Shariah-stock screening-procedure Shariah-compliant listed-equities in Kenya
Date
2015
Authors
Baricha, Aliabdi S.
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Kenya vision 2030 is the country 's development blue print covering the period 2008 to 2030, it aims at transforming Kenya into an industrialized middle-income country, and among the priority sectors that will see to this vision is the creation of a vibrant and a globally competitive financial service sector. This will create jobs and promote high levels of savings so as to finance Kenya's
overall investment needs and make Kenya the regional financial services hub. The capital markets has been identified as a pivotal driver of the financial service sector, along the dimensions of increasing the accessibility/ deepening of formal financial services, efficiency when it comes to boosting liquidity ratios and the ratio of bonds turnover to bond market capitalization and stability in terms of reducing the volatility in the stock exchange indices.