بِسْمِ اللَّهِ الرَّحْمَٰنِ الرَّحِيمِ

A Bit About Us

Working Towards a Better Tomorrow

Here at Al-Amanah, we see the value in everyone. We want to be a catalyst for positive change, and since our founding, we’ve been driven by the same ideas we initially founded our Nonprofit Business upon: support, empowerment, and progress. Learn more about our mission, our vision, and how we go about making the changes....

Background

Very often we fall in a situation when we have to borrow money from a friend or bank or somewhere else but in some cases, it becomes really critical- right? Your friend might not have the money you need and the bank will charge you at high interest for only a few categories of needs. In the US, the rent of an apartment is pretty the same as a mortgage payment, but how could we manage the down payment or a halal mortgage? Many of us dream of starting a small business but where’s the fund? If our job is suspended for a couple of weeks how can we afford our family and pay the bills? In this era of interest-based economy, can we dream of an interest-free financial system? All the questions lead to one solution- a general/mutual fund that will be raised by us, structured for us, and grew with us which will establish the foundation of that system. So, would you help out by putting stone to that foundation? Just save a little with us..............


What We Want

How Do We View

Mission
Far Sighted

Vision
Peripheral

Goal
Birds Eye

To please Almighty Allah (SWT) through the Eradication of the root of Interest (Riba) from  the society, replace it with Qard-Ul-Hasanah, support our fellow brothers, and establish Islamic Shariah-compliant finance/banking system.

To establish a financial institution in order to accommodate adequate funds for our personal need in the time of distress and halal business without paying a penny as interest for the betterment of the Muslim Society.

To raise a mutual fund of $1M and 1000 standing members within the next 5 years. Establish an Islamic Shariah Compliant bank in USA within the next 10 years. With you, we can do it.

Our Model

How It Works

Savings

Interest-Free Loan

Investment

Start saving today with as low as $50 a month. This small and stress-free amount will enable you to receive all benefits of Al-Amanah including interest-free loans whenever you need it. And, you'll receive the full amount you saved with Al-Amanah upon the termination of membership. Unlike typical banks, we offer no interest with your savings but you can invest your savings with Al-Amanah where you will earn profit with the risk of loss as outlined in Islami Shariah.

Known as 'Qard Hasan' in Arabic is our primary goal to serve you. If you are a member and save a very small and stress-free amount with Al-Amanah, you'll be eligible for this interest-free loan for personal needs and small businesses. The loan limit, repayment period, and all other terms & conditions will be determined by the amount you saved with Al'Amanah and the duration of the membership along with your conduct as a member. See 'FAQ' or contact us for more info.

Investing is Al-Amanah's secondary goal to grow your savings in a Halal way. We'll be investing in a halal and profitable business and distribute the profits with you. Al-Amanah makes every effort to not deal with any losses but will share the losses proportionately if it occurs according to Islamic Shariah. Al-Amanah's primary investment schemes include but not limited to- Islamic Banks, Insurances, Mortgages, Schools, Day Cares, Halal Groceries, Real Estate, etc.

Team

Who We Are

Advisor

Board Members

Shafikul Islam

Founder and President

Shafik is a Professional Engineer working for a Multinational Consulting Firm as a Transportation Engineer. He is currently doing his MBA at Missouri State University. He has an MS in Civil Engineering degree from the University of Central Florida and got the bachelor's degree from Bangladesh University of Engineering and Technology.

Nabil Morshed

Secretary General

Mehran is an embedded software engineer working in the US rail road industry. He got his MS and BS in Mechanical Engineering from the University of Toledo (Ohio) and Islamic University of Technology (Bangladesh) respectively.

KIM Iqbal

Director (Finance)

Tanzil is a Graduate Researcher in the field of Metallurgy. He is doing his Doctoral Study at Michigan State University. He got his Masters in Mechanical Engineering at Tuskegee University and bachelor's in Materials Engineering from Bangladesh University of Engineering and Technology.

Tanzilur Rahman

Founding Director (Finance)

Tanzil is a Graduate Researcher in the field of Metallurgy. He is doing his Doctoral Study at Michigan State University. He got his Masters in Mechanical Engineering at Tuskegee University and bachelor's in Materials Engineering from Bangladesh University of Engineering and Technology.

Mohaiminul Haque

Founding Director (Administrative)

Mohaiminul is a Graduate Researcher in the area of US surface Transportation. He is pursuing his Doctoral Study in Transportation Engineering at George Washington University. He got his bachelor's from Bangladesh University of Engineering and Technology.

Solaiman Khan

Director (Research & Development)

Solaiman is a Graduate Researcher at the University of Missouri, Columbia. He is pursuing his Doctoral Study in Informatics there. He is working in High-Performance Data-Intensive Computing Systems Lab. He got his master's from The University of Toledo, Ohio and bachelor's from Bangladesh University of Engineering and Technology.