Safaricom Investment Co-operative CEO Churchill Winstones, Farah Maalim Advocates Partner Kheira Farah and Eastleigh Business Community Association CEO Mohammed Adan during an investment and networking forum aimed at highlighting real estate investment opportunities for the Eastleigh Business Community as the Society seeks to better serve its customers.
In a significant move towards aligning its investment strategies with Islamic principles, Safaricom Investment Co-operative (SIC) is actively pursuing Sharia compliance. During a recent investment and networking forum held at BBS Mall in Eastleigh, SIC engaged prominent Muslim business leaders, including Mohammed Adan, CEO of the Eastleigh Business Community Association, to discuss its commitment to developing Sharia-compliant investment opportunities.
The forum highlighted SIC’s dedication to delivering transparent and sustainable investments that adhere to Sharia law, reinforcing the organization’s commitment to meet the financial needs of the Islamic community while enhancing collaboration with key stakeholders.
“We deeply appreciate the support of the Islamic leaders and business stakeholders for honoring our invitation. Your trust fuels our mission to deliver competitive, Sharia-compliant products that help transform the socio-economic lives of our investors,” said Churchill Winstones, CEO of Safaricom Investment Co-operative.
Founded in 2009, SIC has been focused on empowering its over 5,000 members, both locally and in the diaspora, through diverse investment opportunities in real estate, marketable securities, and private equity. The organization is committed to expanding its portfolio while adhering to ethical and responsible investment practices, with the recent initiative aiming to achieve full Sharia compliance.
“This year, we set out to align our operations with Sharia law, and today’s event is a reflection of that commitment. We always aim to ensure that all our products and services meet the highest ethical standards and are tailored to meet the requirements of Islamic finance,” Winstones added.
SIC’s portfolio encompasses four main business units: land, housing, business development, and value-added services. Over the past 15 years, the cooperative has executed more than 100 land projects across 14 counties, including Nairobi, Kisumu, and Kajiado. In addition to land investments, SIC is also advancing in the housing sector with seven active projects in Nairobi, Kiambu, Machakos, and Kajiado counties.
Looking ahead, Safaricom Investment Co-operative is committed to empowering communities through sustainable investments, offering value-driven solutions, and leveraging technology to enhance its services. As SIC progresses in its journey toward Sharia compliance, it aims to foster economic growth and development within the Islamic community and beyond.