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Originally published by Kenyanstop
August 5, 2026
52m ago
Ruto Reveals Interest-Free Affordable Housing Option for Some Kenyans
Ruto's clarification follows reports of low absorption of the houses in some Muslim-majority counties, with many citing concerns over interest-based financing...
✨ Key Highlights
President William Ruto has announced that Kenya's Affordable Housing Programme now features a Sharia-compliant financing option, allowing Muslim Kenyans to purchase homes without interest, aligning with Islamic law.
- The new option addresses concerns over the low uptake of housing units among Muslims due to the prohibition of interest in Islamic teachings.
- President William Ruto made the announcement on Wednesday, August 5, during a meeting with Muslim leaders at State House, Nairobi.
- The Affordable Housing Act, 2024 paved the way for the incorporation of this interest-free, Sharia-compliant product into the programme.
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