የሼሪዓ ህጉን መሰረት ያደረገ
የብድር አገልግሎት
Interest Free
Golden SACCO offers an interest-free saving and loan service designed to support members who prefer Sharia-compliant or ethical financial solutions. Under this system, members can save money and access loans without paying or receiving interest. Instead, the cooperative applies a profit-sharing or service charge model that ensures fairness, transparency, and mutual benefit. This program encourages members to save regularly while providing affordable financing options for personal, business, and community development needs.
Interest Free Saving Types
Wadia Regular Saving
Golden SACCO offers a Wadia Regular Saving account based on the principles of trust and mutual cooperation. Under this system, members deposit their money with the SACCO for safekeeping without expecting any fixed return. The cooperative may invest the funds in Sharia-compliant activities, and any profit earned can be shared with members as a token of appreciation. The savings can only be withdrawn when the member leaves the SACCO, ensuring stability and long-term financial discipline.
wadia voluntory saving
Golden SACCO offers a Wadia Voluntary Saving account based on trust and cooperation, allowing members to save any amount at their convenience without expecting a fixed return. The SACCO may invest the funds in Sharia-compliant activities and share profits as a goodwill gesture. Members can withdraw their voluntary savings fully or partially at any time, providing both flexibility and ethical financial management.
wadia children's saving
Golden SACCO offers a Wadia Children’s Saving account to help parents and guardians build a secure financial future for their children. The account can be opened with an initial deposit of only 100 Birr and operates on the principles of trust and mutual cooperation. Savings are made in the child’s name without expecting a fixed return, and the SACCO may invest the funds in Sharia-compliant activities, sharing profits as a goodwill gesture. Withdrawals can be made when the child reaches maturity or as decided by the parent or guardian, encouraging early saving habits and financial responsibility.
Interest Free Loan Types
Golden SACCO offers a Musharaka (Partnership) Loan, which is a business agreement based on partnership. Under this system, the SACCO and the member jointly contribute capital to a business venture and share the profits and losses. Profits are distributed according to a pre-agreed ratio, while losses are shared in proportion to each party’s capital contribution. This arrangement promotes fairness, cooperation, and ethical investment in line with Sharia principles.
Golden SACCO offers an Ijara (Lease Financing) Loan, which involves selling property or goods on lease. Under this service, the SACCO provides items requested by the member, such as chip fryers, generators, machines, houses, tractors, and factory goods. All leased property must comply with Sharia principles, ensuring ethical and permissible financing.
Golden SACCO offers a Murabaha (Fixed Capital) Loan, which involves purchasing goods and selling them on credit at a price that includes the cost plus an agreed profit margin. This cost-plus-markup arrangement provides a Sharia-compliant financing solution for members.
INTEREST FREE SERVICE
We work with you to find the perfect VA for your needs.
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