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Al - Barakah HAJJ & Umrah Savings Account

Overview

The account is an ideal savings account to save for the purpose of performing the Holy Pilgrimage. Umrah & Hajj.

 Underlying Contract is Qardh.

 Account can be opened and operated in TZS/USD/EURO/GBP

 Minimum opening balance is TZS 10,000 or USD/EURO/GBP 100

 No withdrawal fees

 No maintenance fees

 Shariah Compliant i.e. funds are not channeled into impermissible activities. No service charges

 No Card is issued.

 Not connected Sim Banking or Internet Banking

 Twice free withdrawal a year. Additional withdrawal, normal withdraw charges will apply.

 Funds invested in Shariah-compliant business activities

 Kids under the age 18 are allowed under supervision of the parent/guardian.

 Any Legal ID (NIDA ID or Number/Voter ID/Passport/Driving License)

 Low risk individual customers and customers using NIDA ID are not supposed to provide introduction letter from VEO/WEO

 When opening accounts through Savvy Flow, customer should provide 2 Passport size photos

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