Qarz e Hasna
Ali Baba Foundation is following the Islamic concept that lend money to the needy ones if you could, and if they would not be able to return it, forgive them the amount at full or remaining that is unpaid.
Donate Funds to help People in Need.
Qarz-e-Hasna (قرض حسنہ) is an Arabic term that translates to a “beautiful loan.” It is a fundamental concept in Islamic finance and social ethics, referring to an interest-free loan given to someone in need, with the sole purpose of pleasing God.
About Project
Ali Baba Foundation provide the interest free loans that are
Interest-Free (Riba-Free): The most critical aspect is that it is given without any expectation of an increase or interest. The borrower is only obliged to repay the exact principal amount.
Pure Intent: The lender’s motive should be to help a fellow human being, seeking reward from God rather than any worldly or financial gain.
A Form of Charity (Sadaqah): It is considered one of the highest forms of charity. While Sadaqah is a outright gift, Qarz-e-Hasna is a loan that must be repaid, but its “beauty” lies in its compassionate and interest-free nature.
Purpose and Significance
- Social Welfare: It is a powerful tool for poverty alleviation, helping individuals manage financial hardships, start small businesses, or pay for essential needs like education and healthcare.
- Economic Justice: It promotes an economy based on mutual cooperation and solidarity, countering the social divisions often caused by interest-based debt.
- Spiritual Reward: In Islamic teachings, providing a Qarz-e-Hasna is believed to carry immense spiritual reward, often described as being better than giving regular charity in some circumstances.
Our Projects
- Blood Donation
- Apna Rozgar Scheme
- Clean Water Project
- Free Food Project
- Green Pakistan
- Save Gaza
- Jahaiz Project
- Qarz e Hasna
- Hand Pump Project
- Flood Relief Program
- Free Madicines
- Free Education
- Free Quran Education
- Free IT Education
- Free Stitching Center
- Sponsoring the Orphans
- Rashan Project
- Help in Droughts
- Clothes Distribution
- Subsidize Food
