Barclays Bank of Kenya launched another Sharia-compliant product for corporate customers. The La Riba Asset Finance is aimed at enabling corporate customers to acquire moveable assets both locally and internationally.
The new product is based on the Murahaba, a cost plus profit Islamic finance instrument, whereby customers identify the assets they want to acquire upon which Barclays buys it and sells to the customer at an agreed price………………………………………..Full Article: Source