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Islamic Finance Briefing - Categorized | Finance, Funds, New Launches more

New initiative to fund income-generating projects in Jordan

Posted on 20 August 2009

From Menafn.com: Dubbed Sadaqa, or “charity work”, the project will be launched Thursday by the Islamic Organisations and Societies Council (IOSC) on the occasion of Ramadan. It entails collecting donations and extending interest-free loans to the targeted segments.

“The project seeks to promote charity work, especially in Ramadan, and enhance solidarity between the rich and the poor, the strong and the weak,” Chief Islamic Justice Ahmad Hilayel, who is also president of the council, told reporters yesterday………..Full Article: Source

 
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