{
  "id": 12354146,
  "title": "Safaricom Takes Shari’ah-Compliant Investing to M-PESA Customers",
  "url": "https://urgent.news/2026/10/06/safaricom-takes-shariah-compliant-investing-to-m-pesa-customers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T10:27:53.000Z",
  "source": {
    "name": "KahawaTungu",
    "slug": "kahawatungu",
    "url": "https://kahawatungu.com/safaricom-takes-shariah-compliant-investing-to-m-pesa-customers/"
  },
  "original_language": "en",
  "account": "Safaricom, a major telecommunications company in Kenya, has teamed up with GulfCap Investment Bank (GCIB) to offer M-PESA customers access to Shari'ah-compliant investment products through a digital platform. This new money market fund, named Ziidi Shari'ah, allows users to start investing with just Sh100, and subsequent contributions can begin from as low as Sh10.\n\nCustomers can invest and manage their funds through My OneApp or by dialing *334#, making the service accessible to both smartphone users and those relying on USSD. Safaricom's CEO, Peter Ndegwa, emphasized that the Ziidi Shari'ah product aims to make investing accessible and affordable while respecting the values of the company's customers.\n\nRegulated by the Capital Markets Authority (CMA) and overseen by GCIB’s Shari'ah Supervisory Board, Ziidi Shari'ah operates independently from Safaricom's conventional Ziidi Money Market Fund. The fund is available not only to Muslim investors but also to those seeking ethical investment options.\n\nGCIB CEO, Saud Shahbal, explained that the fund invests exclusively in short-term, highly liquid instruments within Shari'ah-compliant banks. This approach preserves capital and provides daily liquidity, while ensuring returns are free of interest and earned from ethical, permissible activities. Customers can track daily profits, deposit into their Ziidi Shari'ah accounts without fees, and withdraw funds to their M-PESA wallets without incurring any withdrawal charges. There is no maximum investment limit, but customers must adhere to M-PESA transaction limits, including a daily limit of Sh500,000 and a per-transaction limit of Sh250,000.\n\nThe launch of Ziidi Shari'ah broadens M-PESA's role beyond payments and money transfers, positioning the platform as a comprehensive financial services ecosystem for customers to save, invest, and build wealth.",
  "summary": "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 platform. The new money market fund allows customers and businesses to begin investing with as little as Sh100, with subsequent top-ups starting from Sh10. Customers can access Ziidi [...] The post…",
  "key_points": [
    "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."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}