Zer0 %nterest Bank
Explain your idea in details:
The idea of the bank consists of three main Ideas subdivided to several secondary parts :- 1-Discount instead of the interest :- The bank get a partly ownership of a certain percentage of the production of the investor company, then issue a discount coupons of products & give it to depositors. for example: company (A) has production of goods (P) has borrowed from the bank the amount of 1000000 $ ,so, the company will give the bank the right to dispose of part of its production of goods which 10% of the production. 2-Money sharing round :- Every borrower pays amount of money to the bank & it collects them every month & one of the borrowers get the collected money in turn by rotation. for example , 10 people need 10000 each so everyone will pay 1000 monthly and gain 10*1000 = 100000 , customer (1) January , customer (2) February & so on & every one could have two turns like customer (1) take the first turn & the last turn , & so on , the more number of sharers increase , the more gain for everyone. 3-Relative Stability of value of money:- When someone puts money in the bank, the amount of the money is be evaluated according to fixed valuable matching metal like gold. For example.... someone had put 100000 USD in the bank, & the price of gold in grams at that time, 20 $.... Then the value set by the Bank 5000 grams ... and then the man comes after a period of time take back his money & the price of gram of gold at that time 25 dollar , so deserved money is 5000 * 25= 125000 $, & his profit.125000 – 100000 = 25000.
Expected impact of your idea on sustainable development
• Increasing investment and to encouraging direct investment and to giving opportunities for owners of small and large projects to achieve their ideas and enrich the community. • strengthening the relationship between the depositors and investors and between them and the projects and products, making each individual feel his role in the development and being main element & part of the production wheel. • Giving the bank the function of marketing as well as funding, as many of the new projects need to marketing • Reduction of inflation may even we can say reverse it as it turnover the interest which is the cause of increasing prices and turn it into a discount that leads to lower commodity prices. • Investors will do their best to improve the quality of their goods so as to increase the demand for increasing the sold quantity of goods, which speed up the period of the discount end as a result of finishing the discount amount. • Elimination of the interest and the side effects upon the output • Prevents the money owners from relying on interests which leads to lazy being, & dependence on others without work or any effort. • encourages the money owners who do not have ideas to put their money in the bank. • Reduction of unemployment and encouraging the owners of ideas and projects to achieve their projects and using their wasted powers • Development of social capital as the spread of unemployment leads to a rise in crime due to the lost time and lack of material resources of the poor • The development of intellectual capital due to encouraging young people and owners of new ideas to achieve it , • the economy's up to the highest level when the interest rate is zero.
Plans for implementation and sustainability
the bank will make catalogs containing all the goods and services which the Bank is dealing with not only of goods but also services such as hospitals, doctors , dentists , pharmacies , laboratories , offices like accounting offices, engineering offices, and legal lawyers offices and other services. all markets selling the goods produced by the supplier Shall be notified of discount cards to be collected and delivered to the supplier until it reaches the extent of the amount required and everyone has discount card received from the bank, will hand it over to the seller - which in turn delivers them to the supplier - to get the discount on goods he buy. both of the investor or the borrower in sharing will have to Provide a guarantee as it happens in other banks for having a loan. The Bank sells part of discount cards to non- depositors to gain his profit. making schedules & time tables for the Rotation Money sharing cycles. And making it suitable for all people.
I'm 30 years old , graduated from the faculty of commerce ,Alexandria university ,working as Air-Fees Specialist at Borg El-Arab International Airport , won The second prize in poetry in the first round of the contest of short story & poetry , Won a prize at the competition of the Arabic content Enrichment from Google, Have been chosen as the Ideal employee by the Management of Borg El-Arab International Airport, Had many courses about Airport management, operation, & international marketing, from Egypt, Japan. Like: - International marketing course from the American Bolmart Academy, International Marketing course from the Egyptian Airports company, Airport management operation course from Narita Airport, Japan, Course of The methods of trading in the stock market, Certificate of course completion of IT Essentials:PC Hardware & Software from Cisco Networking Academy, Training course for preparing the leadership cadre from the social leaders team at the faculty of commerce Orientation course from Borg El-Arab International Airport, Training Diploma in computer sciences at the Egyptian society for information technology, Training Program at a newspaper called alnajm alwatany, Summer Internship at Piraeus bank,