Let’s help you commenceyour journey to Hajj!
Hit a fundamental Islamic milestone and act of worship (Ibadah) with the Hajj Savings Plan from Alternative Finance.
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.
“…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)
What are the features of the
Hajj Savings Plan?
The plan can be set up and maintained for yourself or a beneficiary 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.
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?
Hajj Year
Tenor (Weekly)
Tenor (Monthly)
Estimated Hajj Expenditure
Weekly Contribution
Monthly Contribution
2019
52
12
1,960,000
33,267
145,453
2020
104
24
2,075,268
17,588
76,558
2021
156
36
2,181,472
12,320
53,546
2022
208
48
2,274,768
9,633
41,836
2023
260
60
2,368,000
8,021
34,820
2024
312
72
2,470,641
6,973
30,263
2025
364
84
2,557,221
6,186
26,841
2026
416
96
2,646,746
5,602
24,303
2027
468
108
2,715,600
5,109
22,161
2028
520
120
2,781,185
4,709
20,424
