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Hajj Savings Plan: 5-Year Financial Roadmap for Bangladeshi Muslims

24 May 20268 min read

Hajj is a once-in-a-lifetime farz for those who can afford it. In 2025, Hajj from Bangladesh cost ৳5,78,840 (government package) to ৳9 lakh+ (premium private). Plan early and the burden lifts.

5-year monthly savings math

Target: ৳7 lakh by year 5 (mid-range package, allowing for inflation).

  • Without investment growth: ৳7,00,000 / 60 months = ৳11,667/month
  • With 7% halal DPS growth: ৳9,750/month (you save ~৳1.15 lakh in interest)
  • With Sanchayapatra 11%: ৳8,800/month (highest realistic safe return)

Halal-aligned saving instruments

  • Islami Bank Bangladesh Mudaraba Savings — profit-sharing, 4–5%.
  • Social Islami Bank DPS — Mudaraba-based, 6–7%.
  • Sukuk (Islamic bonds) — issued by govt, 6–8%, 3-year tenors.
  • Sanchayapatra — government-backed; many scholars consider it permissible.
  • Avoid: conventional fixed deposits, stocks of non-halal businesses, interest-bearing schemes.

Year-by-year plan

  1. Year 1: Build savings habit. ৳10,000/month auto-transfer.
  2. Year 2: Open dedicated Mudaraba account. Continue ৳10,000.
  3. Year 3: Increase to ৳12,000 with first major raise.
  4. Year 4: Apply for Hajj registration (currently a 2–3 year waiting period exists).
  5. Year 5: Pay package deposit, finalize travel arrangements.

Track in Moneybag

  1. Wallet: Hajj Fund (currency BDT).
  2. Goal: ৳7,00,000 by month/year.
  3. Recurring rule: ৳10,000 auto-deposit on 5th of every month.
  4. Tag any Eid bonus, freelance burst directly to this wallet.
Can I use Sanchayapatra for Hajj?+

Yes — and many scholars consider government bonds permissible. Lock-in is 5 years, so plan for that.

What if Hajj package prices rise faster than 7%?+

Recent history: Bangladesh Hajj costs rose ~8.5% yearly. Pad your target by 15% buffer to be safe.

Can I take a loan for Hajj?+

Most scholars say no — Hajj is only farz when you can afford it from your own wealth without significant debt.

Ready to take control of your money?

Download Moneybag — free on Android, premium personal finance built for Bangladesh.

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