Kenya Gets a New Islamic Finance Company Nairobi Kenya has a new entrant into Islamic finance after Savanna Ethical Financing Instruments Limited (SEFIL) gets its licence from Kenya business registration service, licence No PVT-MKUM56X6 dated 10th November, 2023. According to SEFIL’s Secretary Mr. Feisal Ibrahim, the company has its offices at KASNEB TOWER, Elgon Road in Nairobi West area. “We are pleased to inform the general public that SEFIL is here and ready to work with all stakeholders in Islamic finance to bring about alternative financing services especially to those who can’t be involved in non-Shari’ah compliant financial services. We deal with both public and private sector clients”, Mr. Feisal said. The company shareholders and directors are members of the society with knowledge, respect and integrity with years of experience in various realms of financial industry both locally and internationally. “We have a capable team lead by Sheikh Issa, Mohamed Hemed, the well-known Tanzanian Islamic scholar and an expert in Islamic finance specifically being a Certified Sukuk Professional (CSP) as well as a guru in capital markets in East Africa, Mr. Robert Mathu, among other professionals at SEFIL”. SEFIL aims to deal in all Islamic finance components like Islamic banking, Microfinance, Takaful, Sukuk bonds, Halal funds etc. indulging in providing consultancy, advisory, trainings, systems setups, product designing and implementation, Shari’ah Advisory, project financing arrangements through Sukuk bonds and other related services in Islamic finance industry. The entry of SEFIL in East African Islamic finance market is expected to boost that industry in the area and SEFIL aims to make Nairobi a regional hub for Islamic finance.