Al-Ameen Islamic Hajj Savings Plan (AIHSP)*

*formerly UBL Hajj Savings Plan (UHSP)

One of the pillars of Islam is the pilgrimage to Mecca (Hajj) at least once in a lifetime. In order to perform this religious obligation or any other it is essential for every Muslim to plan accordingly.

You can now conveniently plan for your religious obligations of Pilgrimage through Al-Ameen Islamic Hajj Savings Plan (AIHSP) [formerly UBL Hajj Savings Plan (UHSP)]. AIHSP gives investors the flexibility to accumulate savings for their Hajj, Ziarat, or Umrah needs. Investors have the option of saving according to their respective requirements by choosing a contribution frequency (i.e. monthly, quarterly, half yearly, or annual) that fits them best.

About the plan

Al-Ameen Islamic Hajj Savings Plan (AIHSP) [formerly UBL Hajj Savings Plan (UHSP)] is a medium to long-term investment plan designed to help individuals accumulate savings required to perform Hajj or Umrah. AIHSP helps generate a reasonable rate of Riba-free return and capital accumulation through participation in Shariah-compliant Income & Equity mutual fund scheme(s) managed by UBL Fund Managers i.e. Al-Ameen Islamic Sovereign Fund (AISF) [formerly UBL Islamic Sovereign Fund (UISF)] & Al-Ameen Shariah Stock Fund (ASSF) [formerly UBL Shariah Stock Fund (USSF)].

The plan allows you to decide between a time frame of 1 year to 5 years (which is the recommended horizon) and based on that you would be required to make monthly, quarterly, bi-annual or annual payments as per your discretion

  • This plan is ideal for clients who wish to perform Hajj or Umrah or invest on behalf of domestic workers, family members, friends etc.
  • Unit Holder may also select the Systematic Investment Plan (SIP) option (invest predetermined amounts on a monthly, quarterly and bi-annual basis)
  • There is no fixed holding period; the client may redeem his/her funds (partial or full) at any given time without any withdrawal charges
  • If the client wishes to redeem a certain amount of funds he/she may be required to fulfill the minimum balance requirements of PKR 6000
  • The Unit Holder may also convert the Units held in Al-Ameen Islamic Hajj Savings Plan (AIHSP) [formerly UBL Hajj Savings Plan (UHSP)] based on Shariah Compliant Option into the units of any other plans being offered by the Management Company and vice versa subject to the minimum account maintenance conditions

Features & Benefits

  • Shariah-compliant returns and capital accumulation
  • Enables unit holders to save for pilgrimage
  • Choose an investment time period between 1 to 5 years (recommended but can opt for more than 5 years)
  • High quality underlying assets
  • Reasonable rate of return
  • Diversified exposure to risk

Managed as per Shariah Law

Al-Ameen Islamic Hajj Savings Plan (AIHSP) [formerly UBL Hajj Savings Plan (UHSP)] is managed by UBL Fund Managers. All investments in the plan are made strictly in Shariah-compliant instruments under the supervision of a Shariah Advisory Board which comprises of renowned Islamic scholars Mufti Muhammad Hassan Kaleem and Mufti Najeeb Khan.

Where does the plan invest?

Disclaimer: The investors are advised in their own interest to carefully read the contents of Supplementary Offering Document (SOD) of Al-Ameen Islamic Hajj Savings Plan (formerly UBL Hajj Savings Plan), in particular the risk factors and disclaimers mentioned in the document before making any decision. All investments in Plans and underlying CIS/Funds are subject to market risks. The value of investments may depreciate as well as appreciate subject to market fluctuations and risks inherent in all such investments. The clients are not offered any guaranteed/fixed returns.