Introduction of Alfalah Hajj/Umrah Savings Plan
At Alfalah Investments, we recognize the importance that Hajj and Umrah hold for Muslims and understand that many Muslims aspire to undertake these spiritual journeys. However, the financial preparation required for these pilgrimages can often be overwhelming, and we believe that no one should compromise on their religious commitments due to financial constraints. As part of our ongoing mission to create value and convenience for our clients, we’ve taken the initiative to address this challenge with the launch of the Hajj & Umrah Savings Plan.
The Hajj & Umrah Savings Fund reflects our commitment to bringing innovative and client-centric solutions at the core of everything we do, combining the principles of Shariah-compliant investing with modern financial planning tools. We aim to simplify the process of saving for these essential journeys, so our investors can focus on their spiritual preparation with peace of mind.
About The Fund
This fund is crafted to support individuals in saving and growing their money according to Islamic principles, ensuring that every investment is Shariah-compliant. By investing in a diversified portfolio of Shariah-compliant assets, such as stocks, sukuk (Islamic bonds), and other approved financial instruments, the fund aims to deliver competitive returns over time.
Supervised by qualified Shariah Advisors, the Hajj & Umrah Savings Fund is structured to offer a balanced mix of Islamic income and equity-related investments, giving you the peace of mind that your savings are in complete alignment with Islamic values. With a focus on long-term growth, the fund helps you gradually build the wealth needed to perform these sacred pilgrimages, ensuring your financial readiness when the time comes.
Features
- Shariah Compliant Growth of your Savings
- Plan is for both Salaried & Self-employed Individuals
- No Penalty on Early Withdrawals
- Monthly Statement & SMS Information Service
- No Back-End Load
- No restriction of payment frequency
- Investors can contribute to their Hajj plans using their Raast ID
