Finance & Investment

Etica Special Shariah Fund USD Kenya: How to Invest Ethically in Dollars

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Etica Capital Limited (ECL) is a Kenyan wealth tech company transforming retail investing through technology. The Etica Special Shariah Fund USD allows investors to grow their wealth in US dollars while adhering to Islamic principles of ethical and socially responsible investing. Investors can start with as little as USD 100.

Etica Capital is regulated by the Capital Markets Authority (CMA), ensuring your investments are secure and professionally managed.

Etica Special Shariah Fund USD Overview

The Etica Special Shariah Fund – USD targets investors seeking Shariah-compliant investment opportunities in US dollars. The fund holds a diversified portfolio of Shariah-compliant investments, aiming to offer regular income while protecting investors’ capital.

Key Features:

  • Minimum Investment: USD 100
  • Minimum Top-up: USD 50
  • Risk Profile: Moderate
  • Initial Lock-in Period: 30 days
  • Benchmark: Average Shariah-compliant 3-month USD deposit rate +2% p.a.
  • Management Fee: 2.0% p.a.

Benefits of Etica Special Shariah Fund USD:

  • Ethical and socially responsible investing following Islamic principles
  • Portfolio diversification in USD to reduce local currency risk
  • Regular income potential
  • CMA and trustee oversight ensuring investor protection

How to Access Etica Special Shariah Fund USD

Investors can access the fund through:

  1. Etica Mobile App (iOS and Android)
  2. Web Portal on www.eticacap.com
  3. Manual/Physical Application Form

KYC Requirements for Etica Special Shariah Fund USD Accounts

Individual/Joint Accounts:

  • National ID/Passport copy
  • Recent coloured passport photo
  • Tax certificate or equivalent

Minor Accounts:

  • Parent/guardian ID and photo
  • Birth certificate of minor
  • Parent/guardian tax certificate

Sole Proprietorship:

  • Business registration certificate
  • Proprietor ID and photo
  • Tax certificate

Self-Help Groups / Welfare Societies:

  • IDs and photos of each signatory
  • Committee resolution approving account opening
  • Approved signatories list and constitution
  • Registration certificate

Partnerships:

  • Partner IDs and photos
  • Partnership agreement/deed
  • Written approval from partners
  • Registration certificate

Corporate / Institutional Accounts:

  • Director IDs and photos
  • Memorandum & Articles of Association
  • Board resolution approving account opening
  • Registration certificate & CR12 of ultimate beneficial owners

How to Apply and Fund Your Etica Special Shariah Fund USD Account

Step 1: Open an Account

  • Register via the Etica App, web portal, or manual form.

Step 2: Submit KYC Documents

  • Provide documents based on your account type (see above).

Step 3: Fund Your Account

Payment Options:

  • Bank Transfer (USD Account):
    • Account Name: Etica Unit Trust Collection Account – USD
    • Account Number: 0180285106666
    • Bank: Equity Bank Kenya, Community Supreme Branch, Code 018
  • Equity Bank Channels:
    • Agents, USSD *247#, and branches using Biller Number 919292 and member number
  • Pesalink:
    • Deposit USD using your bank’s app or USSD; funds reflect instantly in your Etica account

Once funded, investments are visible in your Etica App and web portal immediately.

Contact Details

Key Takeaways

  • Start investing in Shariah-compliant USD products from USD 100
  • Ethical investing following Islamic principles
  • Regular income potential with moderate risk
  • Flexible funding and withdrawals through M-PESA, bank, and Pesalink
  • CMA-regulated with trustee and custodian oversight