4 articles tagged “Ziidi”

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.

Gulf African's 4.9499% 12-month Mudarabah deposit against Etica's Special Shariah Fund and Ziidi Shari'ah inside M-PESA: minimums, liquidity, fees, tax, KDIC cover and who should hold which.
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.
Conventional money market funds are built almost entirely on interest. What a Shariah MMF has to replace, how Kenya's compliant options actually do it, and where verification stops.