Unity Finance Trust is a multipurpose cooperative society providing ethical, interest-free financial services — from savings and asset acquisition to business financing and housing — built on the timeless principles of Islamic finance.
Whether you need an asset, a business loan, a home, or a safe place to grow your savings — Unity Finance Trust has a Sharia-compliant solution designed for you.
Pool daily contributions with a group of members to acquire productive assets — tricycles, machines, equipment — one member at a time, with no interest charged.
Build your savings with monthly contributions and access financing of up to 3× your savings balance when you need it — completely interest-free.
Invest in vetted business ventures or fund your own enterprise through our ethical profit-sharing investment platform, aligned with Mudarabah principles.
Own your home through Musharakah (diminishing partnership) or Istisna (construction financing) — structured to transfer full ownership to you without a single naira of interest.
Access working capital through Qard Hasan interest-free loans or inventory financing through Murabaha cost-plus arrangements tailored for small and growing businesses.
Every member is covered by UFT's self-managed Internal Takaful Reserve Fund — providing collective protection against defaults, equipment loss, and emergencies.
Every product, every service, and every policy of Unity Finance Trust is designed with one purpose — your economic empowerment.
Interest charged on any product or service
Maximum loan multiplier on member savings balance
Structured risk management mechanisms protecting every member
Contribution channels — web platform and POS agent network
We do not publish fake testimonials. Here is exactly what we stand for — verifiable facts you can hold us accountable to.
Every UFT product — savings, loans, group contributions, housing, and investments — is structured without riba (interest) in any form. You repay exactly what you borrow. Always.
✅ Verified — ActiveAll products are reviewed against Islamic finance principles. No product is launched without Sharia validation. Our Sharia Advisory Board appointment is currently in progress.
⏳ Scholar Appointment In ProgressAn independent Audit Committee reviews UFT's finances every quarter. Members receive a full financial report at every Annual General Meeting. No hidden accounts, no hidden fees.
✅ Governance Structure ActiveEvery member is covered by UFT's Internal Takaful Reserve Fund — a collective pool that pays out for hospitalisation, death, emergency, and disability. Mutual protection, not insurance premiums.
✅ Fund OperationalEvery payment, every approval, every admin action is recorded in an immutable audit log. Members can access their full transaction history and download receipts at any time from the portal.
✅ Digital Records ActiveUFT is completing its formal registration as a Multipurpose Cooperative Society with the Corporate Affairs Commission under the Cooperative Societies Law of Kwara State.
⏳ Registration In ProgressHonest answers to what people ask most before joining UFT.
Your funds are held in UFT's cooperative account and managed by an elected Board with independent audit oversight. All transactions are recorded digitally and members receive receipts for every payment. UFT is a cooperative society — not a bank — so funds are not NDIC-insured, but they are governed by Nigerian cooperative law and managed with full transparency. We encourage you to attend AGMs and review financial reports.
Yes — absolutely. UFT charges zero interest (riba) on any product. For Qard Hasan loans you repay exactly what you borrowed. For Murabaha, the markup is fixed at contract signing and disclosed to you before you agree — it never increases. For group contributions, the only deduction is a small Takaful levy (2%) which goes into the welfare fund for members. There are no hidden fees anywhere.
To qualify for a loan you need to: (1) be an active member for at least 3 months, (2) have paid your ₦5,000 registration fee, (3) have completed your orientation session, and (4) have a guarantor who is an existing UFT member or a verified person of good standing. The more you save and participate, the higher your loan eligibility. Loans are interest-free — you repay exactly what you borrow.
There is no fixed minimum for monthly savings — you save what you can afford. However, all members must purchase a minimum of 50 shares (₦1,000 per share = ₦50,000 total) within 6 months of approval. You can spread this across several payments. Share capital is different from monthly savings — shares represent your ownership stake in the cooperative.
You can request a savings withdrawal with 30 days written notice through the member portal. Withdrawals are not permitted while you have an active loan unless your remaining savings exceed 150% of your outstanding loan balance. A minimum balance of ₦10,000 must be maintained. Approved withdrawals are processed within 5–10 working days by bank transfer.
A group of members each contributes a fixed daily amount. The pooled funds purchase an asset (e.g. a tricycle) and give it to one member in the group. The cycle continues until every member has received their asset. Your queue position is assigned when you join. A small Takaful levy (2%) is deducted to fund the welfare reserve. This is the traditional Esusu/Ajo system — fully Sharia compliant.
UFT does not charge penalty interest — that would be riba. If you anticipate missing a payment, inform UFT admin in advance through the portal or by phone. Persistent default without communication will result in your guarantor being contacted. We exist to help members, not to penalise them — but open communication is essential.
No. UFT is open to all Nigerians regardless of religion. Islamic finance principles — transparency, fairness, interest-free transactions, and risk-sharing — benefit everyone. The only requirement is that you accept our terms and conduct your finances with honesty and integrity.
You can pay through: (1) Flutterwave online — card, bank transfer, or USSD directly in the member portal, or (2) direct bank transfer to UFT's account with proof uploaded in the portal. USSD payment is available for members without smartphones. All payments are confirmed within 24 hours and receipts are automatically generated.
Email: support@unityfinancetrust.name.ng | Phone / WhatsApp: 0806 458 7657 | Office: 2nd Floor, Aromkeye Shopping Complex, Ilorin, Kwara State. Office hours: Monday–Friday, 9am–5pm WAT. Members can also submit requests through the portal. We aim to respond within 24 hours.
No middlemen. No gatekeepers. Anyone can register online or through a POS agent — and existing members earn ₦1,000 for every person they introduce.
As a UFT member, you earn ₦1,000 for every person you successfully introduce to the cooperative. There is no limit to how many people you can refer — the more you help UFT grow, the more you earn.
Membership is open to all Nigerians of good character. Take the first step toward financial freedom today.
Apply for Membership Today ›A community-owned cooperative built on ethical principles, collective responsibility, and a deep commitment to the financial empowerment of every Nigerian — regardless of background or income level.
Unity Finance Trust was founded on the conviction that every Nigerian deserves access to dignified, ethical financial services — not burdened by interest, not designed to exploit, but structured to genuinely uplift. We are a cooperative, which means we are owned by our members, governed by our members, and exist solely to serve our members.
We draw on the timeless wisdom of Islamic finance — Mudarabah, Murabaha, Musharakah, Istisna, and Qard Hasan — not as abstract concepts, but as practical, proven instruments that make ethical economic participation possible for everyone.
Unity Finance Trust is not a bank. We do not operate for profit at the expense of our members. Every surplus generated is either reinvested into cooperative services, distributed as dividends to members, or channeled into our Internal Takaful Reserve Fund for collective protection.
Our governance structure ensures that no single individual holds unchecked authority. Every major decision — from financial policies to leadership — is made democratically, with every member holding an equal voice regardless of their savings balance.
To become a leading community finance institution that revolutionizes financial inclusion through a robust, transparent, and ethically driven cooperative platform — empowering individuals and communities with access to non-interest-based financial services, business tools, and collaborative investment opportunities across Nigeria and beyond.
To create an innovative, transparent, and inclusive financial ecosystem that enables individuals to achieve economic empowerment through daily contributions, access to productive business assets, and investment opportunities fully aligned with Islamic finance principles — serving the general Nigerian public without discrimination.
Unity Finance Trust operates under a democratic governance structure where every member has an equal voice. Leadership is elected, accountable, and term-limited.
The highest authority in UFT. Comprising all members, the General Assembly elects leadership, approves budgets, and makes constitutional decisions. Every member holds one vote — regardless of savings size.
A democratically elected Board of 7–9 members governs UFT between General Assemblies. Board members serve two-year terms, renewable once, preventing entrenchment of power.
Qualified Islamic finance scholars review every product before launch, issue compliance certifications, and conduct periodic reviews to ensure ongoing Sharia adherence across all UFT operations.
An independent Audit Committee reviews accounts quarterly and presents audited financial statements at the Annual General Meeting — ensuring full financial transparency for all members.
Reviews and approves all loan applications based on member savings history, repayment capacity, and guarantor quality — ensuring fair and consistent credit decisions.
Handles member disputes and misconduct through a fair, structured process — ensuring every member receives a proper hearing before any sanction is applied.
Every product offered by Unity Finance Trust is crafted to be practical, ethical, and genuinely accessible — whether you are acquiring your first asset, growing a business, or building your family home.
Members pool daily contributions to collectively acquire productive assets. Each member in the group receives their asset in turn — no interest, no collateral beyond the group itself.
Build your savings month by month and access financing of up to three times your balance when you need it — structured entirely without interest.
Invest in vetted business ventures or raise capital for your own enterprise through a structured profit-sharing model — connecting capital with ideas, ethically.
Own your home through ethical, interest-free housing finance — whether purchasing an existing property or constructing a new one from the ground up.
Access working capital, inventory, or expansion financing through compassionate, interest-free business finance instruments designed for Nigerian entrepreneurs at every stage.
Every UFT product is backed by four layers of risk management — so your participation is always secure.
Every member must provide a strong guarantor before joining any financing arrangement. In group contribution cycles, fellow group members who have not yet received their asset serve as natural, committed guarantors — aligning everyone's incentives with the group's success.
A small portion of each member's contribution is ring-fenced into UFT's self-managed Internal Takaful Reserve Fund. This collective pool covers equipment loss, contribution gaps from hardship, and partial default coverage — reported separately and never distributed as profit.
In the event of significant asset price increases due to inflation or market fluctuations, UFT management may implement a board-approved Dynamic Contribution Adjustment to protect the group's purchasing power — always with full advance notice to affected members.
Unplanned mid-cycle exits are treated as risk events. Members wishing to leave must do so before their cycle begins or arrange a replacement member of equivalent standing. Members who exit after receiving an asset must settle all outstanding obligations immediately.
From joining the cooperative to receiving your first asset or loan — every step of your UFT journey is clear, straightforward, and designed to put you in control of your financial future.
Joining UFT and accessing your first product takes as little as four clear steps.
Complete the membership application form online or through a UFT agent. Provide your details, select your area of interest, and nominate a guarantor of good standing.
Your application is reviewed by the Membership Committee. You will be contacted within 5 working days. Upon approval, you pay your registration fee and initial share capital.
Start your monthly savings contributions and join a product group of your choice — whether an asset acquisition group, savings pool, or investment platform.
Receive your asset, access your loan, invest in a venture, or begin your housing finance journey — according to the terms of your chosen product and the progress of your contributions.
This is UFT's most popular product. Members form groups around a shared asset goal and contribute daily until every member has received their equipment.
Your monthly savings build your financial foundation and unlock your borrowing power. The longer you save, the more you can access — all without interest.
Whether you have capital to invest or a business idea that needs funding, the Mudarabah platform connects them — ethically, transparently, and profitably.
Own your home through a partnership with UFT — gradually acquiring full ownership over time, with no interest charged at any stage of the process.
From a compassionate Qard Hasan loan for working capital to Murabaha inventory financing — UFT gives Nigerian entrepreneurs the tools to grow without debt burdens.
UFT operates by a clear code of ethics that every member, officer, and agent is bound to uphold — without exception.
Interest in any form is unconditionally prohibited across all UFT products, services, and transactions. No member, officer, or agent may impose or accept interest. Violation is grounds for immediate disciplinary action and potential expulsion.
Disputes are resolved through a structured three-tier process: first through the relevant Committee, then before the full Board of Directors, and finally — for matters of Sharia interpretation — before the Sharia Advisory Board, whose ruling is final and binding.
Every member's financial information — savings balance, loan history, contribution levels — is strictly private. Officers and committee members who access records in the course of their duties are bound by confidentiality. Breach is treated as a serious disciplinary offense.
Our appointed Sharia Advisory Board provides ongoing oversight of all products and services. No new product may be offered to members without a formal Sharia compliance certificate. Members may refer any transaction for Sharia review at any time.
Membership is open to all Nigerians of good character who are committed to ethical financial practices and collective prosperity. Complete the form below and our team will contact you within 5 working days.
Whether you are ready to apply for membership, have questions about our products, or would like to explore a partnership with UFT — our team is available to assist you. You can join from anywhere in Nigeria.
Complete this form to begin your application. All fields are required.
By submitting, you agree to be contacted by UFT regarding your application. Your information is kept strictly confidential.
We are here to help. Reach us by phone, WhatsApp, email, or visit our office in Ilorin, Kwara State.
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This Privacy Policy explains how Unity Finance Trust (UFT) collects, uses, stores, and protects your personal information in accordance with the Nigeria Data Protection Regulation (NDPR) 2019 and the Nigeria Data Protection Act 2023.
Unity Finance Trust Multipurpose Cooperative Society ("UFT", "we", "us", "our") is a registered cooperative society operating in Kwara State, Nigeria. We provide ethical, interest-free financial services to our members.
Data Controller: Raifu Adekunle, Founder & President
Address: 2nd Floor, Aromkeye Shopping Complex, Ilorin, Kwara State, Nigeria
Email: support@unityfinancetrust.name.ng | Phone: 0806 458 7657
We do not sell your personal data to any third party. We may share your data only with:
Under the Nigeria Data Protection Regulation, you have the right to:
To exercise any of these rights, email us at support@unityfinancetrust.name.ng
We retain member records for a minimum of 7 years after account closure, as required by Nigerian financial regulations. After this period, data is securely deleted.
Our portal uses session cookies only — to keep you logged in during your visit. We do not use advertising or tracking cookies. You can disable cookies in your browser settings, but this may affect portal functionality.
Our services are for adults aged 18 and above. We do not knowingly collect personal data from minors. If you believe a minor has registered, contact us immediately.
We may update this policy periodically. Members will be notified via the portal and by email at least 14 days before changes take effect.
Email: support@unityfinancetrust.name.ng | Phone: 0806 458 7657
Address: 2nd Floor, Aromkeye Shopping Complex, Ilorin, Kwara State, Nigeria
By applying for membership or using any UFT product, you agree to be bound by these Terms and Conditions. Please read them carefully.
A non-refundable registration fee of ₦5,000 is payable upon membership approval. This fee covers administrative processing and your membership certificate.
Every member must purchase a minimum of 50 shares at ₦1,000 per share (₦50,000) within 6 months of membership approval. Failure to meet this requirement may result in account suspension.
All new members must attend a mandatory orientation session before accessing loans and advanced products. Orientation may be in-person or online.
All UFT loans are interest-free (Qard Hasan). You repay exactly what you borrow — no hidden charges, no interest, no penalties for early repayment.
Your guarantor accepts joint liability for your loan. If you default, UFT reserves the right to recover outstanding amounts from your guarantor.
UFT reserves the right to suspend or expel a member for:
Expelled members forfeit their shares and savings will be returned after deducting any outstanding obligations.
UFT is a cooperative society, not a bank. We are not regulated by the CBN. Member funds are not insured by the NDIC. UFT will at all times manage member funds responsibly and transparently, but members acknowledge the inherent risks of cooperative participation.
These terms are governed by the laws of the Federal Republic of Nigeria. Any disputes shall first be resolved through UFT's internal dispute resolution process, then by mediation, and finally by the courts of Kwara State.
UFT may amend these terms with 30 days notice to all members via the portal and email. Continued use of UFT services after the notice period constitutes acceptance of the amended terms.
Email: support@unityfinancetrust.name.ng | Phone: 0806 458 7657
These Bye-Laws govern the internal operations, governance, and obligations of Unity Finance Trust Multipurpose Cooperative Society in accordance with the Cooperative Societies Law of Kwara State and the Federal Cooperative Societies Act.
1.1 The Society shall be called Unity Finance Trust Multipurpose Cooperative Society (hereinafter referred to as "the Society" or "UFT").
1.2 The registered office is located at: 2nd Floor, Aromkeye Shopping Complex, Ilorin, Kwara State, Nigeria.
The objects of the Society are to:
3.1 Membership is open to any Nigerian adult of good character who accepts these Bye-Laws.
3.2 Applications must be submitted via the official portal with required identification documents.
3.3 The Board of Directors has the right to approve or reject any application.
3.4 A member may resign by giving 30 days written notice, subject to settlement of all outstanding obligations.
A Sharia Advisory Board of at least one qualified Islamic scholar shall oversee the Sharia compliance of all UFT products. Current Advisory: [TO BE APPOINTED]
An independent Audit Committee of 3 members shall review UFT finances quarterly and report to the General Assembly.
5.1 An Annual General Meeting (AGM) shall be held once per year, within 6 months of the financial year end.
5.2 An Extraordinary General Meeting may be called by the Board or by petition of 25% of active members.
5.3 Notice of meetings shall be given at least 14 days in advance via the portal and other means.
5.4 Quorum shall be 30% of active members or 20 members, whichever is lower.
The financial year of the Society runs from January 1 to December 31 of each year.
7.1 Any operational surplus shall be distributed as follows:
The Society may only be dissolved by a resolution passed by at least 75% of members at a duly convened General Meeting, and with the approval of the Kwara State Cooperative Authority. Upon dissolution, all assets shall be distributed equitably among members after settling all liabilities.
2nd Floor, Aromkeye Shopping Complex, Ilorin, Kwara State, Nigeria
Email: support@unityfinancetrust.name.ng | Phone: 0806 458 7657
Unity Finance Trust is committed to operating all financial products and services in full compliance with Islamic finance principles (Sharia). All products are interest-free (riba-free) and structured to avoid prohibited elements including gharar (excessive uncertainty) and maysir (speculation).
UFT was founded on the principle that financial services can be both inclusive and ethical. Every product we offer is structured in accordance with established Islamic finance contracts. We do not charge interest (riba) in any form — not as a named interest rate, not as a processing fee that scales with loan amount or time, not in any disguised form.
All UFT products are subject to Sharia review by our Advisory Board.
Sharia Advisory Board: [TO BE APPOINTED — Qualified Islamic scholar with expertise in Islamic finance]
The Advisory Board reviews new products before launch, issues Sharia compliance certificates, and conducts annual compliance audits. Their findings are reported to the AGM.
Member savings are held in trust (Wadiah). UFT guarantees return of the full principal. No return is promised or paid on savings — any surplus distributed is at UFT's discretion as a gift (hibah), not a contractual return.
UFT provides benevolent loans where members repay exactly the amount borrowed with no addition whatsoever. This is the purest form of Islamic finance and an act of brotherhood encouraged by the Quran (2:245).
Group contribution cycles (similar to traditional Esusu/Ajo) are permissible in Islamic finance as they involve no interest, no uncertainty, and no exploitation. A small Takaful levy is deducted to fund the welfare reserve.
Mudarabah is a profit-sharing partnership where one party provides capital (rabb-ul-mal) and the other provides management and labour (mudarib). Profits are shared at an agreed ratio. Losses are borne by the capital provider only, unless the mudarib was negligent. This contract is explicitly permitted in Islamic jurisprudence.
Diminishing Musharakah (Musharakah Mutanaqisah) involves UFT and the member jointly purchasing a property. The member gradually purchases UFT's share through regular payments until full ownership transfers. No interest is charged — the member pays rent on UFT's share until it is fully purchased.
Istisna is a manufacturing or construction contract where UFT commissions construction of a property for a member at an agreed price. The member repays the agreed price in installments. The price is fixed at contract signing — no additional charges accrue with time.
In Murabaha, UFT purchases goods or inventory required by a member and sells them at a disclosed cost-plus markup. The markup is fixed at contract signing and does not increase with time. Full transparency of cost and markup is mandatory.
The Internal Takaful Reserve Fund is a collective risk-sharing pool. Members contribute to the fund as an act of mutual assistance (ta'awun). Claims are approved by the Welfare Committee based on eligibility criteria. This mirrors the Islamic principle of cooperative insurance.
Any member who has concerns about the Sharia compliance of any UFT product is encouraged to raise it with the Board. We welcome scholarly dialogue and are committed to continuous improvement of our compliance standards.
Email: support@unityfinancetrust.name.ng | Phone: 0806 458 7657
Sharia Advisory: [TO BE APPOINTED]
UFT is committed to preventing money laundering, terrorist financing, and financial crime in compliance with the Money Laundering (Prevention and Prohibition) Act 2022, the Terrorism (Prevention and Prohibition) Act 2022, and NFIU guidelines for Designated Non-Financial Institutions (DNFIs).
As a cooperative society handling member funds, UFT is classified as a Designated Non-Financial Institution (DNFI) under Nigerian law. We are legally required to:
UFT applies enhanced due diligence to Politically Exposed Persons and their immediate family members. PEPs must declare their status during registration. This does not disqualify anyone from membership but requires additional verification.
UFT monitors all member transactions for:
UFT will file a Suspicious Transaction Report (STR) with the NFIU for any transaction that raises reasonable suspicion of money laundering or terrorist financing. This is a legal obligation and will be done without notifying the subject of the report (tipping off is a criminal offence).
All KYC documents and transaction records are retained for a minimum of 5 years after the end of the business relationship, as required by the Money Laundering (Prevention and Prohibition) Act 2022.
UFT administrators are trained on AML/CFT obligations, red flags, and reporting procedures. Training is refreshed annually.
AML/CFT Compliance Officer: Raifu Adekunle (Founder & President)
Contact: support@unityfinancetrust.name.ng | 0806 458 7657
If you suspect any financial crime within UFT, report confidentially to:
Email: support@unityfinancetrust.name.ng
NFIU Hotline: 09-9047129 | nfiu.gov.ng
This policy explains how members can withdraw savings, redeem shares, and how refunds are processed for cancelled or rejected applications.
Members who wish to withdraw savings must give 30 days written notice via the portal or in writing to the UFT office.
Approved withdrawals are processed within 5–10 working days from the approval date. Payment is made by bank transfer to your registered bank account.
Shares may not be redeemed during the first 12 months of membership. After 12 months, members may apply to sell shares back to UFT at par value (₦1,000 per share), subject to UFT's liquidity position.
Members may transfer shares to another existing UFT member with Board approval. Transfers are recorded in the share register and a share transfer certificate is issued.
Upon resignation or expulsion, shares are redeemed at par value after deducting any outstanding obligations. Payment is made within 30 working days.
If a member overpays a loan installment, the excess amount is credited to their savings account. Refund to bank account is available on request within 5 working days.
If a member makes a duplicate payment or pays the wrong amount:
If a welfare claim is not approved, the Takaful levy contributions that funded the claim request are not refunded — they remain in the collective pool for other eligible members. This is the nature of Takaful (mutual insurance).
Email: support@unityfinancetrust.name.ng | Phone: 0806 458 7657
Office: 2nd Floor, Aromkeye Shopping Complex, Ilorin, Kwara State
Office Hours: Monday–Friday, 9am–5pm WAT