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Mudaraba Hajj Deposit Scheme (Hajj):
 
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Haj, one of the five pillars of Islam, is compulsory for all those who can afford such a pilgrimage. No single event in the life of a Muslim is more spiritually uplifting and rewarding than to embark on the journey of Haj.

Union Bank Ltd has introduced a Monthly installment based Hajj Deposit for the middle class pious Muslims. This scheme is designed in such a way that people who desires to perform the Holy Hajj after a certain period can save & get an attractive lump sum amount at the end of deposit period which is nearer to the expenditure to perform the Holy Hajj.

 
 
         
 
Key Features:
     
 
*
An adult person having sound mind can open one account only, in his/her single name with any of the branches of the bank.
   
         
 
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The client may choose any tenure and deposit the prescribed monthly installment to perform Hajj in the predetermined year.
   
 
   
 
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Profit against balance of Hajj Deposit Scheme will be credited on daily product basis and it will bear 1.10 profit weightage.
   
 
   
 
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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.
   
 
   
 
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No cheque book will be issued to the client as the deposited amount of Hajj Deposit Scheme is not chequeable.
   
 
   
 
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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.
   
 
   
 
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The client is required to deposit the installment amount on or before 10th day of each month.
   
 
   
 
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If the total deposited amount along with profit given by the bank becomes higher than Hajj expense determined by the respective authority for that particular year, the additional amount will be given to the client. On the other hand, the depositor must bear the additional amount if Hajj expense determined by the respective authority for that particular year becomes higher than the total deposited amount along with profit given by the bank.
   
 
   
 
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Incase of death of the client, profit against deposited amount will be allowed to the nominee(s) at the provisional rate of profit prescribed for Mudaraba Savings Deposit.
   
 
   
 
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If the client fails to deposit 03 (three) consecutive installments, the account will be considered as cancelled and profit against balance of deposited amount will be allowed at the provisional rate of profit prescribed for Mudaraba Savings Deposit. If the client fails to deposit two consecutive installments, the account will remain operative. But the recurrence of same instances twice a year or separately 05 (five) times in the selected tenure will lead the Bank to cancel the account.
   
         
 
Mudaraba Hajj Deposit Scheme Hajj    
 
     
 
Who can apply
     
 
Any Bangladeshi citizen, 18 years or over    
 
     
 
     
 
     
 
Required Documents
     
 
1 or 2 copy Photograph of applicant.    
 
     
 
1 copy photograph of nominee duly attested by Applicant    
 
     
 
NID/Passport/Any other valid photo identify of applicant    
 
     
 
NID/Passport/Any other Valid photo identify of nominee (if any)    
 
     
 
TIN Certificate of applicant ( if any )    
 
     
 
Documents Related with sources of fund ( if any)    
         
         
 
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