Capital For The Poor Without Interest, Admin Cost and Other Fees
Capital for the poor
In order to conduct the verses of Allah or Allah's command to help feed the poor by giving them capital (in order to give them a nail, rather than giving them the fish) for poor people, orphans and those people in difficulties that have the ability and willing to effort business but they do not have capital, thus requiring capital to do business.
In order to obtain capital, we need the help from Muslim who have capital or Muslim donors that have given wealth by Allah. But most of them only store they money in bank which is no benefit to other people especially to the poor people. Their money will be stored and not used to the way of Allah.
We was also created in order to remove usury system, where each loan in current financial institution is charged an administrative fee or interest or other. We provide no-interest loans, with no administrative costs, no fees and without penalties if the poor is late paying. Because the interest system the rich people get richer and easily obtain capital, while the poor difficult to get capital and if the make a loan every month they are burden because of paying usury (additional administrative costs or interest or penalties due to the delay of the payment).
Reminder for All Rich Muslims in Quran :
"...And there are those who bury gold and silver and spend it not in the way of Allah: announce unto them a most grievous penalty" (Holy Quran 9:34)
"By no means! for it would be the Fire of Hell ! Plucking out (his being) right to the skull ! Inviting (all) such as turn their backs and turn away their faces (from the Right) And collect (wealth) and hide it (from use) !" (Holy Quran 70:15-18)
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www.capitalforthepoor.com