Donor Agreement

Effective 2026-05-13. Version 1.0.

This Donor Agreement governs your contribution to Qardon.org (the "Corporation"), an independent 501(c)(3) nonprofit organization. By making a contribution, you accept these terms.

1. The pledge

2. Dedication of the contribution

Your contribution is dedicated to the Corporation's charitable mission in perpetuity. The principal is preserved and treated as part of the community endowment. Yield generated from halal investment of the Pool is used to (a) fund Recovery payouts to members suffering calamity, (b) fund operational costs (up to the disclosed operational ceiling), and (c) grow the Pool itself.

3. Donor-counterparty relationship

You give to the Pool — not to any specific person. The borrower never sees you; you never see the borrower. Both of you relate to the Corporation, never to each other. This intermediation is intentional: it preserves the dignity of the borrower and the discipline of the lender. No favors. No debts of gratitude. No humiliation.

4. Permanence and refundability

Contributions are final and non-refundable once settled, except where required by law. Your contribution is treated as a gift to the Corporation's charitable mission and may not be reclaimed.

5. Donor forgiveness option

If a borrower whom your contribution helped enters permanent calamity (cannot repay even with Recovery support), the Corporation may notify donors whose contributions are touched by that loan and offer the option to forgive the affected portion (converting the Qard Hassan share to outright sadaqah). Forgiveness is your right; you may decline, in which case the Recovery Fund continues to absorb the gap until the loan is closed or repaid.

6. Investment of the Pool

You consent to the Pool being invested in halal-screened assets per the Sharia Supervisory Board's approved investment policy. Investment carries inherent risk; the Corporation does not guarantee a specific yield or return.

7. Operations funding — zero transactional fee on your contribution

You acknowledge that the Corporation takes 0% fee on your contribution and 0% fee on any borrower disbursement. 100% of every contribution enters the Pool whole. 100% of every borrower disbursement reaches the borrower whole. There is no al-'amilin alayha transactional skim under this agreement. The Corporation's operations are funded from investment yield on the Pool, charitable contributions from related and unrelated parties under IRC §170, and lean technology-vendor billing per the Master Service Agreement governing the Corporation's platform vendor. See the operating model page for the complete disclosure.

8. Tax deductibility

Once the Corporation is recognized by the IRS as a 501(c)(3) organization and an EIN is issued, contributions are deductible to the extent permitted by US tax law. Tax receipts are emailed automatically. Donors are responsible for their own tax compliance. Consult a tax advisor.

9. Privacy

Your contribution is processed and recorded per the Privacy Policy. Aggregate impact reports show country-level rollups only; individual donors are never publicly identified without explicit consent.

10. Acknowledgments

• I understand that contributions to the Pool are not investments. I expect no financial return.
• I understand that the Pool is operated by a small nonprofit subject to standard charitable governance and IRS oversight.
• I understand that the Corporation's operational fee is openly declared and that the fee is funded from yield, not from my principal.
• I understand the Corporation never lends to me; it lends from the Pool, on behalf of the community.
• I have read and accepted the Terms of Service and the Privacy Policy.

11. Governing law

This Agreement is governed by the laws of the United States and the State of the Corporation's incorporation (confirmed at IRS recognition).

Acceptance of this Agreement occurs at the moment of contribution. The version of the Agreement in effect at that time is preserved with your record.