Barakaat Deposit Accounts

Islamic Principle:

 Mudarabah.

Account Features:

1. Non withdrawable deposit account.
2. Can be used as collateral for accessing finance.
3. Contributions done on a monthly basis with a minimum of KES. 3,000.
4. Refunded after 60 days upon withdrawal from the SACCO.
5. Profit shared on the basis of business generated by the Shariah compliant activities.

Documentation required:

1. Membership application form.
2. Mudarabah Terms and Conditions.