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TAAKULO PROGRAM

our products

Tailored Financial Solutions within Islamic Finance

oUR PRODUCTS

At Maal Microfinance, we offer a suite of services that adhere strictly to the principles of Islamic Sharia finance. Our financial products are designed to meet the diverse needs of our customers, including potential clients, by providing ethical and equitable solutions.

Murabah

A cost-plus financing agreement where the seller and buyer agree on the cost and markup of an asset. Murabah facilitates transparent transactions, ensuring fairness for both parties.

Mudarabah

A profit-sharing financing model that forms a partnership where profits are distributed between the investor and the entrepreneur according to a pre-agreed ratio.

Musharakah

A joint enterprise or partnership structure in which partners share in the profits and losses in a joint enterprise.

Istisna

A contract arrangement where a buyer places an order for goods to be manufactured or
built, with specific requirements. It's particularly useful for project financing.

Bay Salim; Bai’ Salam

An advance payment sale that allows buyers to pay upfront for goods tobe delivered at a future date. It’s particularly useful for financing of agriculture.

Ijarah

An Islamic leasing agreement where the lessee benefits from using an asset in exchange for a rental payment, without transferring ownership.

Tooko Service

An innovative adaptation of the traditional Somali Ayuuto/Hagbad system, designed to meet the financial inclusion needs of the low-income segment and small businessowners, promoting a culture of savings and investment.

Benefits of tooko service

For Individuals

Offers investment opportunities, free business consultation, and future investment plans.

for the Organization

Helps in acquiring reliable clients and targeting the community effectively.

To the Society

Encourages job creation and fulfills the social responsibility of the organization. Our Additional Support Services:

Our Commitment to diversity

Experience shows that our differences fuel innovation for our company, clients and communities. We bring different voices, backgrounds and perspectives into our workforce—and nurture and celebrate them once they’re here. We treat everyone with respect, dignity and fairness. We empower each person to develop their Confident Self to the fullest. We’re committed to making a positive impact in the lives of others.

Tooko service

Tooko service is a traditional Somali Ayuuto/Hagbad innovation designed to address financial inclusion needs of low-income individuals and promote a commitment culture among small business owners.

Talo maal

Offers free business consultation to both startups and existing businesses, aiding in the growth and development of small enterprises in Somalia.

Maal Dhowr

Xisaab Maal is a platform designed the small business owners to record, classify and summarise their financial transactions, we provide free theoretical and practical learning sessions.

Xisaab maal

A digital platform designed for small business owners to efficiently manage their financial transactions, supported by free theoretical and practical learning sessions.

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