Mumbai: In a significant step towards economic empowerment, Janseva Cooperative Credit Society Limited organized a grand event to distribute interest-free loan cheques to members of Self-Help Groups (SHG). Women from areas like Goregaon and Mumbra actively participated, receiving financial aid designed to encourage self-reliance and uplift underprivileged sections of society.
Dignitaries Grace the Occasion
The event was honored by the presence of Mufti Barkatullah, a prominent Islamic scholar and member of the UK Fatwa Committee. Also in attendance were Dr. Rahmatullah, Chairman of Janseva Cooperative Credit Society, and Shaikh Mohammad Saleem, National President of the Federation of Indian Trade Unions.
Mufti Barkatullah’s Inspiring Address
Addressing the gathering, Mufti Barkatullah underlined the virtues of giving, saying, “A giving hand is better than a receiving one.” He emphasized the importance of avoiding interest-based transactions and adhering to Islamic principles to achieve economic stability. He also encouraged attendees to support others once their own needs are met.
Promoting Social Cooperation
Shaikh Mohammad Saleem, the National President of the Federation of Indian Trade Unions, highlighted the transformative potential of the SHG loans. He stated, “These loans are a form of social cooperation, provided based on mutual guarantees. The primary goal is to empower weaker sections, especially women, to achieve economic independence.” He further added that such initiatives build trust and foster cooperation within the community.
Prayers and Guidance
The event concluded with special prayers led by Mufti Barkatullah, who sought relief from debt for the attendees. He also addressed their queries and provided valuable guidance on financial management and ethical practices.
Towards a Sustainable Model of Empowerment
The initiative by Janseva Cooperative Credit Society Limited marks a revolutionary step towards interest-free lending, combining financial aid with awareness on self-reliance and social stability. The program sets an example of how cooperative efforts can bring hope and empowerment to underprivileged communities, serving as a model for similar initiatives in the future.
