We are the legacy of the first Ansar Community! so why is that:

we as an organization embody the spiritual essence of the Helpers in Madina hundreds of years ago

Love for everyone

In our community we share our love with everyone. Our leaders made sure every dogs and an all animals were taken care of and that’s the attitude we bring. We care about everyone.

United

We were different tribes of many colours, race and religions United as one for truth, justice and a fair economy. Today welcome everyone to join us to help each other become strong.

Adoption

info to follow

Love for the devine

We owe and show greafulness to God and to our leader who showed us the right and fair financial system. To our beloved leader called Muhammad, to whom we send our praise and salutations. 

Devine financial system

info to follow

Proven track record

For hundreds of years we have been trading and dealing with money without usury. Our website aims educate about this factor and how relevant we are today.

Meet our Amazing Team!

Our Ansar is a family of volunteers, only 2 to 3 people are employed at the office, the rest are involved because of our passion and love. So keep a look out on this page as more details of everyone at Ansar will follow soon. 

Ali Akbar Mohammed

Ali Akbar Mohammed

Volunteer, Ansar Trustee

There will be more information about our team to follow soon.

Mohammad Rafiq

Mohammad Rafiq

Volunteer, Ansar Trustee

There will be more information about our team to follow soon.

Usman Malik

Usman Malik

Volunteer, Ansar Trustee

There will be more information about our team to follow soon.

Ansar Trustee

Ansar Trustee

Volunteer

There will be more information about our team to follow soon.

Abid Ahmed Satwilkar

Abid Ahmed Satwilkar

Volunteer, Ansar Trustee

There will be more information about our team to follow soon.

Naseer Nazar

Naseer Nazar

Volunteer, Ansar Trustee

There will be more information about our team to follow soon.

Adeel

Adeel

Volunteer

There will be more information about our team to follow soon.

Ansar Trustee

Ansar Trustee

Volunteer

There will be more information about our team to follow soon.

Anjum Zulfiqar

Anjum Zulfiqar

Volunteer, Ansar Trustee

There will be more information about our team to follow soon.

Ma'asoom Ahmed Mahmood

Ma'asoom Ahmed Mahmood

Volunteer, Ansar Trustee

Msc Islamic Banking and Finance (Merit), BA (Hons)Accounting and Fin International Business, HNC Business Administration Accounting, CPAA

Ansar Trustee

Ansar Trustee

Volunteer

There will be more information about our team to follow soon.

Matloob Hussain

Matloob Hussain

Marketing & Online Development

Specialist in developing strategies for ansar to suceed online through all digial media.

Homes Purchased

Loans Given

Amazing Donors

Frequently Asked Questions:

Why Ansar Finance?

Ansar Finance is an Islamic Initiative established in 1994 to provide and to promote the awareness of “Halal” financial borrowings and investments among the Muslim community of U.K.  The aim of the initiative is to establish an Islamic finance facility, operating within the principles of Islamic Law (Sharia), which will provide its members an alternative to Interest (Riba) related transactions in all types of financial matters. (i.e. personal loans, overdrafts, car purchase facilities, insurance(takaful), student loans, business loans and house financing.It will also provide Halal investment opportunities.) Ansar Finance Ltd specifically deals with Interest (Riba) free personal loans. This facility is exclusive to its members only. Ansar Finance Ltd is also a “non profit making organisation“.

What is Ansar Finance?

If you are a Muslim then you will be keen to avoid interest whenever you can. Until now there has not been anyone to help you along that route, even in a small way. The religious condemnation of interest be it on personal, business loans or on mortgages has made it vital that a facility is created that will allow interest free loans to be made available.

Many brothers and sisters face financial hardships and are forced to take bank loans involving interest or alternately resort to borrowing from friends. This, in turn, puts a financial burden on their friends and an emotional burden on their friendship.

In the vast majority of cases, many who borrow from their friends often find they are unable to pay back the loan when promised, causing a strain on all concerned. The trouble is that most people try to pay back all in one go.

And as anyone who has borrowed knows, this is extremely difficult to do because as a small amount is saved up something happens and what has been saved, needs to be spent.  The promise to pay back in one year gets put off to two years than three years and sometimes much longer.  Therefore it is vital that a facility is set up which organises the loan ensures that repayments are made regularly and efficiently. Hence the formation of Ansar Finance Ltd.

Is there a need for usury free finance?

If a friend came to you and asked to borrow £2000 would you lend it to him? If yes then would you lend to a second friend that asked and then a third and a fourth? Of course you will not be able to lend to everyone even if you wanted to.  Besides this lack of money not everyone has friends or relatives who have spare cash to lend to even one person.

Some people think that if you don’t have then you should not spend and so the question of borrowing should never arise.  However, this is too idealistic because it is not simply extravagance that forces people to borrow. In many cases people have genuine reason to borrow. i.e. if an accident occurs to your car or property where it is important to deal with it quickly and not enough saving is around to meet the required cost, if an emergency trip abroad is needed, if a job has been lost and a person wants to start up in business requiring funds, if a person is working but would like to buy a house and does not have £50,000 in cash etc.

Some people say that it is OK. to deal with banks and building societies for mortgage because we are living in a non-Muslim country. Whether it is acceptable or not we think that everyone will agree that if it can be avoided then it is best. But how can it be avoided if an alternative does not exist. Precisely the point – let us establish an alternative and avoid the problem. Muslims have already solved other problems, which needed solutions.

Halal food was needed so it was made available, congregational prayer needed to be performed so mosques were built,

women needed medical treatment so female doctors were found, children needed Islamic teaching so madarassa were established even Muslim schools are now being established.

In the same way Islamic finance facilities are needed so that Halal investment and interest free loans can be available.

If this facility is not provided, then people will continue to use the next best thing, which in all these cases will mean some involvement with INTEREST. This means we will always be compromising with our religion. Then why bother with Halal food and drinks, Mosques, women doctor, madarassas and Muslim schools.

Muslims are required to pray in congregation and so the community set up mosques. Muslims are required to stay away from dealing in interest therefore the community has an obligation to set up an interest-free loan facility.

As the mosques will be used by Muslims now and in the future and so be a source of Ajar (reward from Allah). Interest-free loan facility too will be used by Muslims now and in the future and hence also be a source of Ajar for those who help to set up this vital and urgently needed facility.

If The Ansar Finance can help to alleviate this problem from our lives then it is one more step towards complying with the commandments of Allah and the teachings of His Prophet Muhammad (pbuh). So be a part of this important and exciting project for the Muslim Community.

Previous Projects

Ansar Previous Projects:

Ansar Shares

Members of Ansar Finance were allocated with one complimentary “Class-B” ordinary share Ansar Housing Ltd. Then as a member you were eligible to participate in its house finance and preference share purchase facility.

The product was based on the model adopted by the Islamic Co-operative Housing Corporation Limited of Toronto, Canada. The model was modified to suit the Muslims in Britain. Several leading authorities were consulted. The model abided by the taxation and legal framework of Britain.

Ansar Housing

So how could Ansar Housing help people buy their “Dream Home” Free of interest (usury)

Shared Ownership Scheme (S.O.S)

Increased Ownership – Decreasing Rent

The Ansar member wishing to buy a house or re-finance his existing interest-based mortgage is required to first invest his savings (buy shares) in the institution for a certain length of time. Afterwards, on fulfilling all the requirements of the institution, he is authorised to locate and negotiate the purchase of the house.

The institution pays cash for the house and obtains legal title in its name. At this time the prospective homebuyer transfers his investment in the institution to this house and becomes a co-owner. This process forms a partnership (Mudarabah) relationship with the institution and the individual.

This partnership leases the house to the prospective homebuyer at an agreed rent. According to the terms of the agreement between partners, the individual is committed to purchase the house at a later date. The individual is thus required to increase his ownership of the house over a period of time by purchasing more and more shares in the house from the institution.

During the term of this partnership the individual pays rent for living in the house in proportion to the share ownership of the house. The institution’s share of the rent goes to the institution and the individual keeps his own.

With this proportionate rent saving and other savings the individual can increase his ownership of the house as and when he wants by purchasing more shares of the house from the institution.

With the individual’s increasing ownership of the house the rental payment for the following month decreases in the same proportion.

The individual is responsible for paying for repairs and maintenance. Some expenses of capital nature are shared in a previously agreed ratio between the partners. The house is re-valued when the individual completes the purchase of all the required shares (equivalent to the original cost price of the house).

Any increase or decrease in the value is shared between the partners in some previously agreed ratio. If there is a net increase (Gain) in the value of the house, the individual pays to the institution its share of that gain, and if there is a net decrease (Loss) in the value, the institution pays its share of the loss to the individual. Legal title of the house is then transferred to the individual and the partnership is terminated. The individual is now the full owner of the house

This model is most equitable and fair since both parties share the fluctuation (up or down) in the value of the property in some predetermined ratio. There is no need to guess the future value of the property. There is no prefixed time limit for increasing share ownership providing maximum flexibility to the prospective homebuyer. At the same time the individual enjoys immediate savings in the rental payment in proportion to his increasing investment in the house.

Was there a need for Ansar Housing Limited?

Housing is one of the basic needs of human beings, and everyone desires to secure shelter for his family house has always been and still is a source of family pride and financial security. There has been a steady increase in house prices, due to increase in demand, because of population movement to urban areas. With an increase in demand for cash for other family needs, it has become impossible for individuals and young families to come up with a substantial amount in cash to buy a house.

The thoughts of saving money now to buy later scares many people when they realise that their savings will never be able to catch up with the increase in house prices. With no adequate interest-free house financing alternatives available, many Muslims are forced to follow non-Muslims in obtaining riba-based financing from conventional financial institutions in non-Muslim countries as well as, unfortunately, in many Muslim countries.

As a result of colonisation of Muslim countries there were hardly any alternate sources of financing available to Muslims. Most of the alternatives were limited to the books written by some Muslim scholars with some knowledge of Shariah and modern economics. There was no practical model available anywhere in the Muslim countries that could meet all the challenges of modern business, trade, commercial and economic practices, which could also operate within the prevailing taxation and legal framework.

Unfortunately, for the last 30 years the Muslims in this part of the world have been facing the dilemma, whether to buy a house and indulge in interest or forget about buying a house altogether. Some of us were led to believe that since we have no alternative it is all right to pay interest in this part of the world. Yet others, although well settled economically, still hold the view that, no matter what, indulging in RIBA; is forbidden by Allah (Subhanahu Wa Ta’ala).

While this discussion and debate is still on, some concerned Muslims took this challenge upon themselves to find out if there is an alternative.

Alhamdulillah, due to their genuine concern and dedicated efforts, a number of alternative systems have been developed and various housing projects of very small to big sizes have been started. One particular model has been developed in Canada as a Financial Institution to accommodate a large number of Muslims scattered all over the country. The Ansar Finance is adopting the same model, with modifications to suit the Muslims in Britain, and will run under the name of the Ansar Housing Limited.

Moreover, in this project, we can tackle another important Islamic issue with which we are faced with, which is Interest or Riba. Almost all of us have some savings, ranging from for a short period of a few months to a few years, and in various amounts, for different predetermined purposes and/or unknown contingencies.

We do not like to put these savings in the bank and collect interest that is Haram. At the same time, it troubles us to see that neither we personally are benefiting, nor any other Muslim is being helped with this money. Rather, the big banks take advantage of the Muslim dilemma and on top of all this our money loses its value due to inflation.

Only members of the Ansar Foundation Ltd will own shares (investment) of the Ansar Housing Limited. By putting all of these small savings in investment through some systematic channel such as the Ansar Housing Ltd. every Ansar member will benefit. Therefore, this project provides us an opportunity to invest our savings for any period of time and earn Halal income.

Some people think that if you don’t have then you should not spend and so the question of borrowing should never arise.  However, this is too idealistic because it is not simply extravagance that forces people to borrow. In many cases people have genuine reason to borrow. i.e. if an accident occurs to your car or property where it is important to deal with it quickly and not enough saving is around to meet the required cost, if an emergency trip abroad is needed, if a job has been lost and a person wants to start up in business requiring funds, if a person is working but would like to buy a house and does not have £50,000 in cash etc.

Some people say that it is OK. to deal with banks and building societies for mortgage because we are living in a non-Muslim country. Whether it is acceptable or not we think that everyone will agree that if it can be avoided then it is best. But how can it be avoided if an alternative does not exist. Precisely the point – let us establish an alternative and avoid the problem. Muslims have already solved other problems, which needed solutions.

Halal food was needed so it was made available, congregational prayer needed to be performed so mosques were built,

women needed medical treatment so female doctors were found, children needed Islamic teaching so madarassa were established even Muslim schools are now being established.

In the same way Islamic finance facilities are needed so that Halal investment and interest free loans can be available.

If this facility is not provided, then people will continue to use the next best thing, which in all these cases will mean some involvement with INTEREST. This means we will always be compromising with our religion. Then why bother with Halal food and drinks, Mosques, women doctor, madarassas and Muslim schools.

Muslims are required to pray in congregation and so the community set up mosques. Muslims are required to stay away from dealing in interest therefore the community has an obligation to set up an interest-free loan facility.

As the mosques will be used by Muslims now and in the future and so be a source of Ajar (reward from Allah). Interest-free loan facility too will be used by Muslims now and in the future and hence also be a source of Ajar for those who help to set up this vital and urgently needed facility.

If The Ansar Finance can help to alleviate this problem from our lives then it is one more step towards complying with the commandments of Allah and the teachings of His Prophet Muhammad (pbuh). So be a part of this important and exciting project for the Muslim Community.

Future Projects

Ansar Housing Limited is a long-term project. It recognises that many Ansar Foundation members will not be contemplating purchasing a house in the short term. Ansar Housing Limited also caters for those wishing to purchase a house in the future. When a conscious decision to buy a house is made there is a tendency to begin to save for the big move.

Ansar Housing Limited invites and encourages such individuals to  invest their savings in Ansar Housing Limited. Needless to say all savings invested can be topped up whenever the individual wishes to do so.

The savings invested will receive a return at the year-end. The flexibility of the project allows any investment to be transferred to be a deposit on the house when you wish to purchase the house.

By buying your house under the Ansar Housing Limited scheme will allow you to purchase your  future home without interest.

A simple formula and one that is Islamically approved.

If it had not been possible for you in your life time to save enough ( 20% of required Finance ) to acquire your house with the help of Ansar Housing, your Shares/savings can be transferred to your children to enable them build upon the foundations which was laid by yourself.