Haji Saving Account

Hajj Saving Account

To Mecca through Hajj Account  

Hajj is an annual religious pilgrimage made to the holy city of Mecca, Saudi Arabia. It is mandatory for physically able Muslims to perform Hajj at least once in a lifetime if they have the financial capacity. This saving account gives holders an option to save and prepare for the pilgrimage.


Product Features and Benefits

  • Minimum initial deposit amount: ETB 25
  • Depositors shall be expected to sign and confirm the sources of their deposits are from permissible business activities in the account opening form;
  • The Bank will provide a passbook uniquely designed for this account;
  • The account can be opened by couples provided they present a valid marriage certificate. Clients can also open an account for their children with a ‘for’ denomination followed by their sibling’s name;
  • The time period will be unlimited. However, an arrangement can be made for those who wish to deposit regularly for a fixed period of time, i.e., an arrangement of 1 to 3 years for Umra and 1 to 5 years for Hajj travelers;
  • Facilitation of foreign currency the pilgrim wants to spend abroad but the provision will be based on availability. The amount may be determined based on the elapsed time period the money has been deposited in the Bank, i.e., the more the time the money has stayed at the Bank the more the foreign currency to be approved;
  • Providing well-designed giveaway materials like passport holder and money bag to be used whilst the pilgrim is performing the journey;
  • Chance to participate in a yearly Hajj orientation program hosted by the Bank’s Sharia Advisory Committee at the time of Hajj;
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