Mohamed Muktar Shidiye

All parliamentary appearances

Entries 21 to 30 of 219.

• 18 Oct 2016 in National Assembly: Thank you, Hon. Speaker, for giving me this opportunity. The insurance industry is big and it needs to grow. This introduction of Takaful and lesser days in compensation, for instance 30 days, is very important. view
• 18 Oct 2016 in National Assembly: is a new Islamic window. Long time ago, we never had these Takaful products. So, many Muslims were not benefiting from insurance. However, when Takaful came, many The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 18 Oct 2016 in National Assembly: people were convinced and it is in line with Islamic thinking and philosophy, which to me is very important to keep in your religion. The normal insurance products were not really in tandem with the ideology and the Islamic faith. The introduction of Takaful insurance will certainly change and bring more investments which will in turn create more employment. Similarly, since we introduced the Sharia compliance banks, we have seen the banking industry grow. Many people have been employed. It enabled many Muslims to bank with them and benefit from good products that are tailor-made for their own interests. view
• 18 Oct 2016 in National Assembly: The insurance industry, as it is today, is riddled with a lot of problems. We have seen many insurance companies go under. This is because of poor governance, poor leadership and lack of integrity. It is high time the Insurance Regulatory Authority (IRA) came in to control this industry. We had insurance companies such as Blue Shield which went under because of bad management. We used to say that the Government was guilty of underhand dealings and corruption, but even in the private sector things are not very rosy. The issue of delays needs to be addressed. A period of ... view
• 18 Oct 2016 in National Assembly: Today, English is the richest language in the world because it has embraced other languages. The word “ Hashish ” is an English word originating from Arab. There are many Kikuyu, Somali and Arabic words which have been taken up in English. So, English is rich because it has borrowed words from other languages. That is why we must domesticate the word “ Takaful” as an English word. In America we had “ergonomics of economics”. Those words never existed but somebody coined them. Those are important things that need to be addressed. The other thing we need to do is ... view
• 18 Oct 2016 in National Assembly: end of the year, if you have been a good driver with no record of accidents, the day you get an accident you merit bonus. Those are the kind of products in Takaful. Unlike in the conventional insurance system, in Takaful you do not lose. So, inclusivity must be allowed. We must embrace even other cultures when they come up with their own insurance or ways of dealing with such issues. It must be supported by all and sundry. With those few remarks, I beg to support. view
• 12 Oct 2016 in National Assembly: Thank you, Temporary Deputy Speaker, for giving me this opportunity. This is one of the best Bills that have ever come to this House. The Institute of Directors of Kenya Bill is a stock genius in the Kenyan political parlance and corporate governance in this country. Why do I say this? For far too long, this country has had many issues of governance with corporations. Many parastatals have gone on adventure with the taxpayers’ money. It is very unfortunate that if you look at KQ, for instance, we had Eng. Naikuni, who brought the company up. It became very colourful ... view
• 12 Oct 2016 in National Assembly: The Mwongo zo, which was done by the team led by Hon. Abdikadir, was a wonderful document. They wanted to streamline parastatals. We have so many parastatals and some are idle. They do not even have money to run any developmental agenda. Some are just depending on the Exchequer release for their salaries. Those parastatals must be brought together. They must be collapsed because some of them are pensioners. The officers are just earning salaries and do not do any work. This Bill has come at the right time. It is very good because it will bring discipline, order and ... view
• 12 Oct 2016 in National Assembly: We ask ourselves why such people have been appointed. We have people who have been appointed chairmen of parastatals and have run them down. When they move to other parastatals, the same thing happens. They become directors in other parastatals, they attend board meetings from one parastatal to another throughout, yet they do not add any value. It is very unfortunate. When somebody is appointed and is not adding value to the Kenyan people, the best thing is for him or her to exit. Sometimes I believe in what Chinese do. If you are corrupt, they will not spare you. ... view
• 12 Oct 2016 in National Assembly: are told universities are the best places for learning which have the best thinkers and academicians. What people do there is shocking. I am sure the Institute of Directors will come with rules, regulations and bylaws to make sure that things are done properly and professionally so that we can move ahead. Time has come for us to change. In the days of the Kenya African National Union (KANU), illiterate people were being appointed as members of boards of directors. We had directors like the late Mulu Mutisya and Kariuki Chotara, who were illiterate, sitting in boards. They could not ... view