Financing Hajj is a common practice among Muslims, especially those who cannot afford to pay for the pilgrimage out of their savings. There are various financing options available that adhere to Islamic principles.

One common financing option is Hajj Savings Account, which is specifically designed for Muslims to save money for the purpose of performing Hajj. The account is structured with a profit-sharing mechanism, where the bank shares the profit generated from the account with the account holder.

Another popular financing option is Hajj or Umrah Package Financing. In this option, the bank or financial institution pays for the cost of the package on behalf of the customer and later receives the payment back in installments through a financing contract. This type of financing can have different forms, such as lease-to-own or deferred payment agreements.

Some providers also offer Qard Hassan (interest-free loan), which is a Shariah compliant financing option where the lender is willing to lend money without charging interest. However, in this case, the borrower is required to pay the entire amount back, without any additional charges.

It is important to note that financing should only be used as a last resort, as Hajj is a financial obligation that must be fulfilled by those who can afford it. Muslims should always prioritize saving for Hajj and avoid taking on debt unnecessarily. Overall, financing Hajj is a common practice, and Muslims can choose from a range of Shariah compliant financing options to fulfill their religious obligation while adhering to Islamic principles.