Ahlul Bayt News Agency (ABNA.ir), What better night than the night of the Wiladat of the greatest lady in Islam, Bibi Fatima (AS). On this auspicious night, the members of Husseini Islamic Center (HIC) met during a Special General Meeting and unanimously gave mandate to the Investment Plan (IP) Sub-Committee under the guidance of the Managing Committee and the Board of Trustees of HIC to actively look for investment properties, seek funds and purchase them. During the meeting, the President of HIC, Br. Riyaaz Jivraj, elaborated the importance of this project, what impact it can have for the future of this community and how it can make the community self-sufficient in the years to come. With a pledge of a state-of-the-art Center being built and to be fully donated to HIC, the community will be faced with higher maintenance costs. Thus, building an income-generating investment portfolio will help with these costs as well as have the financial capability of organizing special projects and events for the children, youths and adults. On behalf of the IP Sub-Committee, Br. Raza Dhanji, the Vice President of HIC, presented the goals and objectives of the Investment Plan and investment strategy. He then presented the first property that the IP Sub-Committee plans to purchase. He discussed the seed capital required and the income options that it will generate. After further elaboration and very positive remarks by various members and with no objection, the mandate was given to purchase the first property and actively seek further properties. Thus, history was made as members of HIC collectively approved to invest in the future of their community. The IP Sub-Committee is very grateful to Birmingham Jamaat for their guidance on how they became successful in their investment ventures.
First Investment PropertyThe IP Sub-Committee plans to purchase the following property as soon as the funds are raised: Regency Park2 Bedroom / 1 Bath851 Sq. Ft plus 100 Sq. Ft of BalconyAll appliances includedBuilt in 1991 Seed Capital RequiredCost: $35,012 (includes all closing costs)Approximate upgrades: $1500Approximate furnishings: $1500Total Cost: $38,012 Target fund for the first property: $40,000.
Those who wish to donate towards this may do so either online at http://www.orlandocenter.org/donate or email to ip@orlandocenter.org. Visiting Orlando? Why Not Stay in a Nice Cozy Placed Owned by Your Own Community.
Husseini Islamic Center will soon own its first property, which will be available for usage to all the visitors to Orlando at a nominal Hadya and cleaning fees. Whether attending a wedding, visiting world-famous theme parks or just getting away from winter, stay at the HIC property located in the upscale suburb of Lake Mary, minutes from the HIC Center and 30 minutes from all major theme parks and the beaches of Daytona. By staying at this place, you will be contributing to your own community. To reserve, please email ip@orlandocenter.org
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