Safaricom
PLC and premier Shariah compliant bank, Gulf African Bank, have partnered to
launch Halal Pesa, a Shariah compliant mobile financing solution.
Halal
Pesa becomes the first Shariah-compliant mobile and digital financial solution
in the country. Customers accessing financing through the service will receive the
amount requested in full with a payment period of 30 days at 5 percent
commodity Murabaha margin.
The General
Manager of Gulf African Bank, Abdalla Abdulkhalik said in his remarks that Kenya is now a highly
innovative, interconnected, and fast-paced community that requires solutions on
the go.
“All our
digital offerings including Halal Pesa seek to directly address this aspect.
Our current strategy is focused on digitization for financial inclusion. Our
aim is to provide instantaneous access to internet-free credit through Halal
Pesa and we are also glad that we could partner with a like-minded partner like
Safaricom limited to advance this vision,” he stated.
Oh his
part during the launch, the Chief Executive Officer of Safaricom PLC. Peter
Ndegwa also noted that “ We remain keen on partnerships that enable us to
provide a wide variety of financial solutions that meet the diversified needs
of our customers further broadening financial inclusion to ensure that we leave
no one behind. Gulf African Bank is a strategic partner that will enable us to deliver
affordable and convenient M-PESA Super services such as Halal Pesa that are Shariah-compliant
in accordance to the Islamic faith.”
All
M-PESA customers can access Halal Pesa as a Mini App under the “Grow” option on
the M-PESA Super App and by dialing *334# under “Loan and Savings”.
By: Akoi Danquah
