Introduction of Islami Karobar
Vision
• Individuals having money/capital should invest the same in business rather than deposit it with banks to earn a predetermined fixed rate of interest
• To create mutual trust between investors and working partners by promoting virtues of truth, honesty, and commitments
• To implement Islamic principles through written and duty-signed documents like affidavit and partnership deeds
• To save the business community from bank loans at high rates of interest leading to hyperinflation making the common man’s life miserable
Mission
• Making business related videos and delivering lectures in educational institutions to motivate young people to start their own business
• Motivating women for home based business like cooking making textile products and tuition centers
• Placement of healthy retired individuals in their relevant business
Values
To earn pure rizq-e-halal through following Islamic values.
• Truth
• Honesty, Integrity
• Transparency
• Mutual Trust
• Commitment
Four Pillars Of Success
• Always speak the truth ( Never tell a lie even jokingly )
• Be honest in money matters ( with parents, friends and employees)
• Always fulfill your promises ( Never default even under odd situations )
• Be polite courteous and self-spoken ( with customers, staff and public )
Disadvantages of Rizq-e-Haram
• Any money earned without hard work is haram
Business Objectives:
Encouraging Educated, Skilled and Unskilled Youth:
Encouraging and guiding educated or skilled unemployed youth to start their businesses and providing them with mentorship.
Assisting Those with Capital to Earn Halal Income:
Assisting individuals with capital who wish to earn halal income in accordance with Allah’s commandments. This is to save the general public from earning fixed interest on their deposits with the banks.
Liberation from Bank Loans:
Offering easy solutions to form partnerships and avoid high fixed interest bank loans. This will reduce costs and cut down the products/services sale prices.
Building Trust and Understanding Between Investors and Working Partners:
Mutual Trust and confidence can be built by clearly defining the rights and duties of each partner in written partnership deeds.
Providing Guidance to Start and Run Business:
Templates of feasibility study of any business are provided. This will show estimates of income and expenditure to show profit or loss for a period.
Establishing Proper Accounting System:
The success or failure of any business depends on maintaining simple, easy-to-understand accounting records.
These faults can be pinpointed and corrective action taken.
Monthly Stock Check and Review of Debtors/Creditors:
New business must check its stocks on monthly loss. It should also review its debtors and creditors to improve its cash flow.
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