Labbaik Saving Aasaan Labbaik Saving Aasaan is ideal for you if you are a small saver and wish to save for your spouse, children, parents etc. You can take benefit from this special Mudarabah based Deposit account (available from 6 months to 20 year plans) for Umrah & Hajj where you will also be entitled for profit on the deposited amount thus providing you a bigger incentive to save for Umrah/Hajj through Labbaik Saving Aasaan. Our dedicated branch staff will guide you for the expected Hajj/Umrah package prices for the specific year in which you wish to undertake the Holy journey and set the monthly deposit amount as per plan. Once the deposited amount reaches the package price you can fulfill your objective of performing Umrah/Hajj. The Labbaik Saving Aasaan Account is a non-checking account i.e. no cheque book or ATM card will be issued to you, however you shall have the option to withdraw from the scheme any time by closing your Labbaik Saving Aasaan Account. Use our calculators to calculate your flexible payment plan Hajj Saving Aasaan Calculator Umrah Saving Aasaan Calculator   How it works  On agreeing to become a Labbaik Saving Aasaan Account holder, you will enter into the relationship of Mudarabah with the Bank. Under this relationship, you will be the Investor (or Rab-ul- Maal) and the Bank will be the Manager (or Mudarib) of the funds deposited by you in the Deposit pool. These funds will be utilized by the Bank to provide financing to Customers under the Islamic modes, including but not limited to Murabaha, Ijarah, Istina and Diminishing Musharakah. The Bank will calculate the profit of the deposit pool every month and income will be shared between the Bank and the Customers on a Gross Income level, based on the pre agreed profit sharing ratios announced at the beginning of the period. The profit sharing ratios are available here or can also be requested from the branches. The profit will be distributed among the Labbaik Saving Aasaan Account holder as per the profit sharing Weightages announced at the beginning of the month. Accordingly your account will be credited with the proportionate profit amount. In case of any loss, as per the rules of Mudarabah, the Rab-ul-Maal shall bear the loss in the ratio of their investment.