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Riba-Free (interest-free) Educational Loans from A Continuous Charity (ACC)
A Continuous Charity (ACC) is proud to be the first national Muslim charity offering students community-funded, riba-free (interest-free) loans for higher education. Our mission is to empower Muslim students across the nation by helping them achieve their academic goals without the burden of interest.
How It Works
ACC’s riba-free loans are made possible through the generosity of donors and institutions who believe in supporting the education of the next generation. All donations go directly toward funding these loans, ensuring that students can focus on their studies rather than financial stress.
Application Process
Our loan application process opens annually, typically starting on January 1st and lasting for 8 weeks. During this time, eligible students can apply for a riba-free loan by completing our online application form. The process involves three key steps:
1
Online Application
Fill out our application form during the open period.
2
Interview Process
Selected applicants will be invited for an interview to better understand their needs and goals.
3
Loan Award
Based on the review and interview, students may be chosen to receive a loan.
Loan Terms
Once selected, recipients will sign a legally binding contract to ensure repayment of the loan. To further safeguard this agreement, students will need to have a co-signer. The terms of the loan are simple and fair: you will pay back exactly what you borrowed – no interest, no hidden fees, just dollar for dollar.
At ACC, we believe that education is a right, not a privilege, and we are committed to making it accessible to all students. Through our riba-free loan program, we aim to remove the barriers of financial hardship and pave the way for a brighter future.
Join us in building a stronger, educated, and empowered Muslim community.