Qard Hasan: A Lifeline For The Underprivileged

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Campaign Story

The famous scholar, Ibn al-Qayyim said, “Women are half the Ummah and they give birth to the other half, so they are the whole Ummah.”

The building blocks and the very foundation of our society is based on how strong and empowered our women are. Keeping this in mind, GlobalSadaqah embarked on a project that would aim to facilitate financial inclusion, highlight the amazing work by our women at the grass roots level, and bring in help to empower them to become role-models for the upcoming generations. So, what is this initiative? 

“Who is he that will give Allah a goodly loan (Qard Hasan)? For Allah will increase it manifold to his credit.”  [Surah al-Hadid, 11]

What is Qard Hasan?

Qard Hasan is a loan extended on a goodwill basis, typically for social welfare or for short-term financing needs. The borrower pays back only the amount borrowed, with no interest or charges from the lender. Should a borrower encounter legitimate difficulty in making payments, the lender will extend the repayment time, or at times waive part or the whole remaining amount, depending on the situation of the borrower.

Keeping this in mind, GlobalSadaqah launched the Sustainable Charity Qard Hasan Program.

Interest-free Alternative: Qard Hasan is a much needed program that opens doors for women in need of assistance to be free of high-interest loans and debt with punitive terms. Most of these beneficiaries don’t have assets to be deposited as a security with banks to be able to get a loan or even make it past the risk screening. This program opens doors of empowerment and self-sustenance for the poor and needy, majority of those who fall into the Asnaf categories. 

Empowering MSMEs: This program aims to be a lifeline to empower and support small enterprises run by women and the B40 community, that have taken a huge hit due to the COVID-19 pandemic and economic slowdown in Malaysia. GlobalSadaqah aims to empower communities by reducing the dependency on charity, and with the objective of turning beneficiaries into benefactors.

GlobalSadaqah and its implementation partners screen, assess, and verify the beneficiaries meeting all KYC requirements. Donations from this campaign will be loaned and transferred to the below verified and eligible beneficiaries. The loaned funds will be paid back by this first batch of beneficiaries and reused for the next batch of beneficiaries based on a set time frame. 

The Messenger of Allah said, “Whoever relieves the hardship of a believer in this world, Allah will relieve his hardship on the Day of Resurrection. Whoever helps ease one in difficulty, Allah will make it easy for him in this world and in the Hereafter. Whoever conceals the faults of a Muslim, Allah will conceal his faults in this world and in the Hereafter. Allah helps the servant as long as he helps his brother. [Muslim]

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Nik Rashidah set up a small business that sold frozen, marinated lamb shanks and BBQ.  

Her business was severely hit by the Covid-19 lockdown. She now faces a dire need of funds to sustain her business and find a premise for preparing her food items. The Qard Hasan loan will help her buy the necessary equipment equipment, basic raw material, and special packaging supplies. This will empower her to get back on her feet again and start her journey again towards financial independence.

Implementation Partner: MadCash

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Zarina is a single mother struggling to make ends meet. She has 6 children to take care of. With all the responsibilities on her shoulders, she tried her hands in many different food business hoping for success so that she can provide some stability to her family. 

Zarina eventually started a small food catering business by setting up a stall that focused on selling local Malaysian delicacies like Cendol, Nasi Lemak and all sorts of Kuih Muih. Zarina further started taking orders for baking cakes and cookies for selling in her surrounding locality. 

Implementation Partner: MadCash

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Kamaleswari is a resident from Kajang who runs a restaurant business. With the lockdown and movement restrictions imposed due to Covid-19, the business has been affected very badly and is at the brink of closure. She need the support through this loan to save her restaurant and look for sustainable solutions.

Implementation Partner: MadCash

🇲🇾 Malaysia Bank Transfer

Bank Name: Alliance Bank
Name: GS Global Guardian Sdn Bhd
Account: 620100010023192
Reference: QH MC1

If you have made a direct bank transfer. Please send your transfer proof to [email protected] or via WhatsApp to +60333100069

Campaign Partner

MADCash is an initiative that provides access to micro-funds for WOMEN of B40 that have a critical need to start, or upgrade a micro business as a new or additional income stream for the household. MADcash will also expose and encourage the micro-business owners to the use of digital finance such as with the use of digital banking, e-wallet, and digital payments.

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