Fatima Bello
Member #MB-7821Tier 3 KYCAl-Barakah Multipurpose Cooperative Society, Lagos • Joined March 2023
An illustrative example. This member, their society and every figure here are sample data.
- Main Savings
- ₦1,250,000
- Withdrawable anytime · Auto-credited from dedicated NUBAN.
- Collateral Vault
- ₦300,000
- Pledged equity securing active zero-interest asset financing.
- Total Net Equity
- ₦1,550,000
- Cumulative voting stake on Al-Barakah cooperative ledger.
Dedicated Virtual NUBAN
Partner Bank (sample)- Direct Inbound Account Number
- 9876 5432 10
- Account Name
- Fatima Bello / Al-Barakah Co-op
- Settlement Rail
- Instant Auto-Reconcile
Interactive Installment Financing Application (Murabaha)
Strictly interest-free asset acquisition. The cooperative purchases the equipment from the verified vendor and resells it to you at a fixed, upfront markup with zero compounding debt.
Zero Compounding Guarantee
Unlike commercial loans, late payment penalties cannot be added to loan principal or co-op revenue under AAOIFI rules. If any late charity fine is levied, 100% goes to the society's welfare pool.
Murabaha Contract Breakdown
- Physical Asset Cost
- ₦3,500,000
- Fixed Co-op Margin (8% flat)
- + ₦280,000
- Total Binding Sale Price
- ₦3,780,000
- Required Collateral Equity (20%)
- ₦700,000
- Monthly Installment
- ₦315,000per month for 12 months
Personal Member Activity & Reconciliation
Real-time audit log of Fatima Bello’s deposits, financing events, and dividend credits.
Dedicated NUBAN Inbound CreditVirtual NUBAN
Instant settlement via partner bank · Auto-reconciled to Main Savings
Ref: DEP-9041 • Yesterday, 04:20 PM
+₦150,000SettledCollateral Vault AllocationCollateral Vault
Earmarked savings reserve for pending equipment financing
Ref: SAV-8812 • 14 Oct 2026
+₦300,000SettledSurplus Share Dividend PayoutDividend
Q3 Co-op operational surplus distribution to member sub-wallet
Ref: DIV-2026-Q3 • 30 Sep 2026
+₦45,000Settled