Let’s help you commenceyour journey to Hajj!


Hajj as the 5th pillar of Islam is a fundamental act of worship (Ibadah) and Muslims desire to fulfil this obligation as quickly as possible during their lifetime especially while physically agile.

We at Alternative Finance believe that the Hajj Savings Plan will make it easier for desiring Muslims to fulfil this major religious milestone.

With the Hajj Savings Plan, you can choose the year you want to perform Hajj and your plan for contribution – weekly or monthly.

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Fill this short form, and we will contact you right away.

Who is eligible?

Anyone 18-years or older can commence this
plan for themselves or others.

What document(s) do I need?

  • Duly filled Application Form – Download
  • Account Opening Package – Download

“…And the pilgrimage is a duty that mankind owes to Allah, for
those who can afford the expenses (for one’s conveyance,
provision and residence…)” Q3:97

“Hasten towards performing the Hajj, for each one of you does
not know what may (later) engage him” (Ahmad: 1/314)

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What are the features of the

Hajj Savings Plan?


The plan can be set up and maintained for yourself or on behalf of a beneficiary who would be the intending pilgrim e.g. parents, spouse, children etc.

In general, withdrawals are not encouraged on this plan however, in case of an emergency, withdrawals from the plan can be made on a case-by-case basis.

Deposits for the plan are received based on Mudaraba (profit sharing) principle.

Hajj Savings Plan covers Hajj Fare and personal travel allowance.

If at the end of the savings period, the total Hajj savings plus accrued profit is less or more than the actual expenditure for Hajj in the year, a makeup or refund will be done by or to you respectively.


What do you enjoy from

Hajj Savings Plan?


2.

You enjoy life takaful cover up to N500,000.

3.

You could enjoy early payment for Hajj in the year you are scheduled to perform Hajj.

4.

You receive a Hajj Saver’s welcome pack upon commencement of the Hajj Savings Plan.

5.

You will receive Hajj gift Pack when performing Hajj.


What are the tenors and

contribution plans?


Term/Year
Hajj Year
Tenor (Weekly)
Tenor (Monthly)
Estimated Hajj Expenditure
Weekly Contribution
Monthly Contribution
1
2019
52
12
1,960,000
33,267
145,453
2
2020
104
24
2,075,268
17,588
76,558
3
2021
156
36
2,181,472
12,320
53,546
4
2022
208
48
2,274,768
9,633
41,836
5
2023
260
60
2,368,000
8,021
34,820
6
2024
312
72
2,470,641
6,973
30,263
7
2025
364
84
2,557,221
6,186
26,841
8
2026
416
96
2,646,746
5,602
24,303
9
2027
468
108
2,715,600
5,109
22,161
10
2028
520
120
2,781,185
4,709
20,424