Aurangabad: Al-Khair Bait ul maal, simply lending money to someone who needs it. Its a co-operative bank which doesn’t charge interest on loan. It only takes gurantee.
Al-Khair is an Islamic bank and in Islam, it is not permissible to take out riba/interest-based loans, from the bank.
People are delighted since they are getting loans and at the same time they no need to pay any interest.
Watch the video to know more.