easypaisa, 5th Pillar Takaful introduces Umrah Savings Plan

easypaisa has teamed up with 5th Pillar Family Takaful to launch the 5th Pillar Family Takaful Umrah Savings Plan, according to Mettis Global. The product is designed to help customers save for Umrah while receiving takaful protection, and it is open to people aged 18 to 60. Mettis Global said the digital bank is presenting the plan as an organised way to prepare financially for the pilgrimage.

Plans run for at least five years and allow contributions annually, half-yearly, quarterly or monthly. At maturity, holders can withdraw the money in cash or put it toward a complete Umrah package. A partnership with 5th Pillar Travel (Private) Limited also gives users help with visas, flights, accommodation and ziarat visits after maturity.

easypaisa, which reports more than 60 million registered users, said the launch expands its Islamic finance and takaful portfolio. Jahanzeb Khan, President and CEO of easypaisa digital bank, described the offering as one digital product that brings together savings, protection and Umrah facilitation. Nasar Qureshi, CEO of 5th Pillar Family Takaful, said the plan is built to help families reach an important life goal.