Spotlight
Yasin Abu Bakr
Founder and Chairman, Alif Laa Meem Enterprises
At a construction site on Nairobi’s eastern edge, a dozen men lift a precast wall panel into position. The panels—light, reinforced, and built for speed—belong to a pilot housing project financed through Alif Laa Meem Enterprises. Its founder, Dr. Yasin Abu Bakr, watches from a distance, hands in his pockets, phone pressed to one ear. For him, the structure isn’t just concrete. It’s proof of a financial model he’s spent two decades refining: Islamic capital applied to the African context.
Born in 1974 in Nairobi, Abu Bakr was the youngest of six children. His father died when he was young, leaving his mother to manage a growing family and a network of State House allies. She traded consumer goods across the city and bought low-cost housing plots at a time when few women did. Her small empire, later valued at roughly $3 million, became his first case study in capital flow and asset appreciation.
Educated at St. Mary’s School in Nairobi, he left Kenya in his teens for Northeastern University in Boston, studying finance and insurance while enrolled in the Reserve Officers’ Training Corps. He later earned a law degree from the London School of Economics and studied Islamic Shariah at Al-Azhar University in Cairo. Those three disciplines—finance, law, and religion—became the architecture of his later work.