Safaricom Investment Co-operative (SIC) has stepped up its efforts to align its investment strategies with Islamic principles by being Sharia compliant. During an investment and networking forum at the BBS Mall in Eastleigh, Safaricom Investment Co-operative engaged key Islamic business leaders, including Eastleigh Business Community Association CEO Mohammed Adan, to discuss its journey towards Sharia-compliant investments and strengthen its ties with the Islamic community.
The forum emphasised SIC’s focus on delivering transparent and sustainable investment opportunities that comply with Sharia law, reflecting its commitment to catering to the financial needs of Islamic community members and fostering deeper collaboration.
“Your trust fuels our mission to deliver competitive, Sharia-compliant products that help transform the socio-economic lives of our investors,” said Safaricom Investment Co-operative Chief Executive Officer, Mr Churchill Winstones.
Since its establishment in 2009, SIC has been empowering its investors through offering investment opportunities in real estate, marketable securities and private equity. With more than 5,000 members both in Kenya and the diaspora, Mr Winstones says the society is committed to expanding its portfolio, including being Sharia-compliant, while maintaining ethical and responsible investment practices.
“This year, we set out to align our operations with Sharia law. We always aim to ensure that all our products and services meet the highest ethical standards and are tailored to meet the requirements of Islamic finance,” the CEO said.
Safaricom Investment Co-operative’s portfolio spans four business units: land, housing, business development, and value-added services. Over the past 15 years, the Society has undertaken more than 100 land projects across 14 counties, including Nairobi, Kisumu and Kajiado. Additionally, SIC is also making significant strides in the housing sector with seven projects in Nairobi, Kiambu, Machakos and Kajiado counties.
