At Muslims Forum, we strive to implement the principles of Islamic finance and business ethics in every way we can. Islam encourages mutual support, self-reliance, and economic empowerment within the Ummah. With this vision, Muslims Forum has developed small-scale, practical business models to help fellow Muslims grow together.“Allah will continue to help His servant (a muslim) as long as His servant is helping his (muslim) brother.” – \[Sahih Muslim]
In today’s world, Halal Business stands as one of the most effective means to fulfill the economic needs of the Ummah. When Muslims invest in and support Halal businesses, these businesses can in turn provide community-centered financial services, such as:
(a) Interest free loans
(b) Interest free insurance (Takaful)
(c) Interest free EMI options (Halal EMI)
Mutual Benefit Model – Interest-Free Loan Initiative
To promote mutual growth and financial support, Muslims Forum has introduced a simple interest-free loan model exclusively for its members. This initiative is built on the foundation of mutual trust, taqwa (Fearing Allah), and shared benefit.
Step-by-Step Process to Obtain an Interest-Free Loan:
Step 1: A member invests a minimum amount (starting from Rs. 5,000/-) into a Halal business venture managed by Muslims Forum.
Step 2: The member receives monthly profit returns on the invested amount.
Step 3: After completing 3 months, the member becomes eligible to apply for an interest-free loan of up to 20% of their invested amount.
Example: If a member invests Rs. 1,00,000/-, they can avail a loan of Rs. 20,000/- after 3 months.
Note: The loan is issued without deducting from the investor’s capital. Profit continues to accrue on the full investment. Based on the member’s repayment history and trustworthiness, their loan eligibility may increase over time—potentially even exceeding the original investment amount.
Step 4: The loan can be taken for a maximum duration of 3 months. After repayment, the member is eligible to take a new loan. This rotation helps protect community funds and maintain a sustainable cycle. No interest or processing fees is charged.
What Are the Benefits?
This initiative offers mutual benefit for all involved:
(a) Members invest in Halal businesses that generate ethical profit.
(b) Muslims Forum uses the capital to expand business operations.
(c) Investors are then supported with interest-free loans to meet their personal or emergency needs.
The entire system is built on trust, transparency, and Islamic values. Loans are only granted to members who demonstrate genuineness, responsibility, and financial discipline.
This model is not a commercial bank, nor a typical finance company. It’s a community-based support system, rooted in the teachings of Islam, meant to uplift each other financially in a Halal and ethical manner.
If you wish to join our Interest Free Loan Scheme, please Contact Us