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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Sudan’s Bank of Khartoum eyes up Kenya

Posted on 16 May 2011

The Sudanese Islamic Bank of Khartoum has announced plans to move into Kenya in what would be the first cross-border expansion of Islamic finance in East Africa.
Kenya is in the process of changing its finance laws to allow Islamic finance. With two Shari’ah compliant banks in operation, a Takaful company and an array of Shari’ah compliant banking products in conventional banks Kenya leads the way in terms of regional Islamic finance. Kenya has also reformed its capital markets laws to allow the issuance of Sukuk……………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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