Islamic Banking Stories

Financial inclusion: Ruto praises Islamic Banking's role in Kenyan economy
Abdirahman Khalif  |  Jul 31, 2024

The President expressed satisfaction that the proceeds from the Linzi Sukuk issuance will be used for financing, designing, constructing, and commissi...

Ruto: Hustler fund to have Shariah-compliant component for Muslims
Eastleigh Voice Reporter  |  Apr 09, 2024

Muslim leaders had earlier expressed concerns that the Hustler fund is not Muslim friendly.

Museveni inaugurates Uganda's first-ever licenced Islamic Bank
Abdirahman Khalif  |  Mar 28, 2024

President Museveni underscored the transformative potential of Islamic banking in improving Uganda's financial sector while also attracting Muslim inv...

New franchises boost banking sector's growth in Mombasa
Farhiya Hussein  |  Mar 24, 2024

The banking sector in Mombasa is experiencing gradual growth with the arrival of new franchises expanding across the Port City.

Absa Bank Kenya opens flagship La Riba Branch at BBS Mall, Eastleigh
Lucy Mumbi  |  Feb 16, 2024

The new branch offers a range of services including transactional accounts, savings accounts, Mudharabah deposit accounts, and Shari’ah-compliant inve...

Banks in Eastleigh in new push to entice women with interest-free loans
Abdirahman Khalif  |  Oct 27, 2023

Amina Hassan, a middle-aged woman who spoke to the Eastleigh Voice, said women are disadvantaged when it comes to running businesses as they lack capi...

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