Franchise - Shaikh Husain Raj

Bradford

Shaikh Husain Raj applied for qardhan hasana to the Foundation in 2006 to set up a Mailboxes Ltd franchise outlet in Bradford.

This was one of the most ambitious projects ever brought before the Foundation and the Trustees set about investigating the application in detail.

A Trustee visited an existing Mailboxes outlet and spoke to the owner there who talked him through the various details and requirements that the parent company had for its franchisees.

Seeing the set-up and the strength of the franchise the Trustees then spoke with the applicant in detail about

the specifics of his venture in Bradford. The applicant had already identified the location and informed the Trustees that time was at something ofa premium.

Keeping this in mind the Trustees worked quickly to establish the credentials of the business, made sure the applicant had the correct security and guarantors and finally, confident of the applicant’s own ability to make the venture a success the project was given the go-ahead and funding released to him to the full extent that he required and on terms that would allow him to maximise the business potential without being over anxious with regards to the repayments on his loan.

Today the franchise is up and running and close to its first anniversary with the future looking bright.