Hijaz Community SACCO

ABOUT HIJAZ Community SACCO

Hijaz Community SACCO Limited is a duly registered organisation with the Ministry of Trade and Cooperatives and supervised by the Uganda Microfinance Regulatory Authority (UMRA). Hijaz operates based on the Shariah-compliant cooperative system.

OUR OBJECTIVES

1. To enable development for low-income earners by giving them access to affordable Islamic credits.

2. To partner with small-scale business owners by providing ethical and sustainable Islamic loans to help them expand and achieve long-term stability.

3. To empower low-income earners with tools and resources for financial independence, supporting Uganda’s Vision 2040 and the UN Sustainable Development Goals.

4. To attract strategic investment from development partners to grow Hijaz Finance and strengthen Uganda’s Islamic banking industry.

5. To foster social cohesion and cooperation through a member platform that enables shared learning, collaborative projects, and mutual community support.

Our Vision, Mission & Core Values

Vision

To be Uganda’s leading Islamic SACCO, empowering members through financial inclusion and supporting transformative, sustainable social enterprises

Mission

To empower members to enhance their savings,acquireshares,access affordable loans,and promote sustainable economic transformation through collective capital mobilization initiatives that align with Islamic business practices.

Core Values

Transparency

Integrity

Professionalism

Efficiency

Non-Partisan

Financial Inclusiveness

50000

Target Members

20

Staff

50

Clients

4

Products

Success Story And Development

Our story of success is one milestone after another

We emphasise corporate order and strategy

Our strategy is built on Corporate Governance, Optimal Management and accountability

Investments

90%

Corporate Governance

71%

Sharia Compliance

100%

Profitability

95%

REGULATORY FRAMEWORK

The Tier 4 Microfinance institutions and Money Lenders Act 2016, the Tier 4 Microfinance institutions and Money Lenders (Money Lenders) Regulations 2018, the Tier 4 Microfinance and Money Lenders (Finances) Regulations 2020, and the Uganda Microfinance Regulatory Authority (UMRA) Guidelines and the Finance Regulation present some level of uncertainty on the regulation for Finances in Uganda.
The current laws and regulations give clear guidelines for the Finances with a minimum core capital of not less than 10% of total assets and institutional capital of not more than Ushs 500 million, and voluntary savings of not more than Ushs. 1.5 billion to be under the regulation of the Uganda Microfinance Regulatory Authority (UMRA). Accordingly, Hijaz is regulated by UMRA.

About Us