Our Vision
To be the leading Islamic Cooperative Society in Nigeria.
Our Mission
To provide our members with Shariah-compliant, interest-free financial services that promote ethical prosperity, mutual support and community development.
Core Values
Integrity
Transparency
Equity
Community
Spirituality
BECOMING A MEMBER
Registration Form
Fill a registration form online or at the office at a rate of N2,000 only.
Monthly Savings
Make your monthly savings at the office or into designated bank accounts (Minimum of N2,000 and Maximum amount of N75,000)
Monthly meetings
Attend Monthly meetings which takes place every First Sunday at Orelope, Egbeda and Second Sunday at Ota, Ogun state.
Annual Dues
Pay your annual dues at the rate of N2,000 only.
Our Services
Regular monthly savings to contribute to the cooperative pool of funds that facilitate interest-free loans.
Save towards specific goals like education, Hajj, Qurbani or property acquisition.
Save your funds for periodical investment opportunities.
Benevolent loans without interest for members in need.
Asset financing where the cooperative purchases assets (Home and Office Equipments) and sell to members at a profit margin and members repay on installment.
Joint ventures with the cooperative where profits or losses are shared in accordance to Islamic tenets.
This is the Real estate investment of the Cooperative.
This is the School established by the cooperative to cater for the educational needs of the children of members and the general public. It has Nursery, Primary and Secondary sections.
Business financing by the Cooperative where the Mudarib contribute ideas and run the business and the Cooperative provides the fund. Profit or Loss are shared according to the agreed terms.
Supporting farming initiatives that benefits the community.
About Us
It is our great pleasure to welcome you to Benevolent (Egbeda) Cooperative Multipurpose Society (BCMS), Lagos, Nigeria. The society was formed and registered in 2009 under the Lagos State Ministry of Commerce, Industry & Cooperatives with Registration Number L.S.C.S 12360.
BCMS is an Islamic finance system that enable Muslims conduct their economic affairs in Halal manner as directed by Allah(S.W.T) and His Rosul (S.A.W).
Benevolent Cooperative focuses on providing various Islamic finance products that will demonstrate the beauty of Islam and confirm Allah’s generosity, fairness and mercy to mankind either rich or poor. It provides members the opportunity to earn a blessed return on investment as we adhere to the will of Allah through financial transactions.
The Society’s activities include regular savings opportunity to members for the rainy days, interest-free based loan (Qard Hassan), Asset Acquisition (Murabahah), Partnership (Musharakah) among other financial products.
