, Debit Order, Electronic Funds Transfer (EFT), Cash Deposit or Cheque by the 10th day of the following month to which the contributions relate.

NOTE: All contribution payments should be addressed to the

Benefits Payment

Member benefits can be claimed under any of the following

  • Early retirement or on normal or late retirement age
  • If a member resigns, is terminated or retrenched from the employer’s service
  • On permanent emigration to another country with no intention of coming back to Kenya
  • If a member dies while still a member of the Scheme
  • Medical Retirement if a member suffers from a long-term medical condition and cannot carry out the duties in line with his/her job.
Seraphinite AcceleratorBannerText_Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.