Al Hilal Bank, a progressive Islamic bank, has announced that it will offer a payment deferment scheme for its customers during the upcoming Holy Month of Ramadan. The move aims to lessen the financial responsibilities of customers and allow them to focus on their daily duties throughout the season.
Under the deferment scheme, monthly installments due between July 26 and August 10, 2011 will be postponed for one month free of charge at no extra profit. It covers customers who have personal or auto finance accounts and whose salaries are regularly transferred to Al Hilal Bank. This unique service was offered by Al Hilal Bank last year in keeping with the charitable spirit of Ramadan.
“Ramadan is a time to show compassion and charity towards others’Al Hilal Bank would thus like to roll out a deferment service under its ‘Tawasalo’ (‘Let’s Unite’) Ramadan campaign. This is our humble way of contributing to the meaningful celebration of the Holy Month,” said Mohamed Jamil Berro, CEO of Al Hilal Bank.