TAJBank Limited has signed a Memorandum of Understanding (MoU) with the National Hajj Commission of Nigeria (NAHCON) to enhance the implementation of the Hajj Savings Scheme (HSS), marking another step in its commitment to ethical, socially responsible banking and sustainable development.
Managing Director/CEO of the bank, Mr. Hamid Joda, speaking during a virtual media chat at the weekend, said the partnership would enable TAJBank to widen its socio-economic support to aspiring pilgrims across the country—particularly at a time when rising airfares are making pilgrimage increasingly difficult for many.
Joda explained that the collaboration aligns with TAJBank’s mission to support vulnerable groups and strengthen financial inclusion through non-interest, Shari’ah-compliant services.
“Let me say that the MoU with NAHCON on the Hajj Savings Scheme aligns with our mission to support the needy in Nigeria. With this deal, TAJBank will leverage its strong digital platforms and nationwide branch network to take the HSS to the grassroots and make it easier for intending pilgrims to access funds for their travel,” he said.
He added that the bank would provide a seamless, ethically grounded savings pathway rooted in Islamic finance principles, ensuring pilgrims enjoy a stress-free Hajj experience and long-term value from their relationship with the bank.
Speaking at the MoU signing ceremony, NAHCON Chairman, Prof. Abdullahi Usman, said the HSS had created a structured and transparent pathway for pilgrimage funding. He noted that although many Nigerians desire to perform Hajj, lack of awareness and funding challenges have limited participation in the past.
According to him, the partnership with TAJBank and other non-interest institutions will enhance nationwide sensitization efforts through the Ulama, traditional media and digital platforms to educate the public on the benefits of the scheme.
Usman commended TAJBank for its commitment to supporting the HSS and assured that the commission would provide the necessary regulatory framework, guidance, and oversight for its effective implementation.
With the signing of the MoU, TAJBank and other participating non-interest banks are now authorised to deploy their digital channels and branch networks for the enrollment of intending pilgrims and to invest their deposits in approved Halal ventures for their socio-economic wellbeing.
