In terms of savings or investments, individual believers establish “New Africa Community Service Accounts” with a specific goal such as Eid Al-Adha (Feast of Sacrifice Fund), Hajj (Hajj Performance Fund), Education savings for a child or other loved one, Retirement, Religious Compliant Stock Investing, Janazah and/or Aqeeqah Education Scholarship. Further, CIINJ will establish “Economic Development Fund” accounts based on the principle of Sadaqah. Individual believers may voluntarily make contributions to the Economic Development Fund. Sadaqah contributions on behalf of believers made to CIINJ may be tax deductible. CIINJ uses its discretion when distributing the funds in any or all of the following:
CNB is an African American owned and managed bank that provides strong, trustworthy partnerships to individuals and businesses. Our mission is to build economic strength and improve the quality of life within the communities we serve. Among the solutions CNB provides for individuals and businesses include: Financial literacy and investment education resources, financial planning, checking and savings accounts for individuals and businesses, certificates of deposit, credit and debit cards, prepaid cards, payroll cards, online banking and mobile account access, annuities, mutual funds, IRAs, college savings programs (529 Plans), brokerage accounts, auto insurance (personal and commercial), homeowners insurance and renters insurance, umbrella insurance (personal and commercial), Takaful insurance, Key Person insurance, Workers Compensation insurance, Business Liability insurance, Commercial Property insurance, small business loans, business financial reporting and payroll services.
CIINJ and CNB share a mission of helping communities become healthy and sustainable. The Partnership serves as an opportunity for both organizations to link their complementary missions and develop a strategic alliance to increase the availability of financial information, products and services to the Muslim community and enable believers to accomplish their financial and spiritual needs. The success of the Partnership is largely dependent upon the participation of members. CIINJ and CNB will act as a single aligned enterprise in the interest of participating members. By making our respective processes seamless in service to the participants, we create greater value for their community at large. CIINJ, CNB and individual participants win with: collaboration, innovation and focus on our shared missions, solutions and resources.