Opportunities at HEVA

1. Shariah-Compliant Financial Service Providers (FSPs) Partnering with HEVA Fund LLP to Support Financial Inclusion for Muslim Participants under the Sanara Program

The HEVA Fund is looking to enhance financial access and inclusion for Muslim participants in the cultural and creative industries through Shariah-compliant financial products, including Islamic loans and Takaful (Islamic insurance) solutions. This partnership will ensure that all products and services offered align with Islamic financial principles and meet the needs of diverse Muslim communities

Scope: The selected Shariah-compliant FSP will be responsible for the following:

1. Client Acquisition and Onboarding:
- Identify and onboard eligible Muslim youth and women in CCIs, including those from vulnerable or marginalized communities.
- Ensure that onboarding adheres to Shariah principles and HEVA’s ethical and inclusion standards.

2. Financial Product Development and Delivery:
- Design and deploy Shariah-compliant financial products (e.g., Murabaha, Mudarabah, Ijara, Qard Hasan) that align with Islamic finance principles. - Provide Takaful solutions for risk coverage in accordance with Islamic guidelines. Offer flexible, culturally sensitive product features including repayment structures and grace periods.

3. Capacity Building and Financial Education:
- Deliver financial education programs tailored to Muslim youth and women entrepreneurs, incorporating Islamic finance principles.
- Conduct outreach and awareness activities in Muslim communities to promote participation.

Read the full TOR here

*Applicants must be based in Kenya.