Microfinance

Sahulat Microfinance Society to promote Interest free Islamic Banking

Sahulat Microfinance Society to promote interest free Islamic banking at all India level

The Sahulat Microfinance Society has decided to promote and facilitate atleast 500 interest-free cooperative branches across the country by the end of 2016. The Society in its meeting held on July 9,2010 also decided to establish four regional offices and training and research units.

The newly formed Sahulat Microfinance Society will mobilize seed money for new cooperatives and branches. It will also provide a framework for networking of cooperatives at the national level.The meeting was inaugurated by Prof. K. A. Siddique Hassan who is the Vice President of Jamaat-e-Islami and has been elected the President of Sahulat Microfinance Society.

sahulat microfinance delhi

Meeting of Sahulat Microfinance Society

In the meeting the working model of Al-Khair Trust was discussed. Al-Khair is registered and functioning as interest-free cooperative since 2002. Al-Khair currently has more than 3000 members with branches in four cities/townships of Bihar.

About Sahulat Microfinance
Sahulat Microfinance was formed on March 2010 in New Delhi after discussion among 21 eminent scholars, economists, professionals and social activists drawn from across the country. Sahulat has been registered as a national-level NGO of non-political, non-profit nature.

4 Comments

4 Comments

  1. sadik ahmed laskar

    September 15, 2011 at 1:54 pm

    i m searching interest free micro finance in assam hailakandi for help poor

  2. sadik ahmed laskar

    September 16, 2011 at 12:22 am

    I wish to congratulate our fellow Muslim brothers for the giant stride in ensuring that at last non-interest microfinance bank has been established in India. To us is a challenge. I have been searching for over six month to set up a non-interest microfinance bank in the district –Hailakandi (Assam), but the support and cooperation was too slow and unencouraging at all. But insha Allah, we shall be establish interest free micro loan in poor through sahulat MFS. Wassalamu alaikum.

  3. aBDUL hASIB

    January 25, 2012 at 1:24 pm

    i AM WORKING LAST 10 YEARS IN COOPERZATIVE SECTOR AND WAS MAN FOR rEGSITRATION OF mARWAR SHARIA CREDIT COOPEWRATIVE SOCIETY LTD AND JANSEWA CREDIR COOP.SOCIETY LTD MUMBAI IAM EX BANKER AND COOPERATOR HAVE WIDE KNOWLEDGE OF ISLAMIC MICRO FINANCE PL. CONTACT ME FOR REGISTRATION A SHARIA CREDIT COOPERATIVE SOCIETY LTD

  4. Abdul Hasib

    January 31, 2012 at 1:55 pm

    Sir
    Pl. make availbale me the contact nu,mbder and mail address of Sidique Hassan

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