2. ِإِب َّالِإ ُهَدْنِع ُعَف َْشي يِذَّال اَذ َْنم ِضْرَاأليِدْيَأ َنْيَب َام ُمَلَْعي ِهِنْذْمِه
ْلِع ْنِم ٍء ْي َشِب َونُيطِحُي َالَو ْمُهَفْلَخ َامَوَعِسَو َءا َش َامِب َّالِإ ِهِم
َاوم َّالس ُهُّيِسْرُكَ;ُهُدوَُئي َالَو َضْرََاألو ِتاُّيِلَعْال َوَُهو َامُهُظْفِح
ُيمِظَعْال
Allahu la ilaha illa Huwa, Al-Haiyul-Qaiyum
La ta'khudhuhu sinatun wa la nawm,
lahu ma fis-samawati wa ma fil-'ard
Man dhal-ladhi yashfa'u 'indahu illa bi-idhnihi
Ya'lamu ma baina aidihim wa ma khalfahum,
wa la yuhituna bi shai'il-min 'ilmihi illa bima sha'a
Wasi'a kursiyuhus-samawati wal ard,
wa la ya'uduhu hifdhuhumaWa Huwal 'Aliyul-Adheem
3. Allalahumma athnini bi halaalika ‘an haraamika wa bi fadlika
‘amman siwaaka.
ْضَفِب َو ،َكِماَرَح ْنَع َكِلَالَحِب ْيِنِن ْغَا َّمُهَّللَاَكَاوِس ْنَّمَع َكِل
.
4. Islamic Mortgage Default Program
Islamic Student Loan Recovery Sukuk
Islamic CharitableWaqf Endowment (UAE Universities in the
USA and Homeless Shelters)
Islamic Food Bank Enterprise
Crowdfunding for Microenterprise
Angel Investors for Micro-entrepreneurs
Islamic Micro-Startups
5. Issuing bonds on a micro-level to raise capital for
microfinance projects, food banks, orphanages, and
homeless shelters.
The underlying asset would be donated by an Islamic Bank
i.e. purchased with murabahah default payments or other
charitable accounts.
The asset would then be used as the underlying asset in the
micro-sukuk issuance i.e. rental payments, asset, etc.
Islamic Banks can list micro-sukuk in CSR Reports and
Publicize in the Media for PR purposes. Annual Micro-Sukuk
Awards Gala.
6. Mortgage DefaultTakaful Fund.
Loans to assist people who would otherwise default in
scheduled mortgage repayments.
Financed through murabahah penalty payment charitable
funds of Islamic Banks or other charitable funds/seed
funding/venture capital.
Granting loans to people who have had their homes
foreclosed.
7. Securitize Student loans and float on bond market.
Securitize US Student Loan Debt and Sell it inSukuk Market.
The underlying asset will be for example payment of 5% of
monthly paycheck for period of bond. (This should be
drastically less than the monthly payment of the student
loan bill). The asset could also be donated by an Islamic
Bank, Charity, or provided through an Islamic Student Loan
Recovery Company that provides funding for theSukuk.
In this way, one would help USA students to get rid of their
debt and to start generating positive results in the economy
as well as promote a positive image of Islam within the USA.
8. Cooper Union in NewYork City provided free education to all
of its University students based on the income provided by
the land donated to the venture by Peter Cooper, which is
under the Chrysler Building in Manhattan, NewYork, USA
from 1830 until 2014.
Cooper Union was one of very few American institutions of
higher learning to offer a full-tuition scholarship – valued at
approximately $150,000 as of 2012 – to every admitted
student.
In 2014, the current President of Cooper Union started
charging full tuition, ending the era of free University
education in the United States.
9. It is possible for GCC nationals to provide land for such a free
education venture in the USA, however, reserving free education
to those below a certain income level.
10. For example, in the UAE, the UAE government provides a
plot of land and a loan to develop it to males of 18 years of
age.
How about providing plots of land for an IslamicWaqf
Charitable Endowment in the USA to provide free University
education to a certain portion of USA students or to run
homeless shelters and/or orphanages?
UAE Universities in the United States.
Dubai Cares Homeless Shelters in the USA.
11. Invest donations into Shariáh compliant investment funds.
Generate revenue to purchase food items as well as give
return on investment to people who donate into food banks.
Donation tax-free.
ROI taxable.
12. Invest donations into Shariáh compliant investment funds.
Generate revenue to purchase food items as well as give
return on investment to people who donate.
Education Fund.
Clothing Fund.
Beautiful loans to start small businesses.
13. Giving a chance to a broader spectrum of society to engage
in the start-up business.
A lot of people have great ideas, however, do not have
access to funds or business loans due to lack of collateral.
It is often not possible for young people with student loans
to get a business loan, mortgage, or any other type of
financing.
Provide Seed Funding for Micro-enterprise.
14. Startups encounter several unique options for funding.
Venture capital firms and angel investors may help startup
companies begin operations, exchanging seed money for an
equity stake.
In practice though, many startups are initially funded by the
founders themselves.
Factoring is another option, though not unique to startups.
Some new funding opportunities are also developing in
crowd funding.
15. A Form of securities offering in which an
investor invests capital in exchange for an
equity stake in the company.
16. Tends to come from institutional investors
and tends to involve significantly more
money, an arm’s length transaction; and
much greater complexity in the contracts and
corporate structure that accompanies
investment.
17. Seed Funding can be raised online using
equity crowd-funding platforms.
SeedInvests; Seeders; Angels Den.
Seed Money may come from product crowd-
funding or financial bootstrapping (use of the
cash flow of an existing enterprise).
18. Seed Money:Tens ofThousands and
Hundreds ofThousands of Dollars
Venture Capital: Hundreds of
Thousands/Millions of Dollar Range
19. The European Commission (EC) runs a
microfinance programme (loans under 25,000
Euros) for self-employed people and
businesses with fewer than 10 employees.
Grameen Bank – Queens, NewYork, USA.
20. Crowd-Funding is the practice of funding a
project or venture by raising money
contributions from a large number of people
usually over the internet via internet
mediated registries.
It is an alternative form of finance emerging
outside the conventional financial system.
21. The Project Initiator who proposes the idea
and/or project to be funded;
Individuals or group who support the idea;
A moderating organization (the ‘platform’)
that brings parties together and launches the
idea.
In 2015, over US$5.1 billion was raised via
crowd-funding worldwide.
22. Let’s set up a crowd fund for Micro-enterprises.
23. Factoring is a financial transaction and a type
of debtor finance in which a business sells it
accounts receivables (invoices) to a third
party (called a factor) at a discount.
A business will sometimes factor its
receivable assets to meet its present and
immediate cash needs.
24. An Angel Investor is an investor who provides
financial backing for small start-ups or
entrepreneurs.
The Capital they provide can be a one-time
injection of seed money or ongoing support
to carry the company through difficult times.
Venture capitalists pool money from large
investors, institutions, banks, etc. to reap a
huge profit.
25. How aboutAngel Investors for Micro-Entrepreneurs?
How about IslamicVenture Capital – the pooling of money
from Islamic Banks, Islamic Financial institutions, and
Islamic funds to provide venture capital for Islamic
microenterprises?
26. Providing insurance cover for people who have been granted
loans to start up business ventures.
Murabahah Charitable funds i.e. penalty payments and other
charitable funds of Islamic Banks.
28. In the name of Allah, the Beneficent, the Most Merciful.
By the morning hours
And by the night when it is stillest,
Thy Lord hath not forsaken thee nor doth He hate thee,
And verily the latter portion will be better for thee than the former,
And verily thy Lord will give unto thee so that thou wilt be content.
Did He not find thee an orphan and protect (thee)?
Did He not find thee wandering and direct (thee)?
Did He not find thee destitute and enrich (thee)?
Therefore the orphan oppress not,
Therefore the beggar drive not away,
Therefore of the bounty of thy Lord be thy discourse.