Help the Community Lift Itself Out of Debt

Beneficent is a non-profit, 100% volunteer-run organization seeking charitable status created to serve our community by lending money to those in need of financial assistance, while avoiding interest-related debt. At its current stage, Beneficent exists to free individuals of crippling short-term debt, such as credit card bills or outstanding fees as a result of recent job loss. We also exist as an educational organization dedicated to teaching personal finance fundamentals and discouraging overreliance on debt, rather than simply providing a short term solution to an ever-growing problem in our society - heavy debt burdens worsened by compounding interest.

By leveraging Islamic teachings on finance, such as prohibitions on interest-based transactions, we aim to empower Canadians to build strong networks and encourage self-reliance in a communal setting. We are committed to serving those in need, irrespective of religion, creed, or background. We believe this service is not only important, but necessary, and we appreciate the support we receive from all those who are involved in our cause.