The Managing director, Jaiz Bank Plc, Mr. Hassan Usman yesterday declared the commitment of the non-interest commercial bank to transform hajj operations in Nigeria through the introduction of the new Hajj Savings scheme.
Besides, the Jaiz bank boss reminded that the new scheme will ease financial burden of intending pilgrims and enable hope of Muslims to perform pilgrimage in Saudi Arabia.
Mr. Hassan who spoke in Kano during the official launch of the savings scheme being anchored by Jaiz contended that the financial instrument would improve economic viability and make hajj affordable to less privilege.
He noted that Jaiz bank has signed MoU with National Hajj Commission of Nigeria (NAHCON) to serve as financial vendor for the new scheme while expressing commitment to deploy necessary manpower to actualize the dream.
President General, Nigeria Supreme Council of Islamic Affairs (NSCIA) and Sultan of Sokoto, His Eminence, Alhaji Muhammad Sa’ad Abubakar has appealed to Muslims faith to embrace the newly introduced Hajj Savings Scheme (HSS).
Alhaji Sa’ad who expressed confidence on the management of the scheme assured Muslims that Hajj deposits under the new Jaiz bank is credibly insured.
Represented by Emir of Bichi, Alhaji Nasiru Ado Bayero, the Eminence however canvassed for transparency and accountable in the handling of the scheme to gain public confidence.
Chairman of Hajj Commission, Barr. Zikrullah Kunle Hassan reminded the introduction of the savings was in line with section 7 (1) of the commission’s legal instrument which recommended the establishment of hajj savings scheme.
Barr. Zikrullah cited the significant benefits of the savings model which he declared would transform hajj system from manual to digital, job creation, improve Grows Domestic Products (GDP) and enabling ample opportunity to plan ahead.
” When we assumed the leadership of the commission, we promised to transform the Hajj practice in Nigeria with a commitment to reduce the high cost of fare. This is the beginning of the aspiration. The new savings scheme which we intend to operate concurrently with the pay as you go system, is a dream come true.
“We have sign a MoU with Jaiz Bank as financial manager to pilot the scheme. The new system is in line with global standard and we require stakeholders key into the system and to educate the general public on the benefits. When fully operational, the scheme will enable us to plan ahead and avoid late preparation.
“The scheme is opened to all intending pilgrims those with state or private tour operators. The new scheme will safe guide against fraud, offer subsidy in the future and generally improve hajj operations in Nigeria”, Barr. Zikrullah noted