This article focuses on Taqwa Sacco membership eligibility and requirements. Taqwa Sacco is the 1st Shariah- compliant Sacco in Kenya. It was established in 1998 as a way of providing halal credit and investment opportunities for members.
Taqwa Sacco has 12,000+ members drawn from across East Africa and in the diaspora. It has an asset base of 1.46 billion.
Taqwa Sacco Membership Eligibility
- Membership is open to all Kenyans and non-Kenyans from across the globe, regardless of gender, race, religion or class.
- Membership is open to those who prefer ethical financial services governed by Islamic principles of No Riba/ interest.
Taqwa Sacco Membership Requirements
While membership is open, Taqwa Sacco admits only eligible individuals, groups or corporates upon fulfillment of base requirements below;
- A copy of National ID/ Alien ID/ passport or birth certificate for a minor account.
- A copy of KRA PIN certificate.
- 2 coloured passport size photographs.
- A copy of recent payslip, letter of appointment or Mpesa/ bank statement.
- Attached copies of membership application form.
- BOSA membership registration fee of Kshs 1,000 and FOSA account opening fee of Kshs 500 is required.
How to Pay Registration Fees
- Go to Mpesa.
- Select Lipa na Mpesa.
- Select Paybill.
- Enter Business Number 275233.
- Enter Account Number 23*01.
- Enter the amount (Kshs 1,500 for BOSA with FOSA or Kshs 500 for FOSA only).
- Enter your Mpesa PIN and confirm.
- You will receive a confirmation message from Safaricom on your mobile phone.
Benefits of Membership
- Access to Shariah compliant financial services.
- Competitive dividend rates.
- Up to Kshs 5 million asset financing.
- Quick turnaround loan approval.
- Access to salary advance, and other loan products such as normal loans, emergency loans, school fees loans, mortgage financing and 80% asset financing.
- High return investment opportunities in various areas.
- Zero percent interest rates.
- High level of professionalism.
Taqwa Sacco Contacts
Location: Ground Floor, Jamia Plaza, Kigali Street, Nairobi.
Contacts: 0702 332 211/ 0786 332 211.
