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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk), New Launches more

Kenyan Islamic bank to launch Sukuk in Q2

Posted on 09 March 2012

Kenya’s pioneering Islamic lender First Community Bank is planning to launch an Islamic bond or Sukuk in the second quarter of this year through its newly-formed investment bank, the bank’s managing director said.
Islamic banks have grown in the Kenyan banking sector since being the first country in eastern and central Africa to allow Islamic banking in 2007, catering to customers who want to follow Islamic rules by avoiding direct payment or earning of interest - viewed as usury under Islamic law………………………………………..Full Article: Source

 
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