Sharia banking Stories

Absa opens 87th branch in Kawangware to boost banking access in Nairobi's outskirts
Lucy Mumbi  |  Jul 15, 2025

The 87th outlet features a full-service hall, a 24-hour ATM, a cash deposit machine and mobile banking services tailored for Kawangware and its neighb...

Inside the appointment process of Kenya’s Chief Kadhi
Maureen Kinyanjui  |  Jul 12, 2025

The Chief Kadhi is the overall leader of the Kadhi’s Courts, which handle matters related to Islamic personal law such as marriage, divorce, and inher...

Absa unveils first fully mobile Shariah-Compliant banking platform
Maureen Kinyanjui  |  Jul 11, 2025

The bank says these new solutions are part of its broader strategy to deepen financial inclusion by offering accessible, ethical, and convenient banki...

Tanzania debuts first Shariah-compliant investment scheme
Maureen Kinyanjui  |  Aug 14, 2024

Global Finance reports that Islamic finance is today a Sh 502 trillion ($3.9 trillion) industry spread in over 80 countries with the bulk concentrated...

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.

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...

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