The Oasis Crescent Pension Annuity is a living annuity purchased from Oasis Crescent Insurance Ltd., in the name of the Policyholder for the sole purpose of providing an annuity income after reaching retirement age. The Oasis Crescent Pension Annuity provides the Policyholder with the flexibility to receive a periodic income subject to regulatory parameters. The Policyholder is provided with an opportunity to select an income level which matches the income requirements of the Policyholder. 

The Product is managed in accordance with the guidelines that have been established by the independent Shari’ah Advisory Board of Oasis. These guidelines stipulate the exclusion of securities, whose primary business activities are non-permissible according to Shari’ah law, from the investment portfolios of the Oasis Crescent range of products. 

The Shari’ah Advisory Board has been appointed to advise Oasis on Shari’ah investment and ethical issues. In addition, this board is responsible for conducting an Independent analysis of the Oasis Crescent range of products and Investments as well as investment income to ensure that it is aligned with Shari’ah investment guidelines. Each year a certificate of compliance is issued by the Shari’ah Advisory Board for all of the Shari'ah compliant funds that Oasis manages. 

The Policy is an investment linked policy with no life cover.