Blog Details

Introduction
In a world where financial systems often prioritize profit over people, Qard Hasan—an Islamic concept of interest-free benevolent loans—stands as a beacon of hope. At Tahabil Limited, Bangladesh’s pioneering Shariah-compliant crowdfunding platform, Qard Hasan is not just a financial tool but a lifeline for thousands. This blog explores how Tahabil’s Qard Hasan initiatives are rewriting stories of struggle into tales of resilience and prosperity.

What is Qard Hasan?

Rooted in the Quranic principle of “lending to Allah a goodly loan” (Quran 2:245), Qard Hasan is an interest-free loan extended purely for welfare purposes. Unlike conventional loans, borrowers repay only the principal amount, often with optional goodwill (hibah). It embodies Islamic values of compassion, trust, and social justice, offering financial support without exploitation.

Why Qard Hasan Matters in Bangladesh

Bangladesh, despite rapid growth, faces stark challenges:

• Poverty: 20% live below the poverty line (World Bank, 2023).

• Climate Vulnerabilities: Floods, cyclones, and salinity disrupt livelihoods.

• Financial Exclusion: 65% lack access to formal banking.

Qard Hasan bridges these gaps by providing immediate, ethical relief to those excluded from traditional finance.

Tahabil’s Qard Hasan Model: How It Works

1. Application: Individuals or communities apply via Tahabil’s platform, detailing their needs (e.g., medical emergencies, disaster recovery, or small business capital).

2. Screening: Tahabil’s Shariah Board and impact team verify eligibility, ensuring compliance and need.

3. Disbursement: Funds are transferred directly to beneficiaries via mobile financial services or bank accounts.

4. Repayment: Borrowers repay the principal interest-free, often in flexible installments.

Transformative Impact: Stories from the Ground

Case 1: A New Dawn for Rina Begum, Rural Entrepreneur

Rina, a mother of three in Rangpur, received a Qard Hasan loan of BDT 30,000 to start a poultry farm. Within a year, her income tripled, enabling her to send her children to school. “Tahabil didn’t just give money; they gave me dignity,” she shares.

Case 2: Climate Resilience in Satkhira

Saltwater intrusion had destroyed Abdul’s rice fields. A Qard Hasan loan helped him switch to saline-tolerant shrimp farming, doubling his earnings. Today, he mentors 10+ farmers in his community.

The Tahabil Difference: Trust, Transparency, and Technology

• Shariah Compliance: Audited by Islamic scholars to exclude riba (interest) and gharar (uncertainty).

• Blockchain Tracking: Donors monitor fund usage in real-time, ensuring accountability.

• Community Networks: Partnering with local NGOs and mosques to identify genuine needs.

Qard Hasan and the SDGs

Tahabil’s Qard Hasan projects directly align with:

• SDG 1 (No Poverty): Lifting families out of debt cycles.

• SDG 5 (Gender Equality): 50% of loans go to women-led households.

• SDG 13 (Climate Action): Funding adaptive livelihoods in vulnerable regions.

Join the Movement

Your contribution to Tahabil’s Qard Hasan fund can:

• Provide emergency medical care for a child.

• Equip a farmer with climate-resilient tools.

• Empower a woman to start her dream business.

Register now to participate as investor (Interest or apply today.

Conclusion
In the words of Prophet Muhammad (ﷺ), “The best of people are those who are most beneficial to others.” Through Qard Hasan, Tahabil is proving that finance can be a force for good—transforming lives, one interest-free loan at a time.

“Whoever relieves a believer’s hardship in this world, Allah will relieve his hardship on the Day of Resurrection.”
— Sahih Muslim 2699