Dhaka, Feb. 4 -- Bank Asia has been providing Hajj Deposit Scheme, designed to facilitate a structured and Shariah-compliant savings plan, recognising the challenges faced by individuals with low or limited income in accumulating the necessary funds to perform the Hajj, one of the five pillars of Islam, is a significant spiritual and financial commitment.

This scheme operates on an Islamic savings and investment model, where deposits are invested according to Islamic financial principles. The profits generated are distributed based on weightage to the depositor's account, making it a secure and Halal way to save for Hajj, according to a press release.

Depositors can open an account for a period ranging from 1 to 10 years, with installme...