Amana Bank Limited, the first fully Sharia Compliant bank in Tanzania, is proud to introduce the Hajj Savings Account, the first ever in the Islamic banking market in the country.
Hajj is the fifth pillar of Islam, therefore, it is an obligation on all who are capable to fulfill that at least once in a lifetime. The Hajj Savings Account will assist our customers to plan their journeys and commit themselves knowing that their money is in safe hands with Amana Bank.
Dr Idris Rashidi, Managing Director of Amana Bank, was quoted saying, “The Hajj Savings Account is a special account that will enable our customers to save money for the Hajj, one of the fundamental pillars of Islam. Our customers can now plan and decide when to travel to Mecca as it is every Muslim’s obligation to fulfill at least once in a lifetime. Amana Bank will continue to come up with new products as well as enhance the Hajj Savings Account for the benefit of our customers.”
How do I start saving?
Amana Bank has come up with an innovative way to meet that goal. The starting point is that you have to decide when you want to go for the Hajj and determine how much it is likely to cost. Then you decide how much you want to save from your income every month. You need to discipline yourself never to touch the money or even to think about it as if it is part of income that is available for you to spend.
How much do I need to save?
Amana Bank has introduced this product to provide comfort, convenience and a chance to pilgrims so that they can perform Hajj with a peace of mind whichever year they choose to go. This year’s Hajj will take place in the first week of November and you have to set yourself a goal that is realistic. Let us assume that you want to go this year, therefore, you have to save from February to October which is 9 months. Assuming that it will cost you say $4000, that means you will need to save $ 445 per month. If you plan to go in 2013, the monthly savings can be lesser but you have to take into account the general increase in prices.
What benefits do I get from Amana Bank?
Amana Bank Hajj Savings Account offers our customers an ideal investment plan and high profit returns. Customers will also enjoy benefits such as Hajj Year SMS alerts, pre – travel Hajj seminars with prominent scholars in the country, free electronic bank statements, free cash transfers within the bank and no monthly withdrawal fees. Account holders will only be allowed to withdraw once a year, that is when they are ready to go on Hajj.
What if I have already been to Hajj?
If you have already gone on Hajj, you will always wish that some of your family members will have the chance to undertake this important journey. Have you ever thought of saving for your children to go on Hajj at some point in future? Amana Bank has introduced this new product, Hajj Savings Account for the benefit of our customers. One can save as little as $50 per month depending on the age of your children and estimated costs. Like everything else, if you have the correct intention, InshaAllah, you will be surprised how easily you can fulfill your dreams.
How do I get to know more about the Hajj Savings Account?
Customers should call in at any one of our branchesto learn more about our riba-free savings account as well as many other products on offer.
With Amana Bank, you are on the right path.