09/08/2013
PRESS RELEASE
ACAP SHARIA ANNOUNCES £30,000 QARZ E HASNA DONATION TO AT-TAQWA MOSQUE IN CHADWELL HEATH.
Acap Sharia finance, the UK's first Islamic sharia compliant asset finance company, formally announced its partnership with At-Taqwa mosque in Chadwell Heath on Sunday 4th August by donating £30,000 as qarz-e-hasna to reduce the mosque's debt burden and help free up resources for undeveloped community projects.
The effort is part of a wider programme by Acap Sharia Finance to work closely with mosques, community institutions and local businesses to facilitate greater involvement in community development projects by Muslims in the UK through Islamic finance.
Mosque committee members, together with a full congregation during the Laylatul Qadr Iftar and Taraweeh prayer gathering, heard Acap Sharia founder and managing director, Moshkur Chowdhury, describe the venture as a resounding statement of intent by an Islamic finance company who want to foster deeper unity and fellowship in Muslim communities to find tangible solutions to social and community issues by participating in Islamic finance enterprises.
He added that the time for Islamic Finance to take the helm of sound and sustainable finance is here and Acap Sharia's profitability was a measure of the efforts by the UK government and finance industry experts to recognise the superior credentials of sharia compliant financial services and promote its growth in an industry that is still imperilled by solvency burdens. Concluding, Moshkur Choudhury said Acap Sharia Finance was commited to alleviating debt strains on mosques through constructive partnerships with viable and equitable solutions that benefit the institutions, clients and Acap Sharia Finance shareholders alike and that he looked forward to engaging with many more Muslim organisations in the coming months.
Acap Sharia finance is an asset finance company based in Canada Square, Canary Wharf. They are sharia compliant financiers engaged in lending to SME's and the corporate sector at large. Acap Sharia Finance do no invest in the financial markets, i.e stocks, currency, bond or derivative trading and do not engage in speculative or unsecured lending.
Acap Sharia Finance has strategic partners in Saudi Arabia, Hong Kong, UAE, Ghana and Bahrain. Its UK partners are Islamic Bank of Britain, DVK Group and Pinnacle Finance.
For more information of Acap Sharia Finance, visit our website at www.acap-sharia.com
