FUTURE PROGRAMS
Hasana Foundation Bangladesh
will
1. Invest
money (only those money collected for such purposes) in Income Generating
Projects. For example, marketting: Schools, Colleges, Public Services,
Publications etc. and consumable items, such as, cooking oil, spice (mashla)
products, soaps, tooth pastes etc. either by being an agent or a dealer
of a quality manufacturer or by going into actual production.
The profit thus earned will be used to meet
the administrative costs and other costs as may be incurred for the running
and/or supplementing the borrowers (who may be in difficulty to pay the
money back in full owing to some unavoidable circumstances).
2. Borrow
money from public, who would be willing to lend money to Hasana Foundation
for a 3, 6, 12, 24 or 36 months term without interest (Karz-e-Hasana).
Instead, Hasana Foundation will give a bond-type receipt to the honourable
money lender and then distribute the money to the suitable applicants on
the same term basis. It will also formulate how to collect the lended money
back from the borrowers and execute it accordingly. At the end of the term
Hasana Foundation will repay the money to the original lender on submitting
the original receipt to the Foundation.
3. Collect
Zakah and distribute the money in appropriate disciplines/sectors according
to Islamic Law.
4. Provide
Higher Education Loans without interest to the poor and needy students.
Hasana Foundation will collect the money back when the borrower gets employment
and starts earning salary.