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Qard-e-Hasana Alternative to Interest
Qard-e-Hasana Alternative to Interest
Date: Aug. 2, 2025
While many of us are aware of the devastating consequences of interest (Riba), the noble Islamic alternative known as “Qard-e-Hasana” (interest-free loan) is still rarely implemented in society. Yet, the Holy Qur'an itself invites believers to give Qard-e-Hasana, a loan to Allah, which comes with immense divine reward.
To bring this sacred practice to life, the Alhaj Shamsul Hoque Foundation has launched a fully interest-free loan program named “Qard-e-Hasana.” In this system, there is no interest, profit, or extra charge imposed on beneficiaries. Even operational costs cannot be recovered from the recipient, as per the guidance of the Foundation’s Shariah Board.
Through this initiative, the Foundation aims to empower underprivileged individuals by providing essential tools and assets without any financial burden. These include:
Bicycles
Rickshaws/Vans
Sewing Machines
Livestock
Occupation-specific equipment
Gradually, the program will be expanded, In Sha Allah, to include critical areas such as healthcare, education, and small businesses.
Fill out the designated application form
Submit required documents, including a check from a conventional bank and a guarantor
Commit to fully leave all interest-based transactions (or provide a sincere pledge to transition away)
For applications and more details, please contact our Foundation office in Ghulam Ali Nazir Para, Chattogram.
Account Name: Alhaj Shamsul Hoque Foundation Qard E Hasana Fund
Account Number: 20503480201673809
SWIFT Code: IBBLBDDH348
Routing Number: 125150798
Bank: Islami Bank Bangladesh Limited, Bahaddarhat Branch, Chattogram
Let’s Build a New Era of Ethical & Compassionate Economy.
If you believe in a society free from interest-based exploitation, join hands with us by contributing to the Qard-e-Hasana fund. Your donation could help someone become self-reliant and live a life of dignity.
