As-Salāmu `Alaykum (السلام عليكم)
IFFA (Interest Free Financial Assistance)
To have IFFA the following steps should be followed :
F O R M A T I O N O F C O M M I T T E E
* At least 3 (three) persons may form a Committee with designation of President, Secretary and Cashier. Thereafter any willing persons may be member of the Committee.
* Savings Account in the name of Committee should be opened in any Nationalized Bank. The A/C will be solely operated by the committee.
* Monthly Savings of the member (equivalent amount) of the committee should be deposited in the Account without fail.
E L I G I B I L I T Y
* Member of the Committee
* Should have initial savings
* Having fair link with Mosque
* Honest in all respect
* Permanent habitant
* Co-operative minded
* Educated
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