Standard Investment Bank said on Tuesday that two Mansa-X funds had received international securities identification numbers from the Nairobi Securities Exchange, assigning each fund a unique code for use in financial markets.

The Mansa-X Special Fund (KES) was assigned ISIN KE9930009213, while the Mansa-X Shariah Special Fund (KES) received KE9930009437, according to a statement from the investment bank.

International Securities Identification Numbers (ISINs) are standard codes used to identify securities across financial markets. They help banks, custodians and investment managers track holdings and process transactions.

Nahashon Mungai, SIB’s executive director for global markets and portfolio manager of the Standard Investment Trust Funds, spoke at a signing ceremony at the NSE trading floor in Nairobi.

Mungai said the codes would help financial institutions identify, reconcile and report holdings in the funds more efficiently.

“For an investment fund, identity matters. An ISIN provides a unique, internationally recognized identifier that enables custodians, banks, institutional investors, asset managers and other financial institutions to identify, hold, reconcile and report their investments more efficiently. It enhances the fund’s visibility and supports its integration into the global financial markets ecosystem.”

SIB said the move was intended to support Mansa-X’s growth and make the funds easier to administer across investment platforms and financial institutions.

An ISIN provides a security with a recognised identifier but does not, on its own, mean that it is listed on an exchange.

“Kenya has significant pools of domestic capital and enormous investment potential.  The opportunity is to build the market infrastructure and investment vehicles that can connect these pools of capital to investments both locally and internationally, while enabling Kenya to attract greater participation from global investors.  Nahashon added.

“By aligning our investment infrastructure with international standards, we can strengthen cross-border connectivity and position Kenya more firmly within the global investment landscape,”

SIB targets a broader investor base

Mansa-X operates under Standard Investment Trust Funds (SITF), which is managed by SIB, according to the bank.

The investment range includes conventional and Shariah-compliant products denominated in Kenyan shillings and U.S. dollars. Shariah-compliant funds follow investment principles designed to comply with Islamic law.

SIB said it wanted to broaden the funds’ appeal beyond individual investors to include pension funds, corporations, family offices and international institutions.

The bank also cited the role of the Nairobi Securities Exchange, the Capital Markets Authority (CMA), trustees, custodians and administrators in developing the funds.

SITF held about a fifth of Kenya’s collective investment market

The announcement follows growth in the assets managed by Standard Investment Trust Funds.

In a separate announcement in September, SIB said SITF had assets under management of 188 billion Kenyan shillings ($1.46 billion) at the end of June 2026.

The bank cited the CMA’s second-quarter collective investment schemes report, which put total industry assets at 948.7 billion shillings. Based on those figures, SITF accounted for about 19.8% of the market.

Collective investment schemes pool money from investors and allocate it across assets according to a fund’s objectives. Depending on the product, investments may include shares, bonds and other financial instruments.

The value of such investments can rise or fall with market conditions. Fees, investment strategy and the performance of the underlying assets also affect returns.

Kenya’s CMA regulates the country’s capital markets and publishes information on licensed market participants and collective investment schemes.