We all are aware that Allah Almighty has forbidden usury, even though a large section of the society is trapped in the vicious circle of interest-based loans offered by the moneylenders (Mahajans) and banks. The farmers and poor are forced to commit suicide due to extreme stress of compounding interest burden on loans. Due to economic hardship in the family, womens folks are also forced to become victims of Bachat Gat (Saving Gat) AL-Khair Nagri Sahakari Patsanstha Ltd. is offering loans on Islamic principles of Interest Free and trading in Ambajogai. Al-Khair is operating in Ambajogai since 30th April 2004, it is registered under the Maharashtra Cooperative Act 1960.
Since its establishment, Alkhair is engaged in providing Interest Free loans in Ambajogai to support new businesses, unemployed youths, womens and skilled people irrespective of their caste, gender and religion. Due to its significant impact, today people in Ambajogai are avoiding interest-based loans of banks, Financing companies, Bachat Gat and money lenders etc.
AlKhair is a professionally managed cooperative. We have trained staff, advance technological infrastructure, we are extra cautious in financial prudence and legal obligations and we are affiliated to state level and national level sectoral organization. Alkhair has been awarded continuously “A” grade audit certificate by Maharashtra cooperative department. Sahulat Microfinance Society, a national organization for facilitation and promotion of Interest Free Cooperative Credit Societies has awarded Alkhair with ‘IFCCS Sector Award 2019’ and appreciated the Alkhair services.
You are welcome and requested to join hands with AlKhair to be a part of struggle for interest-free society and expand the financial services to the poor and needy people.
