The first-of-its-kind service offered by an Islamic bank in the UAE will enable a lot of people to perform Hajj and pay back the cost via easy and affordable monthly installments for one year without any profit, fees or extra costs.
SHARJAH — Sharjah Islamic Bank, or SIB, has announced the launch of 0% profit financing service for Hajj
under the theme “Perform Hajj this year and pay it off over the year with no profit”.
Jassem Mohammed Al Baloushi, Head of SIB’s Retail Banking Group, said: “The launch of an Islamic financing service for Hajj without any profit or fee is part of our commitment to catering to the consumer’s demand for Islamic products, and of our role as a national Islamic bank committed to community development by launching products that serve the social, health, educational and spiritual aspects of
society.”
Source : http://www.khaleejtimes.com/biz/inside.asp?xfile=%2Fdata%2Fuaebusiness%2F2010%2FOctober%2Fuaebusiness_October33.xml§ion=uaebusiness&col= -Oct 24, 2010
