Core Values & Objectives

Our Core Values

Seven principles, one standard

Value 01

Honest and faithful stewardship of members' funds and resources.

Value 02

Equitable treatment of all members regardless of status or contribution size.

Value 03

Strict adherence to Islamic finance principles — avoidance of riba (interest), gharar (excessive uncertainty) and haram (forbidden) ventures.

Value 04

Open, accountable disclosure of the Society's finances, profit-sharing ratios and investment performance.

Value 05

Members supporting one another in times of need, in the spirit of Islamic brotherhood.

Value 06

Consistency between the Society's stated principles and its actual business practices.

Value 07

Commitment to quality and best practice in every business undertaking.

Our Objectives

• Mobilize regular savings/thrift contributions from members in a Shari'ah-compliant manner.
• Provide members with access to non-interest (Qard Hassan) loans for genuine personal and business needs.
• Generate halal income for the Society and its members through Murabaha, Mudarabah, Musharakah and Ijarah business models.
• Eliminate riba (interest) entirely from all members' financial dealings within the Society.
• Promote financial literacy and awareness of Islamic finance principles among members.
• Build a sustainable pool of halal investment assets that grow members' collective wealth over time.
• Provide welfare support to members during emergencies, in line with the spirit of Ta'awun.
• Ensure full compliance with relevant Nigerian cooperative regulations alongside Shari'ah principles, maintaining good standing with the appropriate cooperative supervisory authority in the FCT.