بِسْمِ اللَّهِ الرَّحْمَٰنِ الرَّحِيمِ
A Bit About Us
Working Towards a Better Tomorrow
Here at Al-Amanah, we see the value in everyone. We want to be a catalyst for positive change, and since our founding, we’ve been driven by the same ideas we initially founded our Nonprofit Business upon: support, empowerment, and progress. Learn more about our mission, our vision, and how we go about making the changes....
Background
Very often we fall in a situation when we have to borrow money from a friend or bank or somewhere else but in some cases, it becomes really critical- right? Your friend might not have the money you need and the bank will charge you at high interest for only a few categories of needs. In the US, the rent of an apartment is pretty the same as a mortgage payment, but how could we manage the down payment or a halal mortgage? Many of us dream of starting a small business but where’s the fund? If our job is suspended for a couple of weeks how can we afford our family and pay the bills? In this era of interest-based economy, can we dream of an interest-free financial system? All the questions lead to one solution- a general/mutual fund that will be raised by us, structured for us, and grew with us which will establish the foundation of that system. So, would you help out by putting stone to that foundation? Just save a little with us..............
What We Want
How Do We View
Mission
Far Sighted
Vision
Peripheral
Goal
Birds Eye
To please Almighty Allah (SWT) through the Eradication of the root of Interest (Riba) from the society, replace it with Qard-Ul-Hasanah, support our fellow brothers, and establish Islamic Shariah-compliant finance/banking system.
To establish a financial institution in order to accommodate adequate funds for our personal need in the time of distress and halal business without paying a penny as interest for the betterment of the Muslim Society.
To raise a mutual fund of $1M and 1000 standing members within the next 5 years. Establish an Islamic Shariah Compliant bank in USA within the next 10 years. With you, we can do it.
Our Model
How It Works
Savings
Interest-Free Loan
Investment
Start saving today with as low as $50 a month. This small and stress-free amount will enable you to receive all benefits of Al-Amanah including interest-free loans whenever you need it. And, you'll receive the full amount you saved with Al-Amanah upon the termination of membership. Unlike typical banks, we offer no interest with your savings but you can invest your savings with Al-Amanah where you will earn profit with the risk of loss as outlined in Islami Shariah.
Known as 'Qard Hasan' in Arabic is our primary goal to serve you. If you are a member and save a very small and stress-free amount with Al-Amanah, you'll be eligible for this interest-free loan for personal needs and small businesses. The loan limit, repayment period, and all other terms & conditions will be determined by the amount you saved with Al'Amanah and the duration of the membership along with your conduct as a member. See 'FAQ' or contact us for more info.
Investing is Al-Amanah's secondary goal to grow your savings in a Halal way. We'll be investing in a halal and profitable business and distribute the profits with you. Al-Amanah makes every effort to not deal with any losses but will share the losses proportionately if it occurs according to Islamic Shariah. Al-Amanah's primary investment schemes include but not limited to- Islamic Banks, Insurances, Mortgages, Schools, Day Cares, Halal Groceries, Real Estate, etc.
Team
Who We Are
Advisor
Board Members
Shafikul Islam
Founder and President
Shafik is a Professional Transportation Engineer working for Arcadis US Inc., a European based Multinational Consulting Firm. He received his MBA from Missouri State University and MS in Civil Engineering degree from the University of Central Florida. He got his bachelor's degree from Bangladesh University of Engineering and Technology.
Email: president@mercyfi.com
KIM Iqbal
Director (Finance)
Iqbal is a Graduate Researcher in the field of Structural Engineering. He is currently doing his Doctoral Study at Drexel University. He got his Masters in Structural Engineering from University of Texas at Rio Grande Valley and bachelor's in Civil Engineering from Bangladesh University of Engineering and Technology.
Email: finance@mercyfi.com
Mohaiminul Haque
Founding Director (Administrative)
Mohaiminul is a Graduate Researcher in the area of US surface Transportation. He is pursuing his Doctoral Study in Transportation Engineering at George Washington University. He got his bachelor's from Bangladesh University of Engineering and Technology.
Email: admin@mercyfi.com
