Standard Investment Bank (SIB Najah) Mansa-X Shariah Special Fund (KES & USD)
Islamic Investing in Bomet
Kenya's largest Shariah-compliant fund: a CMA-regulated multi-asset special fund from SIB Najah, the Islamic investment banking division of Standard Investment Bank, investing in screened Shariah-compliant instruments across local and global markets. KES and USD classes, each with a 6-month lock-in. Per the CMA's Q1 2026 CIS report the KES fund held about KES 3.0 billion and the USD fund about KES 527.9 million equivalent, making it by far the biggest Shariah special fund in the country. Fund profile: 0% initial fee, 0% redemption fee, 5% p.a. financial services charge prorated daily, performance fee of 10% above a 25% hurdle (KES) and 15% above a 15% hurdle (USD), custodian I&M Bank, withdrawals in 2 to 3 working days (sib.co.ke/najah and SIB Najah Q3 2025 introduction deck, accessed 2026-08-06).
Mansa-X Shariah is the serious end of Kenyan halal investing: real AUM, a named board, global assets and honest lock-in terms. The cost stack is the debate. A flat 5% p.a. plus performance fees above generous hurdles means SIB is paid well regardless; the conventional Mansa-X's double-digit net returns are the family pedigree that justifies it, and the 2025 net returns SIB cites for the Shariah fund were strong, but fee drag in a flat year would sting. For a six-figure KES portfolio wanting managed halal growth it is the default choice. Small savers should start at Etica or Ziidi Shariah and graduate here.
Pros
- Deepest track record and largest AUM in Kenyan Shariah investing
- Fully named Shariah governance, unusual in this market
- Global diversification unavailable in local-only Shariah funds
- Institutional parent (Standard Investment Bank, CMA-licensed since 1995 era of Kenyan brokerage)
Cons
- 5% p.a. financial services charge is steep; returns must clear it before you earn
- Performance fees on top of the flat charge (10% or 15% above hurdles)
- KES 100,000 entry locks out small savers (Etica's Shariah fund starts at KES 100)
- Holdings and fatwa documentation not published
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Product Details
Type
Multi-Asset Special Fund
Min Investment
KES 100,000 or USD 1,000 (top-ups the same)
Fee
5% p.a. financial services charge, prorated daily
Screening Method
Board-supervised screening excluding riba, gharar and non-compliant industries; local and global Shariah-compliant instruments
Standard Investment Bank (SIB Najah) in Bomet
Standard Investment Bank (SIB Najah)'s Mansa-X Shariah Special Fund (KES & USD) is accessible to investors in Bomet, structured as Shariah-screened global multi-asset strategy fund: Kenya's Shariah funds are national digital products reached by app, USSD, and M-PESA, so county matters less than fees and governance. Minimum investment: KES 100,000 or USD 1,000 (top-ups the same). Standard Investment Bank (SIB Najah) serves customers across Kenya, so Bomet residents have full access to this product subject to the eligibility requirements above.
Shariah Compliance & Oversight
SIB Najah's Shariah Advisory Board comprises Sheikh Dr. Islam Mohamed Salim (Chairman), Sheikh Abdirahman D. Guhad (Member) and Sheikh Ibrahim Rashid Mohamed (Member), with Khalfan Abdallah Salim as Secretary. The board comprises Islamic scholars and experts in Islamic jurisprudence responsible for providing guidance on the compatibility of SIB Najah's financial products and services with Shariah law, including screening of the Mansa-X Shariah portfolio (Introduction to SIB Najah / Mansa-X Shariah decks, sib.co.ke, accessed 2026-08-06).
2026-08-06
Why It's Halal
SIB Najah operates under its own named Shariah Advisory Board: Sheikh Dr. Islam Mohamed Salim (Chairman), Sheikh Abdirahman D. Guhad and Sheikh Ibrahim Rashid Mohamed, with Khalfan Abdallah Salim as Secretary, responsible for guidance and screening so investments avoid riba, gharar and non-compliant industries such as alcohol or gambling. The fund is CMA-regulated and domiciled in Kenya. Caveats: the 5% p.a. financial services charge is very high by global fund standards and should be weighed against delivered net returns; the portfolio's specific holdings and the board's fatwa documents are not published on the crawlable pages (sib.co.ke, accessed 2026-08-06).
Regional Availability
Standard Investment Bank (SIB Najah) serves all of Kenya
✓ Available nationwide including Bomet
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Total Value
Ksh 343,778
Contributed
Ksh 130,000
Growth
Ksh 213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
What is Standard Investment Bank (SIB Najah) Mansa-X Shariah Special Fund (KES & USD)?
Why is Standard Investment Bank (SIB Najah) Mansa-X Shariah Special Fund (KES & USD) considered halal?
Is Standard Investment Bank (SIB Najah) Mansa-X Shariah Special Fund (KES & USD) available in Bomet?
What Shariah oversight does Standard Investment Bank (SIB Najah) have?
What financing structure does Standard Investment Bank (SIB Najah) Mansa-X Shariah Special Fund (KES & USD) use?
How do I apply for Standard Investment Bank (SIB Najah) Mansa-X Shariah Special Fund (KES & USD) in Bomet?
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.