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Safaricom Takes Shari’ah-Compliant Investing to M-PESA Customers

Safaricom has partnered with GulfCap Investment Bank (GCIB) to launch the Ziidi Shari’ah Money Market Fund giving M-PESA customers access to Shari’ah-compliant investment products through a digital…

  • Safaricom partners with GCIB to offer Shari’ah-compliant M-PESA investing.
  • Ziidi Shari ah fund allows Sh100 start investment, subsequent contributions from Sh10.
  • Customers manage funds via My OneApp or USSD 334#, regulated by CMA.

Rupee gains against US dollar

The Pakistani rupee extended its marginal gains against the US dollar in the interbank market on Tuesday. The local unit closed the day at 277.05, a gain of Re0.01 against the greenback.

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