Zero Interest: 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.

our objective

1

provide credit facilities to its members at zero rates of interest for provident and productive purposes.
2

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.
3

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.
4

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.
5

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.