Advertisement
Categories: NewsPakistan

JazzCash Unveils Salaam Investments: Democratizing Shariah-Compliant Returns for Millions

Advertisement

JazzCash, in collaboration with Salaam Family Takaful Limited, has introduced Salaam Investments, a Shariah-compliant investment solution enabling its 13 million monthly active app users to invest and earn profits.

This collaboration offers JazzCash customers a seamless way to build their finances through Shariah-based investment portfolios. Users can easily set financial goals, receive daily profit disbursements on their investments, and withdraw funds whenever needed. Salaam Investments also prioritizes user security by providing accidental insurance coverage, which is activated upon achieving 20% of their investment goal. The app features transparent profit displays during goal setting, ensuring a user-friendly and trustworthy experience.

Murtaza Ali, President of JazzCash said, “Pakistan is at a pivotal moment in its journey toward greater financial inclusion. With Salaam Investments, we aim to create opportunities for individuals to invest in ways that align with their values while contributing to their financial well-being. Investments are a powerful tool for reducing poverty—they provide individuals with the means to manage economic shocks, invest in their futures, and improve their quality of life. This initiative reflects our commitment to empowering underserved communities through accessible and transparent financial solutions.”

As part of JazzCash’s broader mission to advance financial inclusion, this initiative complements other offerings aimed at making wealth management accessible to students, freelancers, women entrepreneurs, and others traditionally excluded from formal financial systems. JazzCash has also recently partnered with KTrade to provide its app users access to stock trading. KTrade, set to integrate as a mini-app, will allow users to open a Sahulat brokerage account with funding up to PKR 1 million. Additionally, JazzCash enables its customers to invest in mutual funds through partner banks within the app.

Advertisement
Mazhar Ali Raza

Mazhar Ali Raza is a senior journalist from Karachi. He has served more than twenty years in journalism. He was recently associated with the dunya media group as a senior business reporter from the last eleven years . Prior to that he has worked for CNBC for the period of four years. His major beats were the energy auto banking and agriculture sector . He has covered many seminars and exhibitions in Pakistan and abroad as well .

Recent Posts

Tax Changes Reset Pakistan’s Hybrid SUV Pricing as Chery Pushes Aggressive Value Play

KARACHI: Pakistan’s hybrid and plug-in hybrid vehicle market is entering a sharper phase of price…

24 hours ago

AKUH Receives Third Consecutive International Platinum Award for Heart Attack Care

The Aga Khan University Hospital (AKUH) has received its third consecutive Platinum Performance Achievement Award…

2 days ago

Bank Alfalah and WWF-Pakistan Mark Pakistan’s Independence Day with Alfa Forest Mangrove Plantation Drive

To commemorate Pakistan's Independence Day, Bank Alfalah, one of Pakistan's leading commercial banks, partnered with…

1 week ago

foodpanda Collaborates with itel Pakistan to Enhance Rider Connectivity and Digital Access

In a shared commitment to digital inclusion and rider welfare, foodpanda has signed a Memorandum…

1 week ago

OICCI members invest US$23bn in Pakistan, outpacing decade-long net FDI

Leading foreign investors continue to demonstrate strong confidence in Pakistan's economic potential, with OICCI member…

1 week ago

Broadway Pizza adds 82nd outlet, eyes further growth

Broadway Pizza has opened its 82nd branch on the main road near Hadiabad Society, adjacent…

1 week ago