GCB Bank Launches Hajj Account for Tamale's Muslim Community

A New Financial Tool for Muslim Pilgrims in Ghana

The introduction of the GCB Hajj Savings Account has been met with widespread approval from Islamic scholars, youth, and community leaders in Tamale. This initiative is seen as a significant step forward in helping more Ghanaian Muslims prepare both financially and spiritually for the annual Hajj pilgrimage to Mecca.

At the launch event held in Tamale last Thursday, religious leaders praised GCB Bank for developing an innovative product that caters specifically to the needs of the Muslim community. The account is designed to support individuals in their journey toward fulfilling one of the five pillars of Islam.

Sheikh Abdul Mumin, the Head of the Shia Community in Tamale, described the product as unique and emphasized the importance of planning and saving. He said, “Allah, the most merciful, is the ultimate provider, but that does not mean we should sit idle. We must make the effort to plan and save gradually, and Insha Allah, we will be able to go on a Hajj.”

Sheikh Abdul-Rahim Yamusah, the Chief Imam of the 6th Garrison of the Air Force Base in Tamale, also highlighted the significance of the Hajj. He noted that the pilgrimage is more than just a religious ritual—it is a once-in-a-lifetime journey that completes one’s spiritual obligations. He encouraged Muslims to take advantage of the Hajj Account to save for this important journey.

Features of the GCB Hajj Savings Account

The GCB Hajj Account is a specialized savings account aimed at helping Muslims plan and save for the annual Hajj pilgrimage. It is available to all GCB Bank customers and offers convenience and security for those looking to set aside funds over time. The account does not attract any interest, making it a dedicated savings tool for pilgrims.

Customers can open a Hajj account with a minimum deposit of GHS50.00. The account comes with several benefits, including free insurance and no monthly charges. Once pilgrims return from their journey, they can convert their account into a standard savings account or use the funds to invest in other GCB investment products.

Sina Kamagate, the Executive Head of Retail Banking at GCB Bank, explained that the account was created to reduce risks and ease the financial burden on Muslim pilgrims. He emphasized that the bank is committed to providing peace of mind to the Muslim community as they prepare for their sacred journey.

“The creation of this account is to protect the Muslim community from fraudulent practices in Hajj planning. The Bank will facilitate the transfer of funds directly to accredited agents without putting money into their private accounts, ensuring a secure and transparent process,” he said.

By offering a formal and regulated channel for Hajj savings, customers can be confident that their contributions are secure, traceable, and used exclusively for their intended purpose. When the funds meet the threshold for covering the cost of the Hajj, they will be transferred to the Hajj Board or any other entity based on the customer’s request.

GCB Bank: A Trusted Financial Partner

GCB Bank PLC is a leading player in Ghana’s banking industry, with a network of 184 branches and 340 ATMs. The bank also offers various innovative digital solutions to meet the evolving needs of its customers. With the largest branch network in Ghana, GCB Bank is closely associated with hundreds of communities where it provides day-to-day financial services and social support.

As Ghana’s premier indigenous bank, GCB has played a significant role in helping individuals, SMEs, corporates, and institutions achieve financial wellbeing since its establishment in 1953. The bank’s relationship with its clients and stakeholders is built on trust, support, and collaboration, anchored through its brand promise, “Your Bank for Life.”

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