I am informed that the fund will be denominated in Kenya Shillings and the aim is to pool funds amounting to Ksh.1 billion. The fund will invest principally in Sharia-compliant opportunities in Kenya and other countries in the Eastern Africa region and may also undertake offshore investments.
The bank intends to invest in money market instruments, equity, structured investments and other collective investment schemes that are all Shariah-compliant. Indeed, this fund will avail investment opportunities to many people, particularly those who could not invest in the available products on account  BIS central bankers’ speeches  1  of faith-based or other risk related restrictions.