Recently our team member Beenish Mahmood interviewed Fawad Ahmed from Beneficent.
Beneficent is a non-profit, 100% volunteer-run organization committed to economic empowerment via interest-free debt relief.
They provide compassionate lending to uplift individuals with interest-free loans to cover payments, such as but not limited to, credit card bills, payday loans, or outstanding fees as a result of recent job loss. They also exist as an educational institution dedicated to empowering individuals with personal finance fundamentals and discouraging overreliance on debt, rather than simply providing a short term solution to an ever-growing problem in our society – heavy debt burdens worsened by compounding interest, resulting in a debt trap.
They use ethical principles from Islamic finance which aim to replace interest-based loans to prevent the burden on the indebted and end the debt cycle. They aim to empower Canadians to build strong networks and encourage self-reliance in a communal setting. They are committed to serving those in need, irrespective of religion, creed, or background. THey believe this service is not only important, but necessary, and we appreciate the support we receive from all those who are involved in our cause.
Here is a video of the interview:
About the Interviewer:
Beenish Mahmood is a member of the contributors team for MuslimMoms.Ca. She is an Administrative professional with years of experience working with children with special needs. She also volunteers at Literacy South Halton tutoring adults with Down Syndrome and Learning Difficulties. Outside of work, she enjoys reading, travelling, and serving the community.