Interest-free · Shariah-compliant
Finance built on trust, not interest.
Al Barkah is Ahmedabad’s member-owned Islamic cooperative society — helping families and small businesses save, grow and borrow without riba.
2020Established
9 Nov 2020
9 Nov 2020
Who we are
A cooperative movement for exploitation-free finance.
Al Barkah Credit & Consumer Co-operative Society Ltd. is a voluntary, non-political, non-profit organisation registered under the Gujarat Co-operative Societies Act, 1961. We promote Service Charge Based Microfinance (SCBM) so that people can break free from interest-based lending by banks, moneylenders and informal groups.
અલ બરકહ ક્રેડિટ એન્ડ કન્ઝ્યુમર કો-ઓપરેટીવ સોસાયટી લિમિટેડ — સહકાર અને નૈતિકતાની શક્તિ.
- Cultivate saving and mutual cooperation among members
- Easy, interest-free financing for real needs
- Members’ funds invested only in halal businesses
- Open to every resident of Ahmedabad — regardless of religion or caste
Our services
Shariah-compliant products for every stage of life.
Save, invest and borrow — all without paying interest.
01
Saving Account
Monthly savings from ₹100 up to ₹5,00,000. Withdraw whenever you need.
Learn more →
02
Daily Deposit Account
Save ₹50–₹20,000 a day with doorstep collection — ideal for daily-income earners.
Learn more →
03
Growth Fund Account
Shariah-compliant investment savings — your money works only in halal trade.
Learn more →
04
Business Loans
Murabaha, Musharaka, Mudarabah & Ijara financing for traders and micro-enterprises.
Learn more →
05
Simple / Gold Loan
Interest-free simple loans and secured gold loans on a service-charge basis.
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06
Home Appliances Loan
Essential home appliances for your family on easy instalments, no riba.
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07
Vehicles Loan
Two-wheelers and vehicles for work and family — financed the halal way.
Learn more →
08
Murabaha / Ijara
Asset-backed cost-plus and lease financing — like auto-rickshaws for livelihood.
Learn more →
Our performance
Numbers that reflect a community’s trust.
0+
Members
0
Murabaha Loans
0
Simple Loans
0
Business Loans
How to join
Become a member in three simple steps.
- 01
Visit or call us
Reach our Rakhiyal head office or call +91 79848 38258. Our team will guide you.
- 02
Submit proof of residence
Any resident of Ahmedabad city can join with valid proof of residence.
- 03
Buy one share (₹100)
Purchase at least one share of ₹100 — and start saving and applying for interest-free financing.
Our principles
Ethics are not a feature. They are the foundation.
“The believers, in their mutual mercy, compassion and sympathy, are like one body.”
— Sahih Muslim
Cooperative principles
Owned and governed by members, one community working for each other.
Service-charge based microfinance
Transparent service charges instead of interest — no riba, ever.
Financial prudence
Compliance with cooperative law and prudent financial practices.
Professional governance
A qualified board, published balance sheets and quarterly reports.
Social performance
Serving entrepreneurs, unemployed youth, women in business and the underprivileged.
Glimpses
Moments from our community.
FAQ
Questions members ask us.
Can’t find your answer? Ask our chat assistant or message us on WhatsApp.
Is Al Barkah really interest-free?
Yes. Al Barkah follows Service Charge Based Microfinance (SCBM). We do not charge or pay riba (interest). Financing is offered through Shariah-compliant models such as Murabaha, Musharaka, Mudarabah and Ijara, with transparent service charges.
Who can become a member?
Any resident of Ahmedabad city can become a member by submitting valid proof of residence and purchasing at least one share of ₹100. Membership is open to everyone, regardless of religion or caste.
What savings accounts do you offer?
Saving Account (monthly deposits from ₹100 up to ₹5,00,000), Daily Deposit Account (₹50 to ₹20,000 per day with doorstep collection; minimum balance ₹500) and Growth Fund Account (Shariah-compliant investment savings).
What loans are available?
Business Loans, Simple (interest-free) Loans, Gold Loans (secured), Vehicles / Auto Finance Loans, Home Appliances Loans and Murabaha / Ijara financing — all without interest.
Is Al Barkah a registered society?
Yes. Al Barkah Credit & Consumer Co-operative Society Ltd. is registered under the Gujarat Co-operative Societies Act, 1961 (Reg. No. REG/AHD/(C)/SE(SH)45954/2020) and was established on 9 November 2020.
How do I contact Al Barkah?
Call or WhatsApp +91 79848 38258, email info@albarkah.in, or visit our head office at K-110, Safal-8, Near Ajit Mill Cross Road, Rakhiyal, Ahmedabad – 380023.
Visit us
Head Office — Rakhiyal
K-110, Safal-8, Near Ajit Mill Cross Road, Rakhiyal, Ahmedabad, Gujarat – 380023