Ihsaas Trust

ihsaasOur Reason for Being

Every human being wants to be self-sufficient, relying solely upon his Creator and not be dependent on others.

However, to a very large segment of the population of Pakistan, the idea of being self-sufficient seems like a faraway dream. Due to extreme financial hardship, coupled with multiple debts and an ever-deteriorating economy, many people who want to be self-reliant are never able to pull themselves out of the poverty quagmire. This is why we formed Ihsaas Trust.

The word ‘Ihsaas’ means to feel or be sensitive to what others are feeling; and this realization is precisely what brought together the founders of Ihsaas Trust. We not only want to feel what our fellow under-privileged brothers and sisters are feeling, we don’t just want to give them financial aid, but we want to go one step further and financially empower them so that they can become self-sufficient and provide for themselves and their families.

Ihsaas trust is a completely non-profit initiative.

Our Unique Mission

We at Ihsaas Trust, while realizing that we have a duty towards our fellow men, also realize that this is just a small part of our duty to the Almighty, to whom we are ultimately answerable. Thus, we also ensure that all of our services are in line with Allah’s (swt) Law, i.e. the Shariah of Islam. This makes our mission unique as we realize that helping the creation must also be done in accordance with the laws of the Creator.

We need donations for the following:

  1. Sadaqah for Micro-finance Cases
  2. Zakat Disbursement
  3. Ramadan Iftar Program

1. Sadaqah for Microfinance Cases

“Give a man a fish, you feed him for a day, teach a man to fish, you feed him for a lifetime.”

Simply put, this is Islamic Finance. We provide financial services for low-income population and they all are in accordance with Islamic financing principles. All our transactions are monitored and audited by the Shariah Advisory. With proper accounts and audit department, every case is verified by checking the applicant’s experience, overall project feasibility and Shariah compliance. Our dedicated staff ensures timely repayments and motivates the applicants to implement Islamic principles and manners with their clients and their families.

We have an average ticket size of Rs. 80,000 with almost 100% repayment success rate. Your donations can help us reach more and more people, reducing the unemployment and helping our brothers and sisters to stand on their own feet and rely totally on Allah (swt).

2. Zakat Disbursements

We collect Zakat and utilize it for helping our applicants in times of dire need. Our applicants who are mostly orphans, widows and people who are disabled, under medical treatment, under loan or in need of education.

Every case is verified and endorsed by the Shariah Advisory; all our cases need urgent help and every Rupee you contribute will help them in their cause.   

3. Ramadan Iftar Program

Giving Iftar (fast-breaking) meal is very rewarding (Thawab). If a person, while walking on the road, gives only a date or an olive to a fasting person, the reward for giving Iftar meal is attained. Our Prophet (sa) said: “If a person gives Iftar to a fasting person in this month (Ramadan), his sins will be forgiven. And he will be given as many rewards as that of a fasting person.” Some of the blessed companions said that they were not rich enough to give Iftar meal to a fasting person. Prophet (sa) declared:  “The reward will be given even to a person who gives a date for Iftar or who provides water to break the fast or who offers a little milk.” (Bayhaqi)

Ihsaas Trust arranges Iftars for many Masajid every year in areas where the poverty level is more than the rest of the city. We provide quality food with a Tarbiyah Session prior to the Iftar. The objective is to bring people closer to Allah (swt) in the month of Ramadan. A donation from you goes a long way in this effort. This year too we are planning for Iftar in 7 – 10 Masajid. Please, contribute for the sake of Allah (swt).

The daily cost of Iftar per person along with dinner is Rs. 185 or $2. We provide them with fruits, juice, Iftari items and proper food for the day.

How to Donate

To donate, please, deposit the amount in the respective accounts mentioned below (as per your interest) and email the deposit slip to this address: donations@ihsaas.pk

Account Title: Ihsaas Trust – Sadaqah

Bank Name:         Meezan Bank Limited

Branch:                Bahadurabad, Karachi – Pakistan

Account Number: 01140100892545

 

Account Title: Ihsaas Trust – Zakat

Bank Name:         Meezan Bank Limited

Branch:                Bahadurabad, Karachi – Pakistan

Account Number: 01140100892552

 

Account Title: Ihsaas Trust – Microfinance

Bank Name:        Meezan Bank Limited

Branch:               Bahadurabad, Karachi – Pakistan

Account Number: 01140100841841

Ihsaas Trust – Working Towards Financial Empowerment

Ihsaas

Every human being wants to be self-sufficient, relying only on the Creator. However, to a very large population segment of Pakistan, such independence is a faraway dream. Due to extreme financial hardship, multiple debts and an ever-deteriorating economy, many people are never able to pull themselves out of the poverty quagmire. This is why “Ihsaas Trust” was formed.

The word ‘Ihsaas’ means ‘to feel or be sensitive to what others are feeling.’ This realization is precisely what brought together the founders of “Ihsaas Trust”. However, the philosophy of the trust extends beyond just compassion for the fellow underprivileged brothers and sisters; their ultimate goal is to go a step further and financially empower them, so they can become self-sufficient in providing for themselves and their families. Or, as “Ihsaas Trust” puts it: “Give a man a fish, you feed him for a day; teach a man to fish, you feed him for a lifetime.”

“Ihsaas Trust” was established in 2008. Prior to 2011, it operated under the name of “Little Deeds”, which was originally started by Tayyab Abid. Later, he was joined by four likeminded brothers, who together formed the founding trustees of “Ihsaas Trust”. Brother Tayyab is the managing trustee and carries out his work in collaboration with the management team of trustees and three full-time employees.

The trustees are brothers, who want to take active steps towards pleasing their Creator and work for the betterment of their brothers and sisters. However, what makes their mission unique is the realization that helping the creation must be done in accordance with the laws of Allah (swt), to Whom they will ultimately be answerable. Thus, all “Ihsaas Trsut” services are in line with the Shariah.

“Ihsaas Trust” provides the following Shariah compliant financial relief services:

·         Murabaha (Sale at a Profit)

Through Murabaha services, “Ihsaas” purchases a piece of property or equipment on behalf of the beneficiary and then sells the same to them in instalments over an agreed upon period. The beneficiary is able to use the property for income generation, while paying off the instalments. “Ihsaas” maintains the ownership of the property, until the completion of payments, whereby the ownership gets transferred to the beneficiary’s name.

·         Ijarah (Rental Services)

Through Ijarah services, “Ihsaas” acquires a piece of property/ equipment and then rents it out to the beneficiary, who can utilize it for income generation. Ijarah services may also be modified to a lease-to-purchase contract, so that by the end of the contract the beneficiary actually owns the property.

·         Zakah Collection and Disbursement

“Ihsaas” collects Zakah and utilizes it for helping Muslims in debt pay off their loans.

·         Musharakah (Partnership)

Through Musharakah programme, “Ihsaas” enters into a business partnership with the beneficiary and agrees to invest in a business venture, where both parties mutually share in any resulting profit or loss.

Ihsaas Trust” is a completely non-profit initiative. Although the goal of the trust is to become self-sufficient, at present they depend on donations from concerned and active brothers and sisters. Thus, they are constantly on the lookout for donations towards their monthly expenses and the microfinance funding. In order to avoid dependency on a few larger contributors only, their goal is to target as many people as possible, who could give small but consistent contributions towards a good cause. As the Messenger of Allah (sa) said: “The most beloved deed to Allah’s (swt) is the most regular and constant, even though it were little.” (Bukhari)

Contact information:

Suite 1, 55-C, Main Khayaban-e-Sehar, Phase 6, DHA, Karachi

Tel: (+92) 21 3584 6059

Mob: (+92) 321 244 7198

Email: info@ihsaas.pk

Website: http://ihsaas.pk/ (Please, visit the website for information about donation options.)

Real-life story

My name is Mohammd Akram. I am an oil trader from Korangi area. I contacted “Ihsaas Trust” to improve my business through more investment. “Ihsaas Trust” sold us goods worth Rs. 80,000, which helped me in expanding my business. My suggestion is to expand “Ihsaas Trust”, so that more people can benefit from it.

My name is Naweed Ahmed. I have a motor wiring and electric business in Manzoor Colony. “Ihsaas Trust” sold me electric goods on easy installments. If before my business was very slow because of lack of investment, then now, Alhumdulillah, I am doing good. My suggestion is for “Ihsaas Trust” to have offices in every part of the city, so that more people can benefit from it.

Since its inception, “Ihsaas Trust” has helped over 1,500 persons in different ways (Zakah, microfinance, Qard-e-Hasna and verification support).