Products

We will be offering Sharia compliant products that will be free of interest on our products. Below are some of the savings and loan products we identified to trade in. 

Savings
Our members will be encouraged to save regularly and will be able to take out loans to meet their financial needs.
A member will be able to deposit and withdraw from their savings anytime they choose to.
1 – Savings Account – Regular Share Account  – Regular non deferred share account
2 – Hajj and Umrah Savings – For religious pilgrimage
3 – Eid Savings – For the two Islamic religious celebrations in a year
4 – Holiday Savings – Family or personal holiday savings 

Loans
We will not charge interest on loans but will charge standard Fees which are converted to APR which will be in line with the credit union rule. The charge will be prorated for early repayment. 

1 – Existing Loan Refinancing – Refinancing of non halal loans with other providers
2 – Personal Halal Loan – General personal loan
3 – Household goods financing – Buying of household goods
4 – Hajj and Umrah Halal Loan – For those with shortfall in their savings