Islami Bank offers structured savings schemes for Hajj and Umrah

Islami Bank Bangladesh PLC offers the Mudaraba Hajj Savings Account and Mudaraba Umrah Savings Scheme to help individuals plan and save for performing Hajj and Umrah through systematic financial preparation.

These schemes allow customers to prepare in advance to meet various pilgrimage-related expenses such as visa processing, airfare, accommodation, meals, and other associated costs.

The Mudaraba Hajj Savings Account is available for a tenure ranging from one to twenty-five years, enabling depositors to align savings with their financial capacity and long-term plans. Monthly installment amounts can be set based on the chosen tenure. The account offers competitive profit rates under the Mudaraba system. If a customer wishes to perform Hajj before the maturity period, they may do so by paying the remaining amount required for that year's expenses in addition to their accumulated savings.

For Umrah, individuals can save through monthly installments over a term ranging from one to twelve years. Any Bangladeshi citizen aged 18 years or older can open an account in their name, while legal guardians may also open accounts on behalf of minors. Profit is offered on these savings under the same Mudaraba system.

Accounts can be opened at any branch, sub-branch, or agent outlet of Islami Bank. Required documents include two attested passport-sized photographs (one of the account holders and one of the nominees) and a copy of the National ID card or passport. Customers can also open accounts digitally through Islami Bank's CellFin app.

To make installment payments convenient, customers may set up "special instructions" to automatically transfer funds from their primary savings account to the Hajj or Umrah account. Installments can also be paid via CellFin or i-Banking.

These savings products are designed to help customers fulfil their spiritual goals with financial ease and structured planning.