{"id":1037,"date":"2026-06-02T13:04:39","date_gmt":"2026-06-02T13:04:39","guid":{"rendered":"https:\/\/crescentsacco.com\/?page_id=1037"},"modified":"2026-06-02T14:45:26","modified_gmt":"2026-06-02T14:45:26","slug":"savings-investments","status":"publish","type":"page","link":"https:\/\/crescentsacco.com\/index.php\/savings-investments\/","title":{"rendered":"Savings & Investments"},"content":{"rendered":"\t\t
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Profit-bearing and non-profit-bearing accounts under Shariah contracts.\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Account Categories:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  1. Profit-Bearing:<\/strong> Mudaraba Investment Savings Accounts.<\/em><\/span><\/li>
  2. Non-Profit-Bearing:<\/strong> Current Deposit Account (Qard-Al-Hassan)<\/em>.<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Account Details:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    1. Share Capital Account<\/strong><\/span><\/li><\/ol>
      • Type:<\/strong> Equity membership account (Investment Musharaka<\/em>).<\/span><\/li>
      • Features:<\/strong> Shares purchased by price and amount.
        Value can appreciate based on annual valuation.
        Non-refundable but transferable to new members.<\/span><\/li><\/ul>
        1. Current Deposit Account<\/strong><\/span><\/li><\/ol>
          • Type:<\/strong> Mandatory account (Qard-Al-Hassan<\/em>).<\/span><\/li>
          • Features: <\/strong>Non-profit-bearing.
            No withdrawal restrictions.
            Receives deposits from members at no cost.
            Integrated with M-Pesa for 24\/7 deposits via Pay Bill 364 364.<\/span><\/li><\/ul>
            1. M-Akiba Investment Savings Account<\/strong><\/span><\/li><\/ol>
              • Type:<\/strong> Profit-bearing without fixed term (Mudaraba<\/em>).<\/span><\/li>
              • Features<\/strong>: Requires minimum KES 1,000 monthly savings.
                Routine and regular savings expected.
                Restricted withdrawals: once per quarter on 7-day notice.
                Profit accrues based on the Profit-and-Loss Sharing (PLS) Mechanism.
                Used as a 3x multiplier when assessing financing eligibility.<\/span><\/li><\/ul>
                1. Fixed Investment Savings Account<\/strong><\/span><\/li><\/ol>
                  • Type:<\/strong> Restricted investment placement (Mudaraba<\/em>).<\/span><\/li>
                  • Features:<\/strong> For a specific purpose and term.
                    Participates in profit-sharing based on the PLS Mechanism.<\/span><\/li><\/ul>
                    1. Hajj Investment Savings Account<\/strong><\/span><\/li><\/ol>
                      • Type:<\/strong> Purpose-specific savings (Mudaraba<\/em>).<\/span><\/li>
                      • Features<\/strong>: Facilitates saving for the annual Muslim pilgrimage.
                        Withdrawals limited to twice per year. Withdrawal fee: KES 1,000.
                        Minimum balance: KES 1,000.
                        Profit-bearing via PLS.<\/span><\/li><\/ul>
                        1. Children Investment Savings Account<\/strong><\/span><\/li><\/ol>
                          • Type:<\/strong> Long-term savings for minors.<\/span><\/li>
                          • Features:<\/strong> Profit-bearing account designed to build savings on behalf of children.<\/span><\/li><\/ul>
                            1. Target Investment Account<\/strong><\/span><\/li><\/ol>
                              • Type:<\/strong> Project-linked savings (Mudaraba<\/em>).<\/span><\/li>
                              • Features:<\/strong> Supports long-term savings commitment toward a specific project.
                                Acts as collateral for related financing or guarantees.
                                Limited withdrawal: once per quarter.<\/span><\/li><\/ul>
                                1. Souk Investment Account<\/strong><\/span><\/li><\/ol>
                                  • Type:<\/strong> Market-oriented investment account.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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                                    Key Savings Accounts<\/th>Investment Accounts<\/th>\n<\/tr>\n<\/thead>\n
                                    Share Capital (Equity) A\/c<\/td>Target Investment Savings<\/td>\n<\/tr>\n
                                    Current Deposits (Withdrawable) A\/c<\/td>Fixed Investment Savings A\/c<\/td>\n<\/tr>\n
                                    Souk Investment A\/c<\/td>Hajj Investment Savings A\/c<\/td>\n<\/tr>\n
                                    Ordinary Savings (Operations) A\/c<\/td>Children Investment Savings A\/c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                                    Profit-bearing and non-profit-bearing accounts under Shariah contracts. Account Categories: Profit-Bearing: Mudaraba Investment Savings Accounts. Non-Profit-Bearing: Current Deposit Account (Qard-Al-Hassan). Account Details: Share […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1037","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/1037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/comments?post=1037"}],"version-history":[{"count":19,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/1037\/revisions"}],"predecessor-version":[{"id":1061,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/1037\/revisions\/1061"}],"wp:attachment":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/media?parent=1037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}