JanSeva Chennai Branch Launched – Interest Free Credit Society – Loans

Jan Seva Chennai branch was launched at a gala function in Preston International College building in Chennai on  22-1-11.

Jan Seva

Jan Seva

Jan Seva ( www.janseva.in ) a Cooperative Credit Society Ltd registered with Govt of India under Multi State Cooperative Societies Act 2002 has been functioning successfully in other parts of India including Mumbai and Vaniyambadi.

Jan Seva takes inspiration from economic guidelines given by Quran and Sunnah, and practices a interest free model, where risk and reward are both shared by donor and also the acceptor who in essence are also cooperative society members.

The launch function was well attended by the elite of the muslim community including businessmen, muslims organizations, financial providers like WealthCity etc. Arrangement was also made for muslim women.

After the opening qirat by Sheik Omar Khan Madani, brother S.Ahmed Meeran, owner Professionl Couriers gave the welcome speech introducing all the speakers, where he stressed the need for interest free economic model keeping in view the explicit warning seem in Quran and Sunnah for those who deal in Riba or Interest. Brother Ahmed Meeran is also the one of the Directors of Jan Seva and president of local Chennai branch.

His introduction was followed by Dr.Rahamatullah, Chairman, JanSeva speech where he detailed how JanSeva function and activities it is involved into. He highlighted the fact that 77% of Indian population has no access to organized financial system, and also reminded the spate of suicides linked with micro finance institutions recently, where organizations have taken advantage of this lacuna to exploit the poor and the needy with exorbitant interest rates.

He also clearly stressed that this Janseva service is open to all Indian irrespective of religion o caste or creed and also that JanSeva is not a Charitable organization but a Social Business on self sustaining model based on profit/loss and ethics.

He explained in detail how risk management strategies adopted by big banks and rbi are in a smaller scale adopted by JanSeva, so that members can have professional management and how janseva works as a micro bank itself on its own. JanSeva also provides both secured and unsecured loans to its members ranging from 2000 to 51 lakhs he pointed out and as laid out in their info flyer.

He was followed by Brother Dr.Jawahirullah President TMMK, who spoke eloquently and highlighted the need for these kinds of initiatives to be taken for the economic upliftment of muslim community.

Later H Abdur Raqeeb, Secretary, Indian Center for Islamic Finance, highlighted the need to bring in Islamic Finance and Banking in India. He pointed out that in almost all major countries Islamic Banking is operational and govt have legalized it and in countries like Malaysia about 40% of depositors are non muslims, hightiting the fact that Islamic Banking will be beneficial to all.

He also detailed the meets he had with Finance Minister Pranab Mukarjee, Salman Khursid, RBI personals etc and other muslims leader to take up the cause of Islamic Banking forward.

The chief Guest of the function Mr.Macca Rafeeb of Farida group, President South India FICCI,( who has also been awarded Padma Shri) stressed the need for muslims to take initiatives on their own and not get isolated from the main stream. He pointed out that during apartheid many black had left educating their children etc and due to the consequence of it even today they are a generation behind the other communities. He pointed out the muslims in south Africa had educated their children gotten involved in financial activities etc and in almost all major business courses commercial establishments we can see Indian in South Africa occupying high positions.

He stressed the need to take example from it and for muslims to form self help group, NGO or credit societies for financial upliftment of the muslims.

A brief question and answer session followed and vote of thanks given by Jiffery Qasim who is the Treasurer of the Chennai branch of JanSeva.

A call was also made to all Muslims to join as members and invest through JanSeva buying shares etc so that the poor and the needy can be benefited.

Even though it was a small initiative it hold the platform and potential for larger interest free financial institutions of the betterment of muslims community and other at large.

Ajmal

WealthCity / MuslimVoice

Chennai

61 thoughts on “JanSeva Chennai Branch Launched – Interest Free Credit Society – Loans

  1. Assalaamu Alaikkum
    I am working as an associate professor in a muslim college in Tamilnadu. When searching the net for interest free banking to get home loans, i came to know about Janseva. What is the procedure to join Janseva ? send investment details. will it be possible to get loan for buying or building a house ? pls reply with details

  2. assalamulikum iam working in private sector I want to get intrest free

    loan for my home extention I want to know the procedure please send the

    details by mail and contact mobile no. of the responsible person

    • assalamulikum iam working in private sector I want to get intrest free
      loan for my home extention I want to know the procedure please send the
      details by mail and contact mobile no. of the responsible person

  3. Assalaamu Alaikkum
    I am riyaz.i am working civil engineer in Tamilnadu. When searching the net for interest free banking to get home loans, i’ll come to know about Janseva. What is the procedure to join Janseva ? send investment details. will it be possible to get loan for buying or building a house ? pls reply with details.plzz contact me
    my mobile number

  4. Asalamu alaikum
    i am dr.nizar. i am a dentist by profession. i want to set up a new clinic in trichy. i need help through your janseva. i need a loan without interst..pls guide me insha allah Allah wil reward you….jazakallah khair

  5. Assalaamu Alaikum

    I am Abdur Raoof M from Chennai. I am working as a software engineer in Chennai. I am planning to start a new business in Chennai and searching for a interest free loan. I want to know the procedure followed in JanSeva. Can you please send the details by mail.

  6. assalamulikum

    iam working in private hospital I want to get intrest free loan for home extention.
    how to apply what is the details…pls guide me….jazakallah khair

  7. Assalamualaikkum

    I am working as a mechanical engineer in tamilnadu, I required interest free loan to built for home. Awaiting for your reply.
    Thanks
    Mohamed

  8. Assalammu allaikum

    Jazakhallah for your initiative

    I would like to have islamic finance for building house . Please let me know the procedure.

    Jaffer Sadiq

  9. Assalam,

    I am Khaleel from Chennai. I am working as Design Engineer Chennai.
    I am looking for interest free loans for construction work.
    FYI: I have availed policies through Wealthcity for longterm and shortterm
    Please contact me @ .

    JazakaAllah

    Thanks
    Khaleel Z

  10. நகை உள்ளவர்களுக்கு தான் பொருளை வாங்கி விட்டு பணம் கொடுக்குறீர்கள், பணம் இல்லாதவர்களுக்கு? தொழில் திட்டம் இருக்கிறது, அதிகப்படியான பணம் இல்லை, அவர்களுக்கு ?

  11. Assalamu Alaikum hi

    I am From Chennai and i am working in private company and i need some money which is free interest for our home development so please contact in my mobile or in my email id and send me the procedure. my mobile number is .

  12. Assalaamu Alaikkum
    I am B.Moideen.i am my own Business as Tours & Travels in Tamil Nadu. When searching the net for interest free banking to get home loans, i’ll come to know about Janseva. What is the procedure to join Janseva ? send investment details. will it be possible to get loan for buying or building a house ? pls reply with details. plzz contact me
    my mobile number

  13. Assalamu alaikum I would like to know about janseva for the financial need on mortgage please do the needful.. My contact no is

    • assalamualykum My name is Adv Shujaullah sheikhwhat is the procedure of joining u as i also want to work for interest free economy jazakallah

  14. Assalamu aalaikum.. I am bathurunnisha in thiruvarur dist. I arranged marriage for my daughter so I need interest free loan plz help me..

  15. I am working as teacher in one islamic primary school with very low salary i am having small land i want to build a house i need loan from janseva what is the procedure for that

  16. Assalamu Alaikum, Im looking for interest free home loan for self construction. Kindly advice me the procedure to avail interest free home loan

  17. Asak, I would need the procedure to join your credit society.
    Also Iam currently working in Gulf ,I have purchased an apartment and I need an interest free credit to close my existing Housing loan which is based on the interest .

  18. Assalamu alaikum. I am In or king in private company, chennai. I need loan for solve my home financial problems. I got 27k salary. Please reply. My mobile no: 8122204741.

    • Assalamu Alaikkum,

      i’m looking for Home loans @ 3 Lakhs… without interest Insha allah i can able to pay 10,000 – 15,000 per month because im not interest to taking interest loans . my Home in finishing stage..

      JazzakkAllah Khair.
      8056622618

  19. I belong from Hindu family…i was doing my business but some people cheat me… Now day I don’t have any assets for security.. No one is helping me to do business again…so please help me .. To do business.. After start business I will pay loan will interest… Please please please… In name of ALLAH …please help me

  20. Assalam Alaikum,

    Need interest free loan to clear my personal credits. Please help me with the procedures i am working in private company call me @9790703487

    Awaiting your good reply.

  21. I have a land in Anna Nagar, Chennai without patta. Can u kindly provide me interest free loan for construction of my house which i can pay back in monthly installments. I draw a salary of 18,000 pm from a pvt organisation. Thanks in advance.

  22. Aslamualaikum,

    “May all reward you, of all your efforts”
    I’m doing, home based garments business, since 4years. I’m looking for the loan to develop my business. if possible, let me know more details …..

    Jazakallahire

  23. Assalamu alaikum warahmatullahi wabarakatuhu. Am working in leather company at periamet. I would lik to start my own business but i dont have any financial support. Many banks are approached me about personal loans but i dont want to go with riba. So pls kindly tell me the procedure. To whom i should contact

  24. AssalamAlaikum Team,

    Just went through your article, Jazak Allah for your initiative. Please provide me your contact details for further discussion.

    Thanks in advance

  25. Assallamu Allaikkum,

    I want to but interest free loan and working in private sector company. kindly tell me whom should i should contact in chennai and mobile number psl.
    Thanks.

  26. Assallamu Allaikkum,

    I want to buy interest free loan and working in private sector company. kindly tell me whom should i should contact in chennai and mobile number psl.
    Thanks.

  27. assalamu va alaikum…..
    i need a interest free loan, …. im working as a teacher…. please send me the procedure for getting the loans…… thank you

  28. Asalamuvalaikkum your scheme is amazing iam a housewife iam doing small textile business in my home itself can u give me loan for development of business? What are the procedure for your loan?

  29. Assalamu alaikum,
    Iam Rafeek from chennai.I am searching for interest free loan.I come to know about janseva.I am in need of urgent fund for my personal needs.so I kindly want your procedure to get interest free loan and contact number,address of the responsible person in chennai.
    Jasakallahair.with gods grace and mercy.
    I am awaiting for your good reply.

  30. Assalamu Alaikum,

    I am an employee in Idea Cellular Ltd. I would like to opt loan 3 lacks on interest free to construct a house. I am ready to surrender land property documents or jewels against loan. Request your support and guidance

  31. Salaam Aalaikum,

    This Initiative seems to be of Extraordinaire gesture, Which proves ” ULTIMATE LOVE WITHIN MANKIND ” and to help the underprivileged and for people who really require Loan with 0 % Interest. All Developed countries are reaping the rewards of Industrialization by lending at almost 0.25 %. We in India have been going through high lending rates due to various Macro and Micro Economic problems within the country. In Todays Economic scenario it is highly Impossible to do Business with Banking rates @ 9.8 To 14 %. Hence ” GOOD HEARTED SAMARITANS ” and Jan seva like Society should help Minorities for their upliftment, Which in return will reward the entire mankind. Need to know details of Jan Seva and how to proceed with loan procedure.

  32. Dear Sir/Madam I am a salaried person with a monthly income of Rs.30,000/-, working for a Private Ltd. Company based at Chennai. I require one lac loan from your organisation. I will provide all necessary statutory documents required by a finance company to offer loan.

    I would be happy if you could process my loan thru any Private Finance on Emergency basis. Pls.call me and speak to me

  33. Assalamualaikum I am a small scale saree business and tailoring in my house pls my business development so I want free interest personal loan pls send me details I’m from Tamil nadu

  34. Assalamu Alaikum, I am Mohamed Javid working in a private company earning monthly 14000/- I am getting married next month i have arranged enough money but few is lagging i request yo to kindly provide me loan amount of Rs.20,000 i will pay monthly an amount from my salary.
    Jazaak Allah….

  35. Dear sir.,
    Assalamu alaikum varh.
    I’m Mohd Faizal from Tirunelveli.i ve working as a Eletrical supervisor in oman past one and half year,when searching for interest loan i got your address. Nd i need interest free for my sister marriage so plz send msg with details and procedure for the same.
    Thank
    -Faizal

  36. Asalaam alaikkum,
    Iam studying physiotherapy in Srm college at chennai.My father is a former.He want intrest free gold loan for starting an agriculture.so kindly help me to get intrest free gold loan… its very essential…plss help me…

  37. Assalamu alaikum,

    I need to pay money for my education debt. I need a interest free loan asap. I request you to provide me loan. Please contact me in 8971949192

  38. Sir good evening my name is Avinash I need some money to clear my loan monthly 3000 rs I will pay u sir I need 50000 rs please help me sir

  39. As salam alequm i am shakeel syed working as civil engineer in saudi arabia and looking for interest free home loan for buying a flat in mumbai. Can u help me i this and tell me the procedure for loan

  40. Assalamu Alaikum, (varh) Dear
    I am From Thanjavur District and i am working in private Group of company Dubai. and i need money which is free interest for our Build a new home. so please contact in my email id and send me the procedure.

  41. Assalamu Alaikum, Im looking for interest free home loan for self construction on a plot, that can be mortgaged. Im a Government employee. Kindly advice me the procedure to avail interest free home loan.

    regrds,
    Sohel Mirza
    08007575393

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