Qardan Hasana Saving Schemes:

The strength of the Detroit Qardan Hasana scheme is very dependent on momineen depositing money into their personal accounts to gather barakat and sawaab of giving Qardan Hasana and allowing community members to benefit. There are two types of deposits into your personal Qardan Hasana accounts:

Taher Fund:
Aqa Moula (TUS) with karam has launched “Taheri fund” to strengthen the financial base of Qardan Hasana scheme and allow momineen a perpetual sawaab for this type of deposit. Taheri fund deposits are permanent deposits and cannot be withdrawn.

Husain Fund:
This is a standard deposit into Qardan Hasana. Momineen are requested to keep their deposits for a minimum of 1 year so that momineen can gain benefit and depositors can gather sawaab. These deposits can be withdrawn at any time. It is requested that a 1 month notice be given for withdrawals.

Qardan Hasana Loan Schemes:

Following are the Qardan Hasana Loan Schemes:

SCHEME	PURPOSE	ELIGIBILITY	MAXIMUM	TENURE
General Qardan	General purposes, that is deeni umoor, purchase of assets, paying of debts, personal needs, etc.	Up to two times of the Qardan-In balance.	Up to $ 25,000 as and when needed.	Up to two years from the date of Qardan-Out.
Business Qardan	For purchase of inventory, to buy a new business or assets or any other business purpose.	Up to three times of the Qardan-In balance.	Up to $75,000 as and when required, over a period.	Up to three years from the date of Qardan-Out.
House Qardan	To buy a primary residence for the first time by the member.	Up to three times of the Qardan-In balance.	Up to $100,000 at the time of purchase.	Up to three years from the date of Qardan-Out.
Education Qardan	For post secondary education or vocational training purposes.	Up to four times of the Qardan-In balance.	Up to $40,000 over the period of education.	Up to three years from the date of graduation.
Maximum Limit	For all purposes except house qardan	Per each scheme.	Up to $100,000 per family	Per each scheme.