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First Sharia compliant firm gets nod to list on bourse

Nairobi; Kenya: Investment company Kurwitu Ventures will be the first Sharia compliant firm to list on the Growth and Enterprises Market Segment (GEMS) at the Nairobi Securities Exchange (NSE).

The listing and commencement of trading in Kurwitu shares at the NSE will begin on November 13, 2014, after it received regulatory approval. "We are listing on the NSE as an industry pioneer in the provision of tailor made financial products and services that adhere to Islamic Sharia Law," said Kurwitu Ventures Executive Director Abdirahman Abdillahi.

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