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In the Name of God بسم الله
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imajen

Islamic Funding For Business Startup

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Assalamu Alaykum everyone-

 

I live in the United States and would like to open a modest clothing store. For the most part I have to order my clothing online in order to find loose, comfortable, nice looking islamic clothing. Other people I know have the same problem of finding modest clothing in stores including non-muslims who want to dress more conservatively. Clothing is the first phase but would eventually like to expand to some other ideas I have.

 

I am in the process of writing a business plan and compiling information on everything else that goes into starting a business: location, store set-up, merchandise etc.

 

The biggest hurdle thus far is financing. I am hoping there are individuals on this forum who can contribute ideas on securing islamic financing. The start-up cost of something like this is estimated at $50,000. There are a couple of business that provide interest free islamic business loans but you have to have experience in running a business which I do not. There is kiva.org, gofundme.com but the only problem is not knowing if the money given by a person was earned in a halal way. Any information given is appreciated, shukran!

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