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ADIB unveils Hajj finance scheme

Abu Dhabi, August 28, 2011

Abu Dhabi Islamic Bank (ADIB) has unveiled a new scheme under which Hajj and Umrah travel finance will be offered at zero per cent profit rate for tenors up to 12 months.

The bank will not charge any processing fee and the first installment can be paid up to a maximum grace period of 90 days, said a statement from ADIB.

The offer for the ADIB Hajj and Umrah Travel Finance is valid till October 31 while the journey must be completed within one year, by October 31, 2012.

"The ADIB Hajj and Umrah Travel Finance is further proof of the fact that we are well connected to the needs and desires of our core target audience whose hearts yearn to visit the most precious place on earth," said Dhafer Luqman Head of Products & Retail International.

"We feel privileged to be able to help our customers perform the pilgrimage at the lowest cost possible. We expect a large uptake of this product among the faithful this year," he added.-TradeArabia News Service




Tags: finance | Umrah | scheme | Abu Dhabi Islamic bank | Hajj |

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