|Name||Mudaraba Hajj Deposit Scheme|
5 years, 8 years, 10 years, 15 years and 20 years.
An adult person having sound mind can open one account only, in his/her single name with any of the branches of the bank. The tenure of Mudaraba Hajj Deposit Scheme will be 5, 8, 10, 15 and 20 years. The client may choose any tenure and deposit the prescribed monthly installment to perform Hajj in the predetermined year. The client will deposit amount as per installment size prescribed for the year in which the client desires to perform the Hajj. If any client desires to perform Hajj before his predetermined year, the client will deposit rest of the amount of Hajj expense fixed for that particular year considering the installment amount already deposited by the client.
There will be 12 installments in a year and accordingly 60 installments for 5 years, 120 installments for 10 years and 240 installments for 20 years. No cheque book will be issued to the client as the deposited amount of Mudaraba Hajj Deposit Scheme is not chequeable.