Safaricom’s Shari’ah money market fund draws 1.5 million users, holds Sh230 million in first month

Listen to articleThe fund seeks to widen access to Shari'ah-compliant investments, particularly among Muslim customers whose religious beliefs restrict them from investing in conventional interest-bearing financial products.Safaricom's faith-based Ziidi Shari'ah Money Market Fund has attracted 1.5 million customers and accumulated Sh230 million in assets under management barely a month after its launch.