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Islamic Relief started working
in Pakistan in 1992 and was
registered in 1994 as a Company
Limited by Guarantee under
Section 42 of the Companies
Ordinance, 1984. Since its
inception the office has
successfully implemented many
relief and development projects
in the sectors of Water &
Sanitation, Health, Education,
Income Generation, Disaster
Preparedness & Response and
Orphans support in Pakistan and
Azad Jammu & Kashmir (AJ&K).
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Donor Agency : |
Islamic Relief - Head
Quarters |
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Implementing Agency : |
Islamic Relief -
Pakistan |
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Project Location : |
Naseerabad, Rawalpindi |
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Beneficiaries : |
2000 Population |
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In 2001
Islamic Relief initiated a micro
credit project in Naseerabad,
Rawalpindi. The aim of the
project was to help orphans
through provision of credit
based on Islamic modes of
finance to widows or guardians
of orphans. Following an
evaluation the eligibility
criteria was broadened to
include everyone.
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To provide credit to low income
groups so that they can
establish a sustainable source
of income. |
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 Provision
of commodities to clients using
Murabaha |
Enterprise
Development training
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Below is the year wise
summary of the achievements
since the start of the project. |
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During the year 2002, the 83
families have been provided with
working capital for new and
existing businesses under
Murabahah transaction. Total
worth of Murabahah Transactions
are Rs.845, 602. The below table
shows the details of
quarter-wise Murabahah
transactions.
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Descriptions |
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1st Quarter |
1st Quarter |
1st Quarter |
1st Quarter |
Total |
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Total Murabahah
Transactions |
Nos. |
11 |
21 |
21 |
30 |
83 |
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Total Male Clients |
Nos. |
8 |
18 |
20 |
26 |
72 |
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Total Females
Clients |
Nos. |
3 |
3 |
1 |
4 |
11 |
| Cost
Price of Goods
Disbursed |
Rs. |
81,320 |
191,979 |
186,307 |
245,062 |
704,668 |
| Sale
Price of Goods
Disbursed (20%
profit) |
Rs. |
97,584 |
230,375 |
223,568 |
294,075 |
845,602 |
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Chart A |
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The target for the year was 150
families and the team managed
135 cases. Among 135, 114 of
them were male borrowers and
only 21 were female borrowers.
The percentage of male borrowers
is very high as compare to
females because mostly the
earning responsibility is on
male member of the family and
females have domestic
responsibilities in our targeted
area. So mostly male members
manage the businesses and earn
the money for their family.
Female borrowers are mostly
widows or those who have no one
else in the family to earn for
them for their needs. The detail
of activities is given below:
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Serial |
Description |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Total |
| 1 |
Murabahah
transactions |
9 |
11 |
6 |
17 |
6 |
14 |
11 |
7 |
11 |
13 |
15 |
15 |
135 |
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No
of male borrowers |
8 |
6 |
6 |
16 |
6 |
12 |
10 |
7 |
9 |
9 |
11 |
14 |
114 |
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No.
Of female borrowers
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1 |
5 |
0 |
1 |
0 |
2 |
1 |
0 |
2 |
4 |
4 |
1 |
21 |
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The target for the year was 300
families and the team managed
310 cases. Among 300, 285 of
them were male borrowers and
only 25 were female borrowers.
The percentage of male borrowers
is very high as compare to
females because mostly the
earning responsibility is on
male member of the family and
females have domestic
responsibilities in our targeted
area. So mostly male members
manage the businesses and earn
the money for their family.
Female borrowers are mostly
widows or those who have no one
else in the family to earn for
them for their needs. The detail
of activities is given below: |
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Serial |
Description |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Total |
| 1 |
Murabahah
transactions |
24 |
18 |
33 |
21 |
27 |
30 |
29 |
21 |
29 |
29 |
19 |
30 |
310 |
| 2 |
No
of male borrowers |
23 |
15 |
29 |
21 |
27 |
29 |
27 |
18 |
25 |
24 |
18 |
29 |
285 |
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No.
Of female borrowers
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1 |
3 |
4 |
- |
1 |
1 |
2 |
2 |
4 |
5 |
1 |
1 |
25 |
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The details of Murabahah
transactions made during the
year was shown by below table |
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Murabahah
Transactions |
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Month |
Maharajah Cases
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Cost Price Of
Goods |
Sale Price of
Goods |
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At Naseerabad |
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January |
18 |
227,168 |
272,601 |
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February |
19 |
220,782 |
264,938 |
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March |
28 |
319,512 |
383,414 |
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April |
21 |
304,095 |
364,914 |
| May |
23 |
314,051 |
376,861 |
| June |
23 |
320,856 |
385,027 |
| July |
10 |
127,670 |
153,204 |
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August |
26 |
297,116 |
356,539 |
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September |
22 |
309,894 |
371,873 |
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October |
31 |
421,545 |
505,854 |
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November |
8 |
95,457 |
114,548 |
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December |
29 |
529,654 |
593,212 |
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At Bangash |
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December |
8 |
89,990 |
100,789 |
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Total |
266 |
35,77,788 |
42,43,774 |
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The table shows that during the
year under review total 266
Murabahah transactions were made
which was classified as cost
price of Murabahah transitions
i.e. Rs. 35,77,788 whereas sale
price of Murabahah transactions
was Rs. 42,43,774 |
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