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Originally published by The Standard Business
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November 5, 2025
3h ago

Mwalimu Sacco launches Shariah-compliant product targeting Muslims

Mwalimu Sacco launches Shariah-compliant product targeting Muslims

Mwalimu National DT Sacco has launched a Shariah-compliant product known as Mualim...

✨ Key Highlights

Mwalimu National DT Sacco has launched Mualim, a Shariah-compliant financial product aimed at both its Muslim and non-Muslim members. This move comes in response to members' requests for ethical finance options that avoid interest, aligning with Islamic law.

  • The Sacco has approximately 17 percent Muslim members out of a total of 167,000 members.
  • Kenneth Odhiambo, Chief Executive Officer of Mwalimu National DT Sacco, stated the product helps them be more inclusive and expand operations.
  • A Shariah advisory council and dedicated staff will oversee segregated operations, with pre-launch approval from the Sacco Societies Regulatory Authority (SASRA) six months ago.
  • Mwalimu Sacco joins about two other saccos in Kenya offering similar products.

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