The idea of ​​transforming the culture of cooperation and solidarity among MUSIAD members into an institutional structure and facilitating the trade of our merchants has led to the emergence of the MUSIAD Fund.
The MUSIAD Fund has brought the concept and principles of “Karz-ı Hasan”, one of the beautiful values ​​of our civilization, to the agenda of today’s commercial life and institutionalized the institution of cooperation and solidarity.
The main goal of the “Karz-ı Hasan” 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 while implementing it.
In this way, it aims to increase the savings rate in our country’s trade, to ensure that merchants show solidarity in difficult times and to increase abundance by removing the interest phenomenon, which is one of the burdens on trade, from merchants with the “Karz-ı Hasan” mechanism.

1. What is Karz-ı Hasan?
Karz-ı Hasan means good debt. In our Holy Book, the Quran, it is stated in 5 different surahs; In the 20th verse of the Muzzammil Surah, the 245th verse of the Baqarah Surah, the 12th verse of the Maidah Surah, the 17th verse of the At-Taghabun Surah, and the 11th and 18th verses of the Hadid Surah, Karz-ı Hasan is expressed as a beautiful loan given for Allah. Karz-ı Hasan, which has an essential place in the era of the Prophet Muhammad, the 4 Caliphs, the Andalusian, Seljuk and Ottoman periods and therefore in the roots of our civilization, is a social phenomenon that cannot be maintained as an institution in practice at present. Karz-ı Hasan, which is distributed fairly in safe hands, is an institution that can be a means of reforming a corrupted social life.

Karz-ı Hasan is to provide a debtor in need with an amount that will meet his needs, without interest, and solely for the sake of gaining Allah's approval, so that he can stay away from haram and not get involved in haram. Today, the MUSIAD Karz-ı Hasen Fund was established based on the necessity of developing and supporting the Karz-ı Hasen application, which is on the right path, in order to develop halal trade by getting rid of interest-based transactions that have entered every area of ​​our lives.

2. What is the purpose of the MUSIAD Karz-ı Hasen Fund?
The Karz-ı Hasen Fund was established to ensure a culture of cooperation and solidarity among the 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 actively becomes a system in social life while implementing it. In addition, it has adopted the principle of helping the spouses and children of the deceased member, dealing with all kinds of social and cultural needs, and ensuring that their rights and interests are protected. Meeting the members' needs and other goods and services, and providing gratuitous aid to its members or the spouses and children of deceased members are among the goals the Fund aims to achieve.

3. Who Can Become a Member of the Fund?
Our members who are members of the Independent Industrialists and Businessmen Association can become members of the Karz-ı Hasen fund. In this context, the association's full and youth board members can become fund members. Fund membership is optional. People who are not members of the association cannot become members of the fund. In order to become a fund member, it is necessary to first become a member of the association and apply to the Fund Board of Directors with the Fund Member Application Form. From MUSIAD full members;

•    3,500 TL is charged
•    1,750 TL entrance membership fee
•    1,750 TL annual membership fee
From MUSIAD youth board members;
•    1,750 TL is charged
•    875 TL entrance membership fee
•    875 TL annual membership fee
(Entrance fee and annual membership fee are determined by the fund board of directors every year.)

4.    What are the Funds Created within the Fund?
Three different funds have been established within the Karz-ı Hasen Fund: Karz-ı Hasen Fund, Individual Karz-ı Hasen Fund and Social Aid Fund.

1. Karz-ı Hasen Fund, 70% of the entrance fee and annual fee payments of the association members without any compensation are collected in this fund. The money in this fund is loaned to the needy fund members. The member who borrows from the fund pays back the amount he/she has received to the fund at the end of the period determined by the Fund Management.

2. Individual Karz-ı Hasen Fund consists of the debts given by people who are or are not fund members. The regular dues paid by the association members are not evaluated in this fund. The person who borrows from this fund will pay back the amount he/she has received to the fund at the end of the period determined by the fund management or the person who lends. The amount paid to the person who lends is paid back by the fund at the end of the determined period.

3. Social Aid Fund, 25% of the entrance fee and annual membership fee payments of the association members are collected in this fund without any compensation. Fund members and their spouses and children in case of their death can benefit from this fund. No refund will be taken from the persons who will benefit from this fund. In other words, the aids made from this fund are without any compensation.

WHO BENEFITS?
Karz-ı Hasen Fund; Karz-ı Hasen Fund members who have completed one year benefit from it.
Social Aid Fund; Members in need, spouses and children in case of the member's death benefit without any compensation.
Individual Karz-ı Hasen Fund;