Qard al-Hasanah and Financial Empowerment Office

Qard al-Hasanah and Financial Empowerment Office

Focusing on poverty eradication, job creation, housing provision, and medical assistance for the underprivileged, Alavi Foundation carries out the following:

  • Securing and expanding financial resources through:
    • National budget provisions
    • Leveraging the foundation’s resources in the banking system
    • Utilizing targeted facilities, provincial funds, charitable donations, and coordination with executive agencies
  • Coordination with operational banks to resolve issues faced by applicants
  • Designing platforms for in-person and online loan services
  • Development and use of modern Islamic financial models and tools
  • Development and use of new socioeconomic credit scoring models

Achievements and transformational steps from March 2024 to 2025: 

  • Issuance of 4,153 Qard al-Hasan loans for housing and medical purposes
  • Signing MOUs with Sina Bank and the Entrepreneurship Fund of Hope
  • Securing employment-generating credit facilities through provincial planning
  • Acquiring credit facilities mandated by the Islamic Consultative Assembly