Halal Finance - Zero Interest

Halal seeks to facilitate the financial journey of Micro, Small, and Medium Enterprises (MSMEs) by offering access to zero-interest financing tailored to their business requirements. The platform embodies a mission to support individuals and businesses in achieving a financially responsible lifestyle through ethical and lawful means.

The Thrift feature empowers users to establish or participate in thrift groups akin to Ajo, Esusu, or Adashe, regardless of their location. Members contribute a designated amount on a daily, weekly, or monthly basis, with the total being distributed among participants in a rotational manner. To safeguard against fraudulent activities, no member can withdraw funds without the collective approval of all members. Additionally, a comprehensive Know Your Customer (KYC) process is implemented at the time of contribution collection to maintain integrity within the group.

Halal's Savings feature enables users to design various savings plans tailored to specific goals, such as education, emergencies, or trust funds. Users can lock their funds for a designated period, potentially generating profits while they save. Halal invests these funds in ethically sound and Shariah-compliant businesses, allowing users to benefit from profit-sharing during the investment period.

Bill Payments through Halal alleviate stress when settling utility bills for services such as DStv, internet, electricity, or water. Loyal customers may enjoy discounts and referral bonuses as added incentives.

In terms of transactions, Halal simplifies peer-to-peer transfers and continually explores innovative solutions for enhancing transaction efficiency. Users can easily transfer funds to other Halal accounts or bank accounts. QR code functionalities are available at partnered establishments, including restaurants and pharmacies.

Halal prioritizes your financial security by granting you complete control over your funds—enabling increased savings and profit accumulation—while protecting you from exorbitant interest rates typically associated with loan sharks.

Security measures are robust; user information is encrypted and securely stored with partnered banks. It is advisable for users to avoid sharing sensitive information. Halal representatives will never request login details or transaction passcodes.

Through partnerships with reputable Shariah-compliant and ethical fund managers, Halal aims to maximize returns on your savings and investments while ensuring the safety of your thrift contributions across all groups within the app. Our KYC measures verify every user’s background—including workplaces and residences—to ensure authenticity within our platform.

Key features of Halal include:

1. Forming or joining a Thrift/Ajo/Esusu/Adashe group
2. Accessing zero-interest loans through a Membership Group
3. Participating in savings contests with opportunities to win rewards
4. Withdrawing funds into bank accounts without incurring fees
5. Enjoying up to ten free monthly money transfers to beneficiaries
6. Awarding bonus points for mobile recharges with potential gift vouchers
7. Paying utility bills and subscriptions with bonus vouchers
8. Earning points through referrals that convert into cash withdrawals monthly

Your experience matters significantly to us; should you face any challenges, please reach out at [email protected] for assistance.