Supporting small businesses and new entrepreneurs. To learn business, it is enough to do business. A fund open to everyone to build experience and promote small business enterprises.
The Al-Ansaar Association fervently believes that the Democracy of small people is embattled, constantly in danger from the undue influence of big money, and therefore in need of protection.
Small businesses are the cornerstone of our Democracy, and indeed the lifeblood of Our Communities.
Our Belief: To learn business, it is enough to do business.
Small businesses are the cornerstone of our Democracy, and indeed lifeblood of Our Communities.
— The Academy of Excellence
A fund open to everyone, not just Muslims, to build experience and promote small and new businesses
Acting as facilitator for pro-bono management oversight teams of Muslim financiers, accountants, solicitors, and consultants. Each candidate gets one point of reference mentor plus access to the whole team.
Carrying 100% of Type B Shares of no value to explicitly prevent the sale of the Company via buyout to any National, Multi-National, or Company employing over 50 people.
Approved bookkeeping services with complete and ongoing oversight of accounts on a daily basis, appointed through the Management Oversight Team.
Initial loans carry no interest repayments. Underwritten with personal assurances from the applicant and a stipulated deadline for repayment.
If recapitalisation is needed, the Al-Ansaar Association gets first refusal at pro-rata market value. Further investment in exchange for part ownership.
Companies will neither accept nor provide finance based on usury or interest models. Risk should be accepted and mitigated, not fully eliminated—this is best Muslim practice.
Type B Shares allow the Al-Ansaar Association to liquidate the Company by majority vote of trustees if any provisions fail. After liabilities, half of remaining assets go to the Association.
Successful applicants are free to form other businesses, become part-owner in other businesses, work elsewhere, or sell shares after a specified evaluation period.
The formed Company will carry the Al-Ansaar Association logo for THE ACADEMY OF EXCELLENCE on its letterhead and in all email and other communications in a prominent position—with pride.
Former and Existing Applicants will be asked to maintain their contact with the work of the Al-Ansaar Association through providing support for new and potential applicants.
It is hoped that the Al-Ansaar Association fund will be used to great effect to launch the careers of many successful businessmen and businesswomen.
"Who will champion Democracy through the support of Small Business Enterprises and the Al-Ansaar Association."
Whether you want to apply for support, become a mentor, or donate to the fund—every contribution helps build the Democracy of Small People.
The name of the fund is: "The Academy of Excellence Fund"
Please donate generously to this not-for-profit fund.