Standard Investment Bank (SIB) has unveiled a Shariah-compliant investment banking division dubbed SIB Najah, and the division’s flagship product, MansaX Shariah.
The Bill currently before Parliament seeks to amend the Act to empower the Central Bank of Kenya to make regulations on licensing and supervising Islamic banks and Islamic financial institutions.
Islamic banks could soon be allowed to fully implement Sharia banking principles without seeking exemptions from the Central Bank of Kenya (CBK).
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