×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Investment bank unveils shariah compliant division

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By AFP 3 hrs ago
Business
France says G7 finance talks 'frank, sometimes difficult'
Business
Africa banks on continental trade agreement to rev up investments
Shipping & Logistics
How 300 containers were stolen from Mombasa port
By John Muia 8 hrs ago
Enterprise
800 youth benefit from 'Glam on Wheels' Initiative