Speaking at the Islamic Finance Forum and Dialogue Conference in Nairobi on Thursday, Salat said Islamic finance should go beyond offering alternatives to conventional banking and instead focus on financing real assets and productive economic activity
By Chrispho OwuorKenya Re Head of Marketing Sally Waigumo said Takaful's emphasis on mutual assistance and shared responsibility could provide an alternative approach to insurance, particularly for communities exposed to economic and climate-related risks
By Chrispho OwuorAt the international level, the Islamic Financial Services Board has also placed Sharia governance at the centre of confidence and financial stability in the sector. In 2025, it adopted principles aimed at strengthening supervisory oversight of Sharia governance across Islamic banks, takaful institutions and Islamic capital-market institutions
By Chrispho OwuorSpeaking at the Islamic Finance Forum and Dialogue 2026 in Nairobi on Thursday, Hassan said regulators and industry players should work together to develop a framework that supports Islamic finance across banks, Saccos and other financial institutions, while also improving financial literacy among communities unfamiliar with the products.
By David AbonyoSpeaking at the Islamic Finance Forum and Dialogue Conference 2026 at the Radisson Blu Arboretum in Nairobi on Thursday, Sheikh Rashid called for reforms to create a stronger legal and regulatory environment for Sharia-compliant financial services
By Chrispho OwuorSpeaking at the Islamic Finance Forum and Dialogue Conference 2026 on Thursday, Muriithi said the Income Tax Act and the Value Added Tax Act already recognise Islamic finance arrangements, while the Public Finance Management Act recognises Sukuk as a form of government security.
By David AbonyoSpeaking at the Islamic Finance Forum and Dialogue Conference in Nairobi on Thursday Somalia’s Ambassador to Kenya Jabril said East African countries needed financing for roads, ports, airports, energy, water, housing, telecommunications, technology, agriculture and human capital.
By Chrispho OwuorSpeaking at the Islamic Finance Forum and Dialogue Conference 2026 organised by Radio Generation on Thursday, Asmali said Kenya’s history of financial innovation gave it an opportunity to become a leading Islamic finance hub in Africa.
By David AbonyoThe latest industry projections point to continued expansion, with the 2025 Islamic Finance Development Report estimating total Islamic finance assets at about Sh557.28 trillion in 2024 and projecting further growth towards 2029. The report also notes that Islamic banking is expanding in sub-Saharan Africa, with Islamic banks and banking windows operating across numerous markets
By Chrispho OwuorThe bank's approach comes as Kenya's financial inclusion landscape continues to expand, although significant gaps remain in access to and use of financial products
By Chrispho OwuorIslamic Finance is based on Shariah, or Islamic law, and differs from conventional banking through principles including the prohibition of interest, restrictions on speculative or excessively uncertain transactions and limits on investment in prohibited activities
By Chrispho OwuorThe system distinguishes between assistance to people in need and financing provided for genuine business activity, arguing that a loan advanced to help someone should not become a source of profit through interest
By Chrispho OwuorThe organisers say the sector’s growth has increased interest in Shariah-compliant financial solutions, which combine ethical principles, financial stability and growing market demand
By Chrispho Owuor