Al-Arafah Islami Bank Ltd.

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Al-Arafah Islami Bank Limited has introduced a Monthly installment based Hajj Deposit for the middle class pious Muslims. In this scheme, your sacred wish for pilgrimage will be fulfilled with relatively smaller monthly deposits. One can open only one Hajj account in his/her name which will be operated by the rules of Mudaraba. One can prepare for the Hajj within one to twenty years and accordingly he/she can select the amount of monthly installment from the following chart. The main attraction of the scheme is the profit based on daily stay of your deposit. In fact it holds 0.06 more weightage than a 3 years deposit.

In the year 2012 the estimated expenditure for Hajj is Tk.2,55,500/- and for the upcoming years it has been gradually incremented in the rate of 5%.

• A variety of maturity period and installment size will give you the option to make it your own affordable scheme.
• If the depositor wants to go for Hajj before maturity period, he/she can amend the residual amount with the deposit and fulfill his/her holy wish.

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