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Haj Investment Scheme

Haj Investment Scheme

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A monthly savings scheme which allows investors the opportunity to save for Haj and earn a higher share of the profits than any other investment

Pilgrimage to Mecca (Haj) is one of the five pillars of Islam. No single event in the life of a Muslim is more spiritually uplifting and provides a more rewarding experience of Islam in action, than Haj.

Al Baraka Bank, in its quest to promote the Islamic Way of Life, provides you the opportunity that will assist you in fulfilling one of these five obligatory pillars of Islam. The Scheme is primarily designed to make it easier for you to save for Haj on a regular basis while earning a halaal income on your investments.

 

Benefits to members

Membership of the Scheme will be entitle you to benefits such as:

    * Useful gifts during Haj.
       
    * Eligibility to a sponsored Air Ticket Draw.
       
    * A higher share of the profits than paid out in other Al Baraka accounts.

Conditions

    * Both individuals and organisations may join and participate in the Scheme.
       
    * A minimum amount must be invested on a monthly basis.
       
    * Funds are accepted on a pre-agreed profit-sharing ratio.
       
    * No profits are payable or benefits available if funds are invested for less than 6 months.
       
    * Benefits will only be available to those who will proceeding with Haj.

Click here to contact us and find out more about investing with Al Baraka Bank.

Click here to download application forms

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Page last updated: 2009/06/08 | version: 4

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Albaraka Bank Ltd Reg No 1989/003295/06. Albaraka Bank Ltd subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. Albaraka Bank Ltd are an authorised financial services provider. Albaraka Bank Ltd is a registered credit provider in terms of the National Credit Act, 34 of 2005 (NCR Reg No NCRCP14).  An Authorised FSP No.: #4652