Islamic Savings Account

BOK Hajj & Umrah Account

Part of PakFinHub's BOK coverage — see the full Islamic Banking guide.

Raast Islamic
Non-Checking Savings

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

The BOK Raast Hajj Account is a dedicated Islamic savings account for building up funds toward performing Hajj or Umrah, rather than a general-purpose savings account. BOK's own official Key Fact Statement classifies Hajj and Umrah under one combined account type. This page covers eligibility, the profit structure, and what actually makes this different from an ordinary Raast savings account, sourced directly from BOK's official product page.

Hajj Account at a Glance

Account Type: Non-checking savings
Currency: PKR only
Structure: Mudarabah (profit & loss sharing)
Eligibility: All individuals

Confirmed from BOK's official Raast Hajj Account page (bok.com.pk). Last verified: August 2026.

What Makes This Different from a Standard Savings Account

Two things separate this from BOK's general Raast Savings Account. First, it's non-checking — designed to hold funds you're setting aside for Hajj or Umrah rather than for everyday transactions, and withdrawal happens through any standard instrument when you actually need the funds, not via routine debit-card spending. Second, BOK's own page states the profit share is higher than its standard PLS/Umrah account share — though the bank doesn't publish a fixed percentage; the exact rate depends on the profit weightage BOK announces each month.

Profit Structure

Term	Detail
Basis	Mudarabah — the accountholder is Rab-ul-Maal, BOK is the Mudarib
Profit calculation	On average daily balance
Profit payment	Monthly
Weightage	Announced before the start of each month
Profit declaration	Within 7 days of the following month
Loss-sharing	Any loss is borne by the accountholder per Musharakah/Mudarabah rules, same as other Raast deposit products

Because the return is profit-and-loss-shared rather than a fixed guaranteed rate, don't treat "higher profit share than the standard account" as a promised number — it reflects the pool's actual performance for that month, declared after the fact, not a rate you can lock in ahead of time.

Source: BOK's official Raast Hajj Account page (bok.com.pk/islamic/personal-banking/deposit-accounts/savings-acs/raast-hajj-account). Last verified: August 2026.

Eligibility & Basic Terms

All individuals are eligible to open this account — there's no age restriction or prior-BOK-relationship requirement published on BOK's page. No charges apply for closing the account, and BOK provides a free monthly account statement on request. Withholding tax and Zakat apply per prevailing Pakistani law, same as other savings-linked accounts.

Is This the Same as BOK's "Umrah Account"?

BOK's official Key Fact Statement document lists a single combined account type — "Raast Hajj / Umrah Account" — treating both as one product. Separately, BOK's website navigation also lists a distinctly named "Raast Umraha Account" in some menus. We haven't been able to confirm from BOK's public pages whether that's simply an alternate name for the same account or a genuinely separate product with its own terms. If you're opening an account specifically for Umrah rather than Hajj, ask your branch directly which product code applies — don't assume the terms above carry over exactly.

Frequently Asked Questions

What is the BOK Hajj Account for?

A non-checking Islamic savings account for building up funds toward performing Hajj or Umrah, structured on Mudarabah, with withdrawal through any standard instrument when the funds are needed.

Does the Hajj Account pay more profit than a regular savings account?

BOK's own product page states the profit share is higher than its standard PLS/Umrah account share, though the exact rate depends on the monthly weightage BOK announces and isn't a fixed guaranteed number.

Is the Hajj Account the same as the Umrah Account at BOK?

BOK's own official Key Fact Statement classifies this as a single account type, listed as "Raast Hajj / Umrah Account." BOK's website separately lists a Raast Umraha Account by name; confirm with a branch whether that's the identical product or a distinct one before opening specifically for Umrah.

Since this account is designed to be built up over time rather than accessed routinely, treat it the way you would any other savings goal — decide your target amount before opening it, and avoid frequent withdrawals that would work against the average-daily-balance profit calculation.

Good For

Anyone saving specifically toward Hajj or Umrah expenses
Understanding how the Mudarabah profit structure works before opening
Comparing this against BOK's general Raast Savings Account
Knowing what to ask your branch about the separately-named Umrah Account

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