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Investment bank unveils shariah compliant division

Ugas Mohamed, CEO of Capital Markets Authority (center) joined by the Standard Investment Bank management team during the launch of SIB Najah in Nairobi on November 22, 2023. [Denis Kibuchi, Standard]

Standard Investment Bank (SIB) has unveiled a Shariah-compliant investment banking division dubbed SIB Najah, and the division's flagship product, MansaX Shariah.

The launch of the division comes as the Capital Markets Authority (CMA) advocates for inclusivity in the market, which will have Shariah-leaning investors participate fully.

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