It's not often that God and financial services are mentioned together in one sentence but Iana Financial's mission statement is an exception: "Towards God-centred community financial services, for the common good." Since 2009, the Edmonton, Alberta based organization has provided interest-free loans across Canada and the world to relieve people of the burden of usury and to help them pursue their goals.
Zakat is one of the five pillars of Islam, upon which the religion is built. Usually translated as almsgiving, zakat is a requirement on Muslims (both male and female) of sound mind who possess at least the minimum amount of net worth deemed to classify them as not in need.
Despite the Islamic prohibition on interest or riba, many, if not most Muslims have credit cards. While it’s possible to use a credit card and never pay interest by paying off the full credit card balance each month, it doesn’t always work out this way. Any number of situations such as emergencies, unexpected expenses, unstable income or loss of employment can lead people to carry a balance on their card and accrue interest on their debt. From there, getting out of debt can become a very difficult challenge.
Muslim Welfare Centre and Project Ramadan came to Ottawa on April 22nd to work in partnership with the Ottawa Food Bank to build over 100 food baskets with the help of local volunteers and city officials, including Mayor Jim Watson.
Local Eritrean Canadians have come together to found Afaagh Association, a Canadian-based registered charitable organization, dedicated to helping the forgotten Eritrean refugees living in Eastern Sudan. On Friday May 19, they had their organizational launch and first fundraising event in Ottawa with Shaykh Abdalla Idris Ali.