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Dec 05, 2008Year in Review!

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Year in Review!

Posted on Dec 05, 2008

This year has been fundamental in building the foundation for our organization:

Vision
Iana Financial envisions the opportunity to revolutionize the financial system by offering its flagship Islamic profit sharing student lending program. According to Standard and Poor’s Rating Services, the potential growth for Islamic Financial Services is an estimated $4 trillion (US) becoming an emerging field of interest around the world. With this in mind, Iana Financial is working towards branding themselves as a recognized name in post secondary institutions and expanding to capitalize in offering other financial products such as business loans, investments, etc.

Funding Strategy
The funding strategy of Iana Financial, is based on creating a self sustainable pool of money trickling into the system of redistributing loans. In order to do so, Iana is researching the various grants that we are applicable for and further working to develop a plan of approaching business and individual funders. This will require a concrete strategy of approaching the “right people with the right approach”. Subsequently, we would also like to invest a portion of the loan funds into investments to create a stable medium of growing funds.

Marketing
Currently, Iana Financial is developing a marketing brochure which will serve as an quick informative guide to funders and students complementary to our website, presentations and exploration into partnerships with other like-minded
organizations.

Application and Loan Process
We have consistently been working on tweaking and refining our application and loan process to provide an efficient and secure system compliant with Islamic principles. The advice of various Islamic Financial experts and scholars has been helpful in guiding us to mitigate risks and clarify questions that have arisen. Our application form will be available online shortly, once we finalize the details.