Zero Interest Multi-Purpose Co-operative Society Ltd.

Allah says in the holy Qur'an:

و أحل الله البيع وحرّم الربّو ...

"Allah (SWT) has permitted trading and forbidden usury" (Q 2: verse 275)

About Us

Zero Interest Multi-Purpose Co-operative Society Ltd. is an interest free co-operative society operating the free interest loan financial activities as enjoined by Almighty Allah (SWA) i.e forbid riba (usury) on loan, but a fair mechanism, profit/loss sharing principle on investment in proportion of stake.

Click here to view the list of executive members of the society:

Objectives
The objectives of the society are to promote the economic interests of its members and especially:

to provide credit facilities to its members at zero rates of interest for provident and productive purposes.
to encourage regular savings amongst members so that each member may cultivate the habit of making savings at least once monthly, with a view to building up funds for their individual future use.
to stock consumer and producer goods for distribution to members and non-members; (with priority to members) at fair and reasonable price.
to operate warehouses and cold room facilities for the storage of these consumer and producer goods and let out these facilities to interested parties.
to acquire acres of land for sale or Estate development to meet the housing needs of members or for industrial purposes as a form of investment for the economic benefit of members.
to undertake or invest in Real Estate and Housing developments for the acquisition of its members and other interested parties.
to undertake and invest in new ventures beneficial to its members and the Society as approved by the Management Committee. These include Projects Financing; Feasibility Studies and etc.
to undertake service businesses that will cater for the primary needs of members and other patrons; like petrol station, ware-housing, Consultancy, farming, Agricultural activities, and etc, managed in the overall interest of members and the Society.
to undertake such financial management schemes like Special Withdrawable Deposit and Community Banking Schemes at cooperative and competitive rates for members, and other interested parties.
to encourage fixed deposits from members out of which a fund may be established for giving short-term loans to members, to acquire stock of shares and other rewarding ventures.
to raise capital through share holdings by members in the society to undertake such other activities as are necessary for the attainment of these objectives.
to engage in any other economic or social activity as may be approved by the general meeting of members.
to manage financial portfolios carefully by investing in stocks but guided by the decision of members. In this way, the society shall become part owners of multinationals, banks etc.
to seek loans for industrial/housing development from banks, the Co-operative circle and other financial institutions.
to secure wholesale mortgage, either for on-lending to members or for housing development and let or sell such dwellings on mortgage basis.
to do anything within the law and enter into any transaction which in the Society’s opinion is necessary to ensure the proper performance of its functions or the attainment of the above listed objectives.
to take measures that would promote among the members, the spirit of thrift, mutual-help and self-help based on cooperative principles.

LIST OF EXECUTIVE MEMBERS OF THE SOCIETY AND THEIR CONTACT
Name	Portfolio	Contact

Baruwa Abdul Waahid O.	President	Tel: 08091156419, 08037262499 E-mail: president@zerointerest.com.ng

Bello Shakirudeen O.	Vice - President	Tel: 08098135554, 08022262296 E-mail: vicepresident@zerointerest.com.ng

Akerele Kehinde Akinijide	Secretary	Tel: 08096916400, 08023417518 E-mail: secretary@zerointerest.com.ng

Quadri Abdul Rahman A.	Treasurer	Tel: 08098004018, 08023004018 E-mail: treasurer@zerointerest.com.ng

Ambali Taofiki O.	Auditor	Tel: 08095058159, 08024058518 E-mail: auditor@zerointerest.com.ng

LIST OF OUR FRANCHISE OFFICES
Location	Contact Person	Address

AGBOWA OFFICE	08028487862	OKO COMPLEX 40,LAGOS ROAD OPP,DEDITEX FILLING STATION AGBOWA IKOSI LAGOS.

IKORODU OFFICE	08183109365	HAKEEM ATUNRASE STREET, 106 LAGOS ROAD, HARUNA, IKORODU, LAGOS

BADAGRY OFFICE	08063094359,08173683251 or +22996296146	SUIT9,B-SHAT SHOPPING COMPLEX JOSEPH DOSU WAY, OPP.NEPA OFFICE ROUNDABOUNT BADAGRY, LAGOS

ALIMOSHO OFFICE	08026413730	35, IDIMU ROAD ALIMOSHO OLORUN ADABA BUS STOP.

IYANA ISHASHI OFFICE	08063094359,08173683251 or +22996296146	SKIMM PLAZA, KLM,23 BADAGRY EXPRESSWAY, OPP.TOTAL FILLING STATION,PAKO IYANNA ISHASHI LAGOS.

KETU OFFICE	08185770241, 09099756725	463,KETU-IKORODU ROAD, BY IKOSI ROAD,JUNCTION, KETU,LAGOS.

EPE OFFICE	07065521594	AMOKE SHOPPING COMPLEX BESIDE TOTAL FILLING STATION EPE LAGOS

IKOTUN OFFICE	08171945002, 08027885048 or 08177184076	SUITE 15, AMAZING GRACE COMPLEX, 10, IKOTUN - IDIMU ROAD COLLEGE BUS-STOP IKOTUN - LAGOS

AGEGE OFFICE	07081614316 or 08183109366	314, OLD IPAJA ROAD ALAGBA - IYANA-IPAJA BUS-STOP AGEGE - LAGOS

Apply for Hajj/Umrah with The Zero interest Travels & Tours. We provide you with a comfortable and reliable service from transportation to accomodation, feeding and so on For more information, click here
A One - Day Seminar has been organized on Spirirtual Significance of Umrah in Ramadhan, comes up Tuesday 12th June, 2012 10.00am prompt at The LASG Central Mosque Multipurpose Hall. click here for details
Zero Interest Cooperative Society has opened more branch offices in Ketu ...
Zero Interest Cooperative Society has launched her electronic and mobile services that enables customers interact with our activities from the comfort of their home. Click Read More for details.