Janseva: Interest Free Finance and Investments

Janseva: Interest free Finance and Investments

                     A meeting was held at Office of Jamaat-e-Islami Hind,Beed regarding Janseva Co-operative Cash Credit Society Ltd.The aim of this Co-operative society is to promote interest free finance and investments.The meeting started with verses of Quran by Maqdoomi Hisamoddin,Nazem-e-Zilla,Beed.After  that Mr.Shafeeq Hashmi delivered a informative lecture on zero interest(interest free) finance and investments.By giving reference of Quran and Hadith he proved how interest free system will be best for Muslims as well as non Muslims.

                    Regarding Janseva society he said that this co-operative society is registered under Multi state Co-operative Societies Act 2002(39 of 2002) vide no MSCS/CR/375/201 0 and has permission in 12 major states of India, namely Maharashtra,Karnataka,Madhya Pardesh,Chattisgarh,Andhra Pardesh, Tamil Nadu,Orissa,West Bengal,Bihar,Uttar Pardesh,Delhi and Rajasthan.The society has resolved to conduct it self and operate on zero interest and Shariah compliance basis in its all financial transactions.He further said that membership for general member is 100 rupees and for share holders Rs. 1110 per unit(one unit= 10 shares).To open a branch of Janseva Multi state Co-operative Cash credit Society  Ltd. minimum of 375 shareholders and 1500 general members are required.

                       In this meeting Iftekhar Zakee(Majalgaon), Mastan sir(Milliya Junior College, Beed) and many Lecturers,teachers,professionals and businessmen were present.

Similar type of meeting was held in Majalgaon at Abdul Gaffor Masjid on 2nd August 2010 after Magrib namaz.In which Maqdoomi Hisamoddin,Shafeeq Hashmi and Mastan sir were specially invited from Beed.

In this meeting teachers,businessmen and many other people were present in large number.The meeting started with verses of Quran by Maqdoomi Hisamoddin.After this Mr.Shafeeq Hashmi delivered a lecture on "Interest free finance and investments" and given introduction of Janseva Co-operative society.This meeting ended with thanks of Iftekhar Zakee sahab.