How could your car be sold interest-free?
We tried it first with our founder’s own car. Here is what he learned, in five short steps.
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You want to sell your car.
You would like the buyer to pay you monthly, with nothing added to the price.
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The honest question: alone, who stands behind you?
If the buyer cannot pay, if he damages the car, or if he breaks the deal — who helps you get your money back? Alone, no one. Alone, it does not work.
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Together, all of us do.
Each of us sets aside an amount as a waqf — or makes the car itself a waqf. The waqf is invested through this platform, and its yield is what can stand behind a seller and help anyone hit by a calamity.
The more of us take part, the more it can do. Nothing here is a promise of what it will cover.
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Allah’s words first.
مَّن ذَا ٱلَّذِى يُقْرِضُ ٱللَّهَ قَرْضًا حَسَنًا فَيُضَـٰعِفَهُۥ لَهُۥٓ أَضْعَافًا كَثِيرَةً ۚ وَٱللَّهُ يَقْبِضُ وَيَبْصُۜطُ وَإِلَيْهِ تُرْجَعُونَ
Al-Baqarah 2:245
Who is it that would loan Allāh a goodly loan so He may multiply it for him many times over? And it is Allāh who withholds and grants abundance, and to Him you will be returned.
Meaning in English: Saheeh International (QuranEnc.com, v1.1.2)
مَّن ذَا ٱلَّذِى يُقْرِضُ ٱللَّهَ قَرْضًا حَسَنًا فَيُضَـٰعِفَهُۥ لَهُۥ وَلَهُۥٓ أَجْرٌ كَرِيمٌ
Al-Hadid 57:11
Who is it that would loan Allāh a goodly loan so He will multiply it for him and he will have a noble reward?
Meaning in English: Saheeh International (QuranEnc.com, v1.1.2)
Allah needs nothing from any of us. Whatever we give or lend — sadaqah, zakat, a goodly loan — none of it reaches Him; it all comes back around among ourselves.
What we offer to Allah, we offer to each other.
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The goal: free loans for everyone.
By reviving a practice that was abandoned — lending to Allah by lending to each other — free loans can be open to everyone who needs one.
And if your faith is another: help others without asking any reward or benefit for yourself — for the good of the whole community.
Where do you start?
On qardon.org, as a waqf in your own account.
On qardon.org, choose “Property waqf”, then “Car”.