easypaisa, 5th Pillar Takaful introduces Umrah Savings Plan
MG News | August 19, 2026 at 03:05 PM GMT+05:00
August 19, 2026 (MLN): easypaisa, Pakistan's leading digital bank, has partnered with 5th Pillar Family Takaful to launch the 5th Pillar Family Takaful Umrah Savings Plan, a Shariah-compliant savings and protection solution that enables customers to plan and prepare financially for Umrah.
As part of the offering, an integrated partnership with 5th
Pillar Travel (Private) Limited provides easypaisa users with end-to-end travel
facilitation upon maturity, including visa processing, flights, accommodation,
and ziarat arrangements, making the journey more convenient and seamless.
This combines long-term savings with Takaful-based
protection, providing customers aged 18 to 60 with a structured and disciplined
way to work towards their Umrah aspirations while benefiting from the
convenience of digital financial services.
Available with terms starting from five years, the plan
offers flexible contribution options on an annual, half-yearly, quarterly, or
monthly basis, with maturity proceeds either withdrawn in cash or utilised
towards a complete Umrah package.
Speaking on the collaboration, Jahanzeb Khan, President
& CEO, easypaisa digital bank, said, "At easypaisa, we are committed
to creating financial solutions that reflect the aspirations, values, and
everyday needs of our customers. The launch of the 5th Pillar Family Takaful
Umrah Savings Plan brings together Shariah-compliant savings, protection, and
seamless Umrah facilitation in a single digital offering, empowering millions
of Pakistanis to plan for this important spiritual journey with greater
confidence and convenience."
Commenting on the partnership, Nasar Qureshi, CEO, 5th
Pillar Family Takaful, said, "The Umrah Savings Plan has been designed to
help individuals and families achieve an important life goal through a
structured, Shariah-compliant savings framework. Our partnership with easypaisa
enables us to reach customers at scale and deliver a seamless experience that
combines protection, disciplined savings and travel facilitation under one
ecosystem."
The service offering further strengthens easypaisa's growing
Islamic finance and Takaful portfolio, underscoring its commitment to
delivering innovative, accessible, and Shariah-compliant solutions that help
customers achieve both their financial and personal aspirations.
With over 60 million registered users and as the country’s
first digital bank to commence commercial operations, easypaisa remains aligned
with the State Bank of Pakistan’s vision to drive inclusive economic growth.
The company continues to expand its range of financial
products and services, catering not only to its existing users but also to
millions who remain unbanked or underbanked.
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