The idea of transforming the culture of cooperation and solidarity among MUSIAD members into an institutional structure and facilitating the trade of our merchants led to the emergence of the MUSIAD Fund.MUSIAD Fund has brought the concept and principles of “Karz-ı Hasen”, one of the beautiful values of our civilization, to the agenda of today’s business life, and institutionalized the institution of cooperation and solidarity.The main goal of the “Karz-ı Hasen” Fund is to be able to implement this debt relationship commanded by Allah and to ensure that this institution is actively systematized in social life.In this way, it aims to increase the rate of accumulation in our country’s trade, to show solidarity in the difficult days of the trader and to increase the abundance by removing the interest phenomenon, which is one of the burdens on trade, from the trader with the “Karz-ı Hasen” mechanism.1. What is Karz-ı Hasen?Karz-ı Hasen means good debt. In our Holy Book, the Qur’an, in 5 different suras; Karz-ı Hasen, which is mentioned in the 20th Verse of Muzzammil Surah, the 245th Verse of the Surah Al-Baqara, the 12th Verse of the Maide Surah, the 17th Verse of the Surah Tegabun, and the 11th and 18th Verses of the Surah Hadid, is expressed as a beautiful loan given to Allah. Hz. Karz-ı Hasen, which has an essential place in the roots of our civilization in the period of the Prophet, 4 Caliphs, Andalusia, Seljuk and Ottoman, and therefore cannot be maintained as an institution in practice, is a social phenomenon. Karz-ı Hasen, which is distributed in safe hands with justice, is an institution that can be instrumental in the improvement of corrupt society life.Karz-ı Hasen is to provide the debtor with the amount that will meet his needs in order to stay away from haram and not to get involved in haram, without interest and just for the sake of Allah. MÜSİAD Karz-ı Hasen Fund was established in line with the necessity of developing and supporting the Karz-ı Hasen application, which is on the right path, in order to develop halal trade by avoiding the interest-bearing transactions that enter every area of our lives today.2. What is the purpose of MUSIAD Karz-ı Hasen Fund?Karz-ı Hasen Fund was established to provide a culture of cooperation and solidarity among individuals who are members of the Independent Industrialists’ and Businessmen’s Association. Its main goal is to be able to implement this debt relationship commanded by Allah and to ensure that this institution is actively systematized in social life. In addition, it has adopted the principle of helping the spouse and children of the deceased member, taking care of all their social and cultural needs, and ensuring the protection of their rights and interests. Meeting the needs and other goods and services of the members, and providing gratuitous aid to the members or the spouses and children of the deceased members are among the objectives of the Fund.3. Who Can Become a Member of the Ballot?Our members who are members of the Independent Industrialists’ and Businessmen’s Association can become members of the Karz-ı Hasen fund. In this context, the main and youth board members of the association can become ballot box members. Chest membership is optional. Persons who are not members of the Association will not be able to become members of the Fund. In order to become a member of the Fund, first of all, it is necessary to be a member of the association and to apply to the Board of Directors with the Fund Member Application Form.One of the full members of MUSIAD;• 2,000 TL is taken• 1,000 TL entry membership fee• 1,000 TL annual feeOne of the members of MUSIAD youth board;• 1,000 TL is taken• 500 TL entrance membership fee500 TL annual fee(The entrance fee and annual fee are re-determined by the ballot box board of directors each year.)4. What are the Funds Created within the Fund?Four funds, namely Karz-ı Hasen Fund, Individual Karz-ı Hasen Fund, Social Assistance Fund and Zakat Fund, were established within the body of the Karz-ı Hasen Fund.1. Karz-ı Hasen Fund, 70% of the membership fees and annual fees of the members of the association are collected in this fund. The money in this fund is loaned to those in need who are members of the fund. The member borrowing from the ballot box pays back the amount he has received at the end of the period to be determined by the Fund Management.2. Individual Karz-ı Hasen Fund consists of debts given by persons who are members of the ballot box or not. Dues paid regularly by the members of the association are not evaluated in this fund. The borrower from this fund will pay back to the fund the amount he has received at the end of the period determined by the fund management or the lender. The amount paid by the fund is reimbursed to the lender at the end of the specified period.3. Social Aid Fund, 25% of the membership fees and annual fees of the members of the association are collected in this fund. Members of the ballot box and, in case of death, their spouses and children can benefit. No refund will be received from those who will benefit from this fund. In other words, the aid made from this fund is free of charge.4. The Zakat Fund consists of donations made by any legal or real persons who are members of the ballot box or not. Dues paid regularly by the members of the association are not evaluated in this fund. Only Islamic Fiqh Boards are included in this fund.Help can be given to people who meet the conditions of receiving zakat at home. No refund will be received from those who will benefit from this fund. In other words, the aid made from this fund is free of charge.WHO BENEFIT?From the Karz-ı Hasen Fund; Members of the Karz-ı Hasen fund who have completed one year benefit.From the Social Assistance Fund; Members in need benefit from their spouse and children free of charge in case of the death of the member.From the Individual Karz-ı Hasen Fund; Members in need benefit from the loan given to this fund within the framework of general karz-ı hasen conditions.From the Zakat Fund; Persons who meet the conditions of receiving zakat benefit from the conditional donations given to this fund.What are the obligations of the members?Members of the Fund accept and undertake that they will pay their dues on time and that they will not act contrary to the purpose of the Fund. As long as the members exist within the Fund, they will not have any attitudes or behaviors contrary to the existence of the Karz-ı Hasen Fund.