Hajj Investment Accounts

The Prophet Muhammad (peace be upon him) said: “The sins between one umrah and another are wiped away, but for an acceptable hajj, there is no reward except paradise.” (Narrated by Bukhari & Muslim)

Pilgrimage to Mecca, also known as hajj, is an obligation for a Muslim who is physically and financially able. It is one of the five pillars of Islam and for most Muslims, it is the dream of a lifetime.

Paying for hajj

Like most of life’s expenses, the cost of hajj is on the rise. So, it’s important that if you intend to undertake this obligation, you should also prepare for the financial responsibilities. Because hajj needs to be paid for with pure savings and because you cannot borrow money to perform hajj, Muslims are encouraged to save and invest for this expense as soon as possible.

How do I save and invest for hajj?

Define your goal clearly. A realistic goal must be:

  • Achievable: Use your income and the expected rate of return from your HIA to figure out if you can afford it. Don’t expect someone to simply hand you the cash.
  • Specific: “To go on hajj” is not a specific enough goal, but “to have $15,000 in 5 years” is.
  • Measurable: Set a deadline for your goal, specifically the timeline for purchasing a hajj package.


Start now. Hajj is a major financial commitment. Depending on what travel service a pilgrim uses and where he or she is flying from, hajj packages can cost between $10,000 and $20,000. And prices have been rising, almost doubling over the last 10 years. [Source: Dar El Salam Travel, 2016]