In the name of God, Most Gracious, Most Merciful
All Praise is due to God
All Peace and Blessings upon His Final Prophet Muhammad, his family, his companions, and all the Prophets of God.

Types of Applications

Currently you may apply for:
1. Emergency Loan
2. Educational Loan
3. Small Business Loan
4. Institutional Loan
5. Vehicle Loan

Note: since the bulk of our loans are educational, much of this page reflects that; bear with us (and pray for us!), soon each loan category will, God-willing, have its own page. In the meantime, please follow this as a guide to be modified based on the specifics of the other categories.


Before You Apply

Before applying, we kindly advise you to:

A. Renew your intentions and make sincere prayers (duah) in your daily ritual prayers and other blessed times for help and guidance from God.  Pray the prayer of GUIDANCE (ISTIKHARA) and be content with the path God takes you – He wants better for you than you want for yourself. 

B. Think.  Do I really need to get into debt now?

For education loans: a number of applicants seem to jump into post-secondary schooling without thinking things through; tens of thousands of people graduate with degrees annually and do not use them due to many factors.  Before spending tens of thousands of dollars on a post-secondary program, we suggest people honestly ask themselves: why am I pursuing this degree or certificate?  How can I pay for it without falling into interest?  Is this the right time for it or should I put it off for now?  Have you considered other options for work?  There are many resources online about this such as that help people tap into their own potential without needing to rely on the accreditation given by others.

For emergency loans, the person should reflect at the root causes of the emergency, perhaps misuse or mismanagement of funds, perhaps wronging other people – if so, work hard to right those wrongs and seek forgiveness and repent.

For business loans: we are best advised to take our time and not rush – haste is from the devil and we will get our portion of wealth that is destined for us whether we hurry or not.

For institutions, sometimes the major projects are not needed or not wise with other uses of funds of greater priority.

For vehicle loans: sometimes more affordable vehicles have more blessings than more expensive ones.


C. Seek Advice.  There are many scholars, elders, and mentors in our communities who have tremendous knowledge and wisdom and experience.  Talk to a few of them who you trust and value their opinions.  Ask for their sincere counsel, God may send His guidance on their tongues.  Also ask for their prayers.

D. Work Hard.  After praying, reflecting, and seeking advice, make a decision and put your trust in God.  You’ll have to work hard: find part-time work during school and full-time work during the summer to save up money for your tuition and expenses or for your business.  Try approaching some wealthier people in your community who might be able to give you a loan or invest in your business.  Do the best you can within the beautiful guidelines of your faith.

E. Trust in God.  Remember that God sees the Big Picture and He knows what’s best,  your particular desire for a field of study or for a business endeavour may not be what’s best for you.  Trust in Him, He will reward your trust in Him by taking care of you in ways you could not imagine.



Step 1: Preliminary Questions

Please answer all questions as applicable and Answer the questions and email them to

If pre-approved you will inshaAllah be asked to proceed to submit a full application.

For urgent applications, submit everything in Step 1 & 2 immediately. 



1.Full Name
2.City, Province (State), Country
3.Loan Amount Requested from IANA
4.Purpose of Loan (please provide details)
5.Current Outstanding Loans and their Repayment Plan Details
6.Date IANA Loan Needed By (yyyy/mm/dd)
7.Expected Monthly IANA Loan Repayment amount inshaAllah
8.Date to Start Repaying your IANA Loan inshaAllah (yyyy/mm/dd)
9.Date to Finish Paying your IANA Loan inshaAllah (yyyy/mm/dd)
10.Background situation: have you been working hard trying to avoid taking loans?  Do you have other circumstances?  Here’s where you can share more about your situation and any other relevant information.
11.Are you involved in your local community?  Do you volunteer? Please explain.
12.Do you have a guarantor willing to sign with you?
13.Do you consent to IANA conducting a credit-check on you?
14.Please share your views on the modern economic system, interest, mortgages, credit cards etc.
15.How did you find out about IANA?
16.How will this loan benefit the greater community and society-at-large?
17.Do you wholeheartedly intend to repay this loan in full regardless of what happens? Explain.
18.Have you gone through A, B, C, D, & E above? Please elaborate.

For an EDUCATIONAL loan via Iana Learn ALSO answer:

*Current or Planned Institution and Area of Study
*Date of Graduation inshaAllah (yyyy/mm/dd)
*Current Student Loan Amount (if applicable)
*Amount of Student Loans Expected at Graduation
*Reason For Not Using Conventional Student Loans

For a small, short-term, EMERGENCY loan via Iana Now ALSO answer:

*How are you confident that this will be a one-time emergency loan inshaAllah?
*Have you explored grants from social services organizations?  For example, in Edmonton, Alberta we have

For a BUSINESS or INSTITUTIONAL loan via Iana Independence or Iana Community also provide this information:

*Financial statements for the past 3 years
*Business plan or forecast for the next 2 years
*Bank statement and letter from your bank


Answer the questions and email them to


STEP 2: if you are eligible for a loan, we will inshaAllah contact you to submit the full application below.



Also provide the following documentation as-relevant to your request:

*bank statements
*credit card statements
*income tax statements or Notice of Assessments
*pay stubs
*letters of reference

E-mail applications and documentation to:

Frequently Asked Questions


What programs does IANA offer?

Iana currently offers five types of interest-free loans:

  1. Iana Learn is an education interest-free lending program.  Whether someone is an undergraduate or graduate student, or whether they seek to take part-time courses, or to simply pay off their existing student loans, Iana Financial may be able to help.
  2. Iana Now is an interest-free lending program for emergency short-term loans for those who have urgent needs or unanticipated expenses (e.g. dental, medical, auto, etc.) and need a little help for a short while.
  3. Iana Independence is a small-business interest-free lending program to help small businesses get on their feet or expand their operations.
  4. Iana Community is an interest-free lending service for non-profit organizations and institutions and their work.
  5. Iana Vehicle is an interest-free lending service to help people purchase reliable vehicles to serve their basic needs.


Do you accept international applicants?

Yes, international applicants are eligible.

Applicants are ideally residents of Canada with preference to those from Edmonton, then Alberta, then Canada, then the US, then other countries.


Are there special considerations for applicants? If so, what are they?

Yes, special consideration is also given to those seeking to study the Sacred Sciences of Islam at reputable institutions such as: Zaytuna College in the US or Cambridge Muslim College in the UK – or graduates of such programs, or the institutions themselves.

Special consideration is given to people with very difficult situations, orphans, widows, people with disabilities, immigrants or refugees, and ex-convicts.

Special consideration is given to volunteers and local activists who are proactively working at reforming society, this includes visionaries and progressive thinkers who are helping us redefine the way we look at the world to develop more meaningful, purposeful, and harmonious lives and communities.  Specifically those seeking to make balanced, grassroots, progressive change in:

*Education – a tremendous amount of work has been done by many people who show that the old-school mass schooling model typically used in the West is a failed model and that alternative methods are far superior for individuals and society at large.  For example, see the insightful work of John Taylor Gatto or Ken Robinson, John Holt, Chris Hedges, Noam Chomsky, the documentary Race to Nowhere and many others.

*Agriculture – modern mass agricultural methods are challenging eco-systems across the planet.  There is a renewed push for small-scale solutions and a local food movement is taking way; see for example the work behind the permaculture movement.

*Other areas include:




-Law, Human Rights, Animal Rights

-Politics and Pro-Peace / Anti-War



What is the maximum loan amount that individuals or institutions can receive?

Loan amounts are reviewed on a case by case basis.


How do applicants apply?

1. Please email the answers to the pre-application questions above; you may not receive an answer at all or for an extended period of time due to the volume of emails we receive.  If pre-approved, you will, inshaAllah (God-willing) be asked to:

2. Submit the full application forms provided via the links above. Loans are made to the applicant (not the parents, schools or outside agencies). All additional information must be supplied for the board to consider your application.

3. A personal interview will be required as well as reference checks.

4. If any requirements are not satisfied or documentation not submitted, the application may be automatically rejected.


How are applicants assessed by the Board?

Applications are reviewed through a rigorous process devised by Islamic and Western finance experts. The process is a combination of a thorough application review, documentation, reference checks, an interview, potentially a credit check, praying for guidance or istikhara and more; all to try to ensure the applicants are responsible, trustworthy, prudent, competent and will inshaAllah (God-willing) successfully repay their loans so that others may benefit from the pool of funds.


What are reasons for loan applications to be rejected?

Loan Applications can be rejected for the following reasons:

  • Incomplete application or missing supporting documents
  • Insufficient funds available
  • Disagreement in establishing repayment schedule
  • Guarantors unwilling to co-sign (if applicable)
  • Poor judgment or poor character displayed by applicant
  • Other reasons deemed appropriate by Iana Financial

Please note that the funds Iana has are a trust from those who have donated or loaned money to Iana, as such, we are fully accountable for the responsible management of these funds.  We take our role seriously and can deny an application at our discretion – just as you may refuse to lend someone your money at your own discretion.


What is the deadline for applications?

Currently, there is no deadline for submitting an application. Once an application is submitted, the response will inshaAllah be given as soon as possible, please plan accordingly, submit your request early, and continue to pursue other options in parallel.


How does the loan repayment work?

Iana Financial highly depends upon the repayment of loans in order to continue to help people meet their needs. It is important that applicants recognize there is a moral obligation as well as a legal obligation to repay any loan that he or she may receive.  As such, a loan agreement is signed to ensure the terms are clear to both parties.  For accountability and practicality, a loan repayment plan is set on a case-by-case basis.


What if the applicant fails to make a payment for repaying their loan?

After missing the first and second payments, a friendly reminder will inshaAllah be sent to the applicant in the form of a phone call, email, and/or letter. Unless alternate arrangements have been made (e.g. the repayment plan adjusted), after missing the third consecutive payment, the loan will be considered in default. At this point, guarantors (if applicable) will be contacted to resume payments, the payment schedule may be revised if necessary.  If there is still not a resolution in fulfilling payments, further action, for example legal action, may be taken to recover Iana Financial’s (i.e. the community’s) assets or approaching the public to help recover funds.  Our main mitigation is in the front-end – being extra careful in selecting the borrowers in the first place with a thorough application process.  We try to do our best and we rely on God.


How are funds for the Iana generated?

By the Grace of God, we have been blessed with sincere supporters who continue to pray for our guidance and success; through their prayers, we have been granted generous donors and supporters who believe in the vision of Iana, which includes saving people from the burden of usury, and a world where help need not have strings attached.  They continue to support this program, with donations small and large.  They are coupled with people who love God and His Messenger, God bless him grant him peace, and honor their teachings and avoid usury at all costs – through their sincere intentions to avoid sin and His displeasure, God sends His Support on the hands of good doers.

We are simply blessed to be intermediaries facilitating transactions between

beautiful people seeking to be true to their faith while pursuing good causes and

beautiful people selflessly seeking to help others.




Peace and Blessings


Prophet Muhammad



Praise and Thanks

are due



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