PROPOSED PRODUCT OFFER FROM THE B ANK

Truly Halal and Absolutely Riba-Free!

The Riba-Free Hajj Savings Account is designed specifically for customers who intend to perform the Hajj. The Union Trust Bank will help them realise their lifetime dream of performing the Hajj in the most convenient manner, making it easy and affordable. The Hajj savings account will grow through halal earnings from your savings.

Benefits

• High interest  will be earned on deposits maintained in Hajj accounts
• Travel insurance will be provided against valid passport/travel documents, ticket and visa
• The customer receives a hamper package containing a Hajj Guide, a travel pouch, and a jammarat bag
• The Bank assists the customer realise their intention/dream
• It is a no age limit scheme that is easy and affordable
• No minimum opening balance

Features

• Accounts Interests will be donated to a Muslim charitable organisation
• No interest will be earned if funds are invested for less than six months
• Restricted withdrawals
• Statements are half yearly
• Type of account – individual, joint account, partnership and companies
• Profit will accrue monthly and will be disbursed to the respective accounts on maturity on pro-rata basis
• It is designed to help hajj pilgrims save and realise their religious obligation by performing the Hajj while earning a halal income on your investment

Requirements

• No minimum opening balance
• Copy of National ID/Passport/Alien Certificate/Valid certificate of entry
• Two passport size photographs
• Introduction letter from a person operating a valid account or copy of latest utility bill/proof of residence
  

For more information contact customer service in any of our branches. You can also send us email from our contact web page (contact page)