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Kenya: Equity to offer Islamic banking

Posted on 25 June 2012

Equity Bank, the largest local bank by consumer base, plans to start offering shariah compliant products and services by the end of this year. Chief executive, James Mwangi said the bank has received the necessary approval and is putting up supporting systems to further grow its consumer base.
He said offering Islamic banking products was also a way of extending its financial inclusion agenda in the region. “This is also a good business opportunity and we also do not want to be a bank that’s inclined to only one religion,” Mwangi said. He was meeting global officials of Infosys, providers of Finacle technology used by the bank………………………………………..Full Article: Source

 
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