Customer Testimonial
“Alhamdulillah, this partnership with Craft3 represents the barakah in our community’s efforts.”
Sayed Ali
Masjid Ibrahim
Expanding Access to Capital for Muslim Communities
Islamic Financing
Helping small businesses succeed since 1994.
Muslims who seek to live in accordance with Islamic principles are unable to access conventional debt capital because of Islam’s prohibition against charging or paying interest.
This has created a gap in access to financing for Muslim communities. Muslim entrepreneurs and nonprofits often find themselves forced to assemble all needed capital before starting a project or launching a business. This can cause frustration, lost opportunities, and long delays.
To better serve the growing Muslim community in the Pacific Northwest, Craft3 has worked with key partners to develop innovative Islamic financing options. Our Islamic financing solutions let Muslims access capital without compromising their faith.
Community
Our Islamic financing initiative is a true community partnership.
Equity
We're striving to remove barriers to accessing capital and opportunity.
Ethics
Our Islamic financing products have been created in consultation with and endorsed by a leading Islamic finance advisory consultancy.
Islamic Financing Options
Wakalah Financing
Get working capital to start or grow your business
Wakalah Financing enables Muslim entrepreneurs to access capital for startup funding, inventory purchase, tenant improvements, and more without compromising their faith.
Diminishing Musharakah
Get real estate financing to purchase property
Musharakah financing allows entrepreneurs and community leaders to purchase real estate without assembling all of the capital in advance.
Financing With Craft3
Craft3 supports entrepreneurs at every step of the application process.
1
Introduce Your Business
When you’re ready to apply, complete the online form below to help us learn about you and your business. If it looks like a potential fit, a Craft3 lender will reach out to talk with you about your business plan, uses of funds and collateral.
2
Apply
A Craft3 lender will invite you to apply and help you complete your application package. We will review your application and give your request the careful attention it deserves. Review usually takes 1-2 weeks, although it can be shorter or longer depending on the size and complexity of the request.
3
Decide
If we think we can help you with your request, we will notify you and outline the financing terms and the items, if any, we need for underwriting a final decision. After that we quickly move to closing and disbursement.
Current Partners
Our Team
Saif Hakim
Commercial Lending Director, SVP
Saif Hakim brings over 20 years of experience in community banking and small business support. A proud member of the Muslim community, he helped launch Craft3’s Islamic Financing program to ensure Muslim-owned businesses and organizations can access capital aligned with their faith. Saif has a background in both finance and technology, and he serves on multiple nonprofit boards that aim to help make social services accessible to Muslim communities.
Sarosh Nasim
Senior Business Lender
Sarosh Nasim is a Senior Business Lender at Craft3 with more than 20 years of experience in business and commercial banking. Born in Pakistan and based in Seattle, Sarosh focuses on expanding access to capital through Islamic financing solutions. He is passionate about responsible lending, cultural inclusivity, and aligning financial tools with community values to help advance equity and opportunity.
Mufti Ibrahim Essa
Sharia Supervisory Board
Mufti Muhammad Ibrahim Essa is a globally recognized Sharia Scholar with deep expertise in Islamic Banking and Takaful. He holds advanced degrees in Quran, Sunnah, and Islamic Jurisprudence from Jamiah Darul Uloom Karachi, where he now serves as a faculty member under Mufti Taqi Usmani. An AAOIFI Certified Sharia Advisor and Auditor, Mufti Essa advises financial institutions around the world, including United Bank Limited (Pakistan), Hayat Bank (Uzbekistan), and EFU Takaful. He also leads Alhamd Sharia Advisory Services and serves on the Sharia Supervisory Board for Craft3.
Looking for more Information?
Business Resources
We support entrepreneurs of all stages of the business journey and offer resources to help you learn, grow, and better understand your financing options.
For Businesses
Islamic Commercial Real Estate Financing
See how Craft3’s financing helps Islamic community organizations and Muslim-owned businesses buy property to stabilize and expand.
For Businesses
Wakalah Working Capital
See how Craft3’s financing helps Muslim-owned businesses access working capital without compromising their faith.
For Businesses
Glossary of Finance and Business Terms
If you’re interested in starting or expanding a business, you’ll likely encounter lots of terms and acronyms. This glossary will hopefully help you make sense of unfamiliar words and equip you for your business journey.
