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Meet the Guy Behind Interest Free Student Loans

by in Culture & Lifestyle on 30th March, 2017

“The year I started university was the year which tuition fees tripled.”

When Ismail walks into the room, there’s something about the atmosphere that changes, a brother who walks with optimism, eagerness and determination on his shoulders. We’ve all had the conversations around Interest and Education, in fact it has been an ongoing discussion within the community for years. Ismail was the first to actually provide a solution and this is what we see, the desire to solve problems we as Muslims face.

We can no longer be critics of the services and products around us. We have the ability and in fact the responsibility to change our world and find solutions that are in line with our beliefs.

We are the generation that can address our challenges.

In an exclusive interview with Ismail Jeilani who visited Amaliah HQ, Shoreditch, we find out more about the man behind the dream, his journey and how he managed to fund his place. 

What are they?

The UK’s first Sharia-compliant student loans platform launches in London

The UK’s first Sharia-compliant student loans platform launches in London

QardHasan is an interest-free alternative to traditional student loans, enabling Muslim students to fund university without compromising their faith.

For over 130,000 Muslim students in the UK, taking out traditional student loans comes into conflict with their religious beliefs that prohibit all forms of interest. This is where QardHasan comes in.

At QardHasan, Muslim students can launch a 40-day crowdfunding campaign to borrow up to £30,000 by appealing to family, friends, alumni and charitable trusts to invest in their education. QardHasan also works with a growing number of corporate partners who support talented students they may be interested in hiring further down the line with funding.

We’re telling Muslim students: “You don’t have to choose between your faith and your aspirations.” says Tom Woolf, Founder & CEO of QardHasan.

“You can come from any background and aim for any career. All you need to do is showcase your potential and hustle like crazy.”

For more information, visit: www.qardhasan.com

The crowdfunding has begun…

Isma Saeed is #crowdfunding their #studentloan with @QardHasan. Your support will help #FundTheFuture. https://t.co/JiRZCuiIJC

— Izzymaa (@IsmaSaeed) March 29, 2017

One of the fist partnership was announced on the night, our friends at Muslamic Makers are on board with Qard Hassan.

Pretty awesome for @makersacademy to work with @qardhasan to provide interest free loans for students https://t.co/hXn3jG1eU3

— Murtaza Abidi (@murtz_abidi) March 16, 2017

Really excited to be launching the @makersacademy and @qardhasan partnership today at #FundTheFuture.

— Arfah (@Arf_22) March 14, 2017

Mean what you say and say what you mean, living the #fundthefuture ethos from the get go.

.@IsmailJeilani announces that the first £500 raised on the platform will be matched with £500 from QardHasan ???? #FundTheFuture pic.twitter.com/tHpkaZfHsV

— Qard Hasan (@qardhasan) March 14, 2017

Baited breath and hopes high. Students old and new from UCL

So glad to see so many of you here at the Interest Free Loans Platform Launch ???????? #FundTheFuture pic.twitter.com/f8D8finghQ

— Halima // UCLU ECO (@UCLU_ECO) March 14, 2017

Selina Bakkar

Selina Bakkar

I'm a simply striving to be better and improve in different areas of my life through more self awareness, experiences and learning more about the deen. You'll find me talking about community, connection, planting & growing, seeking the truth in an age of propaganda and misinformation. This year I want to document more to do with food heritage and history so watch this space or reach out. Have a listen to the Amaliah Voices podcast where I talk passionately about Islam, nature, motherhooding and back home. Link in bio peeps. To join the Amaliah Writer Community email me at selina@amaliah.com IG: SelinaBakkar