NON-INTEREST COOPERATIVE SOCIETY · RC: 7796968
Save today.
Secure tomorrow.
ITELORUN MUSLIM COOPERATIVE (IMC) is an international non-interest cooperative society established to promote disciplined savings, mutual support, responsible cooperative financing, investment and economic empowerment. Built on the principle of collective strength, IMC brings members together to save, support one another, develop sustainable opportunities and build a stronger financial future through a cooperative framework committed to interest-free principles.
- ITELORUN — ALAJESEKU
- LENU ISE WA — AO JERE
- NINU EGBE WA — AO JERE
- ASEJERE NI TIWA OOO — AMIN
- Members
- 6,000,000+
- Branches
- 80,000+
- Countries in the network
- 5+
- Minimum savings (Constitution)
- ₦1,000
Members
Branches
Countries in the network
Minimum savings (Constitution)
Figures supplied by IMC Administration and subject to administrative updating and verification.
WHO WE ARE
An international non-interest cooperative society
Our mission is to empower individuals and communities through disciplined savings, mutual support, responsible cooperative financing and productive investment, while maintaining a firm commitment to non-interest principles. We seek to create practical opportunities for members to improve their financial capacity, build sustainable assets, support one another and contribute positively to society.
To help people move away from harmful debt, interest-based borrowing and burdensome financial obligations, while providing a cooperative platform through which people can build a better future.
To support people in building their future through disciplined small savings that can help individuals develop financial strength and become valuable contributors within society within a relatively short period of joining the cooperative.
Our belief is that when a person has no surplus, it becomes difficult to accumulate wealth and participate meaningfully in a cooperative society.
ITELORUN MUSLIM COOPERATIVE is one of the Alajeseku cooperative societies that has grown rapidly and continues to advance within Nigeria and beyond.
INTEGRITY
We conduct cooperative activities with honesty and integrity.
COOPERATION
We believe collective effort creates opportunities and strength.
INTEREST-FREE COMMITMENT
We maintain our commitment to non-interest cooperative principles.
DISCIPLINE
We encourage consistent savings, punctual participation and responsible repayment.
WHAT WE DO
Cooperative services
SAVINGS
The Constitution states that the minimum amount that can be saved is ₦1,000.
DEVELOPMENT
Members are required to maintain development contributions according to IMC's Constitution.
INVESTMENT
Members can participate in the investment structure according to the Constitution.
BASIRI / SOFT LOAN
IMC operates a Basiri/Soft Loan structure subject to the eligibility and repayment provisions contained in the Constitution.
LOAN / EYAWO
IMC provides a cooperative loan structure subject to the conditions contained in the Constitution.
MEMBER SUPPORT
Mutual support and cooperative assistance are provided through the branch and coordinator structure established by the Constitution.
OUR PRINCIPLE
RIBA MUST GO
IMC operates strictly on non-interest cooperative principles. Members save, support one another and grow together without interest-based dealings — a commitment expressed in the cooperative's standing message, RIBA MUST GO.
UPCOMING
IMC 2nd Annual Summit
10 SEPTEMBER 2026
Re-strategize · Innovation · Information
Members, coordinators and leadership gather for the cooperative's second annual summit.
OUR OBJECTIVES
What IMC works towards
- Promote disciplined savings among members.
- Provide an organized cooperative platform for mutual financial assistance.
- Provide non-interest cooperative financing according to IMC's approved rules.
- Encourage sustainable financial habits.
- Promote productive investment.
- Help members build assets and improve their economic capacity.
- Encourage entrepreneurship and productive economic activity.
- Strengthen cooperation among members across branches and countries.
- Maintain proper records, auditing and accountability.
- Develop branches and coordinated structures.
- Promote responsible repayment.
- Provide mutual-support structures.
- Educate members about savings and cooperative participation.
- Promote transparency and responsible leadership.
- Create opportunities for collective development.
- Expand IMC's cooperative network internationally.
- Protect legitimate member interests.
- Operate according to the IMC Constitution and applicable laws.
One community. One cooperative vision.
COOPERATION • SAVINGS • MUTUAL SUPPORT • INVESTMENT • RESPONSIBILITY • INTEREST-FREE PRINCIPLES