This is a benevolent fund that gifts money to an active member of ICFAL with zero interest and no fees. In order to be granted money from the Qard Hasan fund a member must provide strong evidence on grounds for which the Qard Hasan has been applied for. A member must be an active member of ICFAL and must have application approved by the board of directors based on circumstances. The Board has the sole discretion on the amount of Qard Hasan to be approved.

*Conditions Apply

Fine Prints:

  • APR percentages: 0% Non interest (Islamic) product.
  • Transaction Fees: Nil (One-off fee of $100 for lifetime membership)
  • Interest rates: Non-interest (Islamic) products.

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