Who We Are?
Crescent Takaful Sacco Society Limited (CTS) is the first Shariah-Compliant Sacco in Kenya and the greater East Africa region. Crescent Takaful Sacco is registered by the Commissioner of Co-operatives, Department of Co-operative Development. CTS is seeking a deposit-taking license from the Sacco Society Regulatory Authority (SASRA) to operate Front-Office Financial Services commonly known as FOSAs.
The Sacco will enhance financial inclusion and complete the Islamic financial infrastructure in Kenya. We have an over-arching objective to provide financial services to all Kenyans with a strategic focus on the largely un-banked and under-served communities. These include rural farmers, pastoralists, and lower-income urban communities irrespective of religion, gender, race or creed.
CTS is the third Sacco to be licensed to serve the diaspora after the UK Diaspora Sacco and the US Diaspora Sacco. However, CTS is the only Sacco to have been licensed to provide diaspora services on a global scale without any jurisdiction restrictions.
CTS has been licensed and is being established as a model Sacco boasting of sound corporate governance structures; a dynamic, experienced and specialist management; a robust ICT platform and financial services delivery infrastructure; a firm capital base; and ability to provide simplistic but relevant and competitive products to the community.
CTS is principally promoted by Crescent Investment Co-operative Ltd and Takaful Insurance of Africa (TIA) Group together with leading personalities in diverse fields in Kenya. Just like TIA, CTS has a unique proposition. A Shariah-based model of shared responsibility, collective undertakings, and mutual assistance of members by members themselves.
We are an equal-opportunity employer and service provider (financier) for all. Even though Shariah-Compliant, the Sacco will serve all Kenyans of all faiths as we expand our presence nationally and internationally.
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How We Do?
Our Company Vision
To provide outstanding Ethical and Shariah-Compliant financial solutions globally
We Champion the Socio-Economic Empowerment of our Members Globally.
Our Tag line
Ethical Partnerships for Progress.
Our Core Values
Ethics: Partnerships: Progress
We believe in creating and sustaining strong partnerships with our members, our staff and all other stakeholders in the community. Our colours of orange and purple boldly reflect our views of engagement. We exude warmth, energy, enthusiasm, and treat our stakeholders with utmost respect, dignity and royal nobility. Indeed, our client service call is that ‘royalty leads to loyalty’.
Meet the Team
Hassan BashirBoard Chairman
Mr. Bashir has held key Executive positions over the last 16 years in the Insurance and Technology sectors in the East Africa Region. He has also been involved in higher education and has taught at the United States International University (USIU) Chandaria School of Business, in Nairobi, Kenya since the year 2001.
Mr. Bashir is the Founder and Managing Director of the first Shariah Compliant Takaful Operator in the region. Takaful Insurance of Africa Ltd (TIA) is a pioneering Takaful Insurance company which has introduced a new and exciting ethical perspective to risk management in Kenya.
He is a member of the Board of Directors of the Association of Kenya Insurers (AKI); and Chairs the Ethics and Self-Regulation Committee of the AKI Board. He is a Mentor, an Educator and an Entrepreneur. Mr. Bashir holds BSc International Business (IBA) USIU San Diego and MBA (Marketing) from USIU, Nairobi.
Mr. Abdi Barre DualDirector
Originating from Garissa County, Mr. Duale has been in Pharma business for the last 20 years as a Director of Medina Chemicals, Nerix-Pharma and Medina Pharmaceuticals. He has extensive knowledge and has established the best marketing and distribution structure for Veterinary Pharmaceutical products in northern Kenya and the Horn of Africa region. Mr. Duale is re-known for his passion for customer service and marketing.
He has also been in the hotel industry for the past 10 years and is the current Chairman of Nomad Palace chain of hotels. He holds an MBA in International Business from Edith Cowan University. .
Antone WamburaExecutive Director
Antone is a career financial services practitioner with experience in commercial banking, insurance, fund management, microfinance and co-operatives. He has played a pivotal role in deepening Islamic Finance in Kenya having engaged the Capital Markets Authority (CMA) and Insurance Regulatory Authority for licensing of Islamic Investment Banking and Takaful operators in Kenya.
He was the founding Head of Credit & Risk at First Community Bank (FCB); founding Head of Investments of FCB Capital Ltd; and the founding Head & Principal Officer of FCB Takaful Insurance Agency Ltd. All these are pioneer Islamic institutions in the financial industry in Kenya and the East African region. He is an economist from Egerton University.