aqwa Sacco, the first Shariah-compliant Sacco in Kenya, was established in 1998 to provide ethical, halal financial solutions for members. With over 12,000 members drawn from East Africa and the diaspora, Taqwa Sacco boasts an asset base of Kshs 1.46 billion.
Membership Eligibility
Membership is open to:
- Kenyans and non-Kenyans globally, irrespective of gender, race, religion, or class.
- Individuals seeking ethical financial services governed by Islamic principles that prohibit Riba (interest).
Membership Requirements
Eligible individuals, groups, or corporates must fulfill the following:
- A copy of National ID, Alien ID, passport, or birth certificate (for minor accounts).
- A copy of KRA PIN certificate.
- Two coloured passport-sized photographs.
- A copy of the most recent:
- Payslip,
- Letter of appointment, or
- Mpesa/ bank statement.
- Completed membership application form.
- Payment of the following fees:
- BOSA membership registration fee: Kshs 1,000.
- FOSA account opening fee: Kshs 500.
How to Pay Registration Fees
- Go to Mpesa.
- Select Lipa na Mpesa.
- Select Paybill.
- Enter the Business Number: 275233.
- Enter the 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.
Benefits of Membership
- Access to Shariah-compliant financial services.
- Competitive dividend rates.
- Asset financing of up to Kshs 5 million.
- Quick loan approval for:
- Normal loans.
- Emergency loans.
- School fees loans.
- Mortgage financing.
- 80% asset financing.
- Access to salary advances.
- High-return investment opportunities.
- Zero percent interest rates.
- High level of professionalism.
Taqwa Sacco Contacts
- Location: Ground Floor, Jamia Plaza, Kigali Street, Nairobi.
- Phone: 0702 332 211 / 0786 332 211.
Taqwa Sacco ensures ethical and professional financial services aligned with Islamic principles.