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Safaricom opens a Sh100 door to Shariah-compliant investing

The Ziidi Shariah Money Market Fund gives M-Pesa customers an investment entry point of Sh100, with later deposits starting at Sh10.

By Teqwah Desk06 Oct 16:01Updated 06 Oct 16:011 min read

Safaricom opens a Sh100 door to Shariah-compliant investing — Photo: Capital FM Kenya Business (direct)

Key takeaways

Safaricom has opened the Ziidi Shariah Money Market Fund to M-Pesa customers.
Investing starts at Sh100, with additional deposits available from Sh10.
Customers can access the fund through My OneApp or by dialling *334#.

An M-Pesa customer can begin investing with Sh100 under a Shariah-compliant offering opened by Safaricom, according to Capital FM Kenya Business (direct). The starting amount is the central feature of the Ziidi Shariah Money Market Fund: customers do not need a large initial deposit to get started.

Customers can access the fund through the My OneApp app or by dialling *334#. These are the two entry routes identified in the report. After the opening investment, customers can add money in amounts starting from Sh10, below the minimum required for their first contribution.

The product is a money market fund, a type of investment fund focused on short-term financial instruments. Its Shariah-compliant designation means it follows Islamic financial principles. The source does not detail the fund’s holdings, so that designation should not be read as a description of specific investments.

For business readers, the news brings together M-Pesa customer access, a modest starting amount and a faith-based investment framework. The distinction between the Sh100 opening threshold and Sh10 additional deposits matters: entering the fund and adding to an existing investment have different minimums.

The report does not provide returns, fees or withdrawal terms. Those details, alongside how customers use the two access routes, are what to watch next.