7 articles tagged “M Pesa”

How Kenya's Islamic banks and windows bank by phone: DIB's *278# tariff, NBK NatMobile on *625#, KCB's app and *522#, Gulf African's GAB Express, M-PESA paybills, limits, and what to avoid in-app.

After the calculation, where does zakat go in Kenya? Zakat Kenya at Adams Masjid, mosque committees, Islamic Relief Kenya and direct giving compared on registration, channels, reporting and zakat-only policy.

Etica's paybill 4096483 with your client code, the USD route via Equity, free deposits at Equity branches and agents, instant M-PESA withdrawals to Sh 250,000 and how to keep money in the Shariah fund.

Using M-PESA to send, pay and withdraw is a fee-for-service and permissible. M-Shwari interest, conventional Ziidi and Fuliza are not. Where Lipa Mdogo Mdogo and Ziidi Shari'ah sit, with Safaricom's tariffs.
Etica Capital runs Kenya's most accessible Shariah funds: KES 100 entry, instant M-PESA withdrawals, printed profit rates, and a USD class for the diaspora. The governance is self-declared.
Ziidi Shari'ah put a CMA-approved Shariah money market fund inside M-PESA, the biggest distribution event in Kenyan halal finance. The transparency gap is just as big. Both stories, told straight.
M-PESA balances are zakatable cash, full stop. How to count wallet money, Ziidi fund units, chama floats and agent floats on your zakat date, without inventing new rules.