• Monday, May 27, 2024
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Hajj Commission, JAIZ Bank launch savings scheme in Abuja

Royal Exchange Plc, Nigeria’s premier insurance and financial services group, has announced its results for the 2019 financial year, posting a

The National Hajj Commission of Nigeria ( NAHCON) in collaboration with JAIZ Bank launched the much awaited Hajj Savings Scheme to reduce the cost of Hajj and make seamless preparation towards Hajj.

The Hajj Savings Scheme which is patterned after the Malaysian Tabung Hajj is an effort at self-sustaining and funding of the Commission offering Muslims opportunity to save for the journey of a life time.

The scheme which is a semi- contributory is meant to improve the social and economic wellbeing of the Muslims in particular and Nigerians in general.

While declaring the Scheme open, the Chairman/CEO of NAHCON, Zikrullah Hassan commended the foresight of the founding fathers and the preceding boards for their unflinching commitment and dedication to build financial independence for the Commission.

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“Today, we are launching the decade old innovative scheme which has been in the pipeline even before the establishment of the National Hajj Commission of Nigeria (NAHCON). The launching of the Bank-led option is designed to fast-track and press forward the implementation of the scheme.

“In other words, the events of today is, but just a stop-gap to secure the Central Bank of Nigeria ( CBN) license to operate the scheme as a full fledge business entity”, Hassan said.

In his remarks, the Minister of FCT, Muhammad Bello, praised NAHCON, for bringing the Scheme into reality, saying: “I must therefore commend the current management of NAHCON for its determination to see that the Scheme is up and running to meet the objectives for which it has been established through its partnership with JAIZ Bank.

“I hereby call on intending pilgrims from the FCT to take advantage of the provisions of the Hajj Savings Scheme to save up and experience a stress-free pilgrimage.

“The FCT Muslim Pilgrims Welfare Board will continue to work very closely with NAHCON and we pledge to continue to key into and take advantage of the various forward looking policies for the benefit of our intending pilgrims”.