In an engaging, prime time TV interview in Nairobi, Faizal Bhana, Director – Middle East, Africa and India at Jersey Finance, explored the rising momentum behind Shariah-compliant financing in Kenya, across Africa, and globally. Highlighting its relevance in today’s uncertain geopolitical and economic landscape, Faizal describes this alternative financing model as a transformative tool for diversification, sustainability, and innovation.
During the interview, Faizal refers to the first listing of a Sukuk on the Nairobi Securities Exchange and discusses the possibility of Kenya issuing a sovereign Sukuk, following example of other African economies that have raised billions for infrastructure and economic growth.
Faizal shared insights into Jersey’s role as a trusted partner in international finance. With more than 60 years of experience, Jersey offers an independent and transparent platform ideal for corporates, family businesses, and public entities. He also emphasised the growing importance of tokenisation, which leverages blockchain technology for increased efficiency and accessibility to a wider consumer base. Faizal discussed how Shariah-compliant financing aligns naturally with sustainable finance initiatives, complementing Kenya’s leadership in sustainable finance at a global level.
Following the interview, Faizal was quoted in Business Daily’s article, ‘How about a Shariah-compliant bond? Pundits argue ‘Sukuk’ can help Kenya defuse debt management stress.’
