A Non-Interest Co-operative Society
Established within the Nigerian Communications Commission (NCC) framework to foster financial inclusivity and cooperation among members. Committed to the principles of ethical, halal finance system, we strive to enhance the socio-economic well-being of our members and contribute to their long-term prosperity. NCCS HACOS is registered under the Nigerian Co-operative Societies ACT 2004 with registration No. FCTA/ARDS/COOP/2019/7171 on 30th of May, 2024.
Mission
To provide a platform for collaboration, support and economic empowerment through the principles of non-interest finance while promoting ethical financial literacy
Vision
To emerge as the epitome of a model Co-Operative, setting the gold standard for collaboration, innovation, and social impact while championing ethical non-interest products across industries.
What We Do?
We offer a range of non-interest products to support the financial well-being of our members.
Mudarabah
Profit-loss sharing partnership with capital and management contributions.
Musharakah
Joint venture partnership with proportional profit-loss sharing based on capital contributions.
Murabaha
Transparent cost-plus financing with disclosed product cost and profit margin.
Ijarah
Flexible asset leasing program with rental and purchase options.
Sukuk
Shariah-compliant bonds representing partial asset ownership with returns tied to performance.
Takaful
Mutual Islamic insurance with shared responsibility among members for unforeseen events
Qard Hassan
Interest-free loans extended on a goodwill basis, subject to discretionary approval.
Flexible Account Options to Suit Your Financial Goals
We offer two distinct types of accounts to cater to your unique financial needs and goals. Whether you're looking to grow your wealth through ethical investments or seeking a secure place to save for future needs, we have the right option for you.
Investment Account
Our Investment Account is designed for members seeking to grow their wealth. Based on the principles of profit-sharing and loss-bearing, this account allows you to invest a principal sum and potentially earn dividends. Your investment will be pooled with others to support halal business ventures
Savings Account
Our Savings Account is a safe and secure way to save your money. This account is designed for members who want to set aside funds for future needs or emergencies. With our Savings Account, you can deposit and withdraw funds as needed.