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Islamic Micro-finance

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Introdiction

Wasil currently offers four Islamic Microfinance products. Each is a complex vehicle based around the elimination of the payment of interest.

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Murabaha

Murabaha is a straight forward sale and purchase arrangement. The client and Wasil agree the sale of a set of goods. The sale price includes a profit for the seller (Wasil).

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Salam

Particular transaction was allowed by Prophet Muhammed (SAW ) for the poor farmers who required financial amount for cultivation of farms.

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Istasna

Istisna might be described as ‘a partial Sala’m’ in that part of the goods or services are delivered,

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Ijarah

WASIL Foundation uses Ijarah for land Rental , where the organization take land from owner on Rent (thaika) And then give it to microfarmers…

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Diminishing Mushraka

Diminishing Musharaka is Based on Shirkat-ul-Milk.
Diminishing Musharaka refers to a contract where share of one party in a

Wasil

Shariah Advisory Board

Company that offers design and build services for you from initial sketches to the final production.

Board of Directors

We consider all the drivers of change – from the ground up and we’ll motivate and support you to make the change.

Board Committee

Design repeatable growth models and innovation pipelines that generate new products with higher potential and lower risks of failure.Board

Wasil Management

We work buy-side and sell-side and give our clients hard-hitting and objective answers and focus hard on the best opportunities.

Guiding Beliefs

Scheduled transport operations, from broad market trends and strategy to the development of integrated commercial strategies.

"Doing the right thing",
at the right time.

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Total Clients

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Branches

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Case Completed

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Satisfied customers

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Vision

Economic Empowerment through Islamic Micro Finance.

CEO Message

CEO's Message

Our goal is poverty alleviation and financial service is the tool to achieve the overall objective of poverty alleviation. We should all try to achieve the overall objective through tool of financial service and be careful that the tool itself should not become the objective. We should also work for responsible finance ensuring the sustainability of clients.

I appreciate the effort of my team by standing with me in hard times and successfully introducing innovative sharyiah compliant products in the field. I feel proud about my staff who is ready to face every challenge that comes in the way of Islamic finance. The board has been very supportive and source of inspiration in hard times .I am also thank full to Sharyiah Board who has been providing Sharyiah guidance to the Organization .

The growth of our organization is steady and continuous and we are very optimistic about future and there is no looking back .CWCD has successfully obtained company’s license under Section 42 Companies Ordinance 1984 on 22-Februry 2011 under the name of Wasil Foundation.

I would also like to extend my gratitude to Pakistan Poverty Alleviation Fund that supported us to develop these innovative products, and a special thanks to State Bank of Pakistan which helped us in system development.

Funding and Management Information System has remained a great challenge for organization in 2011 especially Sharyiah compliant funding, which we now hope that thing will get better the coming year.

Mrs Farida Tariq

Chief Executive & Founder

Wasil Foundation

Mission

To support the poor break out of the poverty cycle by providing them with Islamic financial services, business development services, advocating their rights, safety nets and skills training.

Need Information?

Would you like to know about our services, products or anything else related to Islamic micro-finance ? Just submit your details and we’ll be in touch. 

Head Office
Kot Abdul Malik Lahore
  • Mr. Sharaz Khan, Malo Wala bazzar masawat coloni kot abdul malik Govt girl high school near post office

  • 0304-0474734

Singh Pura Lahore
  • Mr. Sajjid Yamin, 414 Block ,B-3, Jamia Gousia Masjid Oppsite Park ,Guujjar Pura,China Scheem Lahore.

  • 0308-6807872 - 03234781239

Shahadra Lahore
  • Mr. Saleem Bhatti, H# 03 st# 02 Gulshan Hayyat Park near Iqra Madni School Shahdara Lahore

  • 0321-4581952

Karol Bazar Lahore
  • Mr. Aas Muhammad, H-No-58 ST-No 14 Fasil Canal Bank Point Sachem Near Veena Beauty Parlor Lahore

  • 0307-3067142